I know alot of people that have their shit together by 25. But, I will say the vast majority of people that say they had $100,000 plus by the age of 25 I would assume inherited a shitload, or they were able to keep their college fund their parents gave them.
Not saying there are not exceptions, im just saying, if you are 25 and you feel like youre doing something wrong because some of these people have hundreds of thousands, remember, they probably were given it or they are lying.
Not saying that there aren't a few out there. But they are very rare.
I'm surprised you've been reading this forum for at least a year, and you still believe this.
If you were born in the United States, and you wish to do so, it's generally not difficult to save $100,000 at or before age 25,
especially if you are
privileged enough to have had a stable partnership, as many of the respondents profess to have had. Seriously, you have 8 years between the start of age 18 and the end of age 25. You only need to save $12,500 per year to reach $100,000 by age 25. You could do that at a job that doesn't even require a formal education, especially with the assistance of a partner or partners.
The issue here is, in large part, one of
choices, and sacrifices. Many people choose to live close to family even in a city without jobs, or choose to spend their money on what they consider at the time to be fun and entertainment, or choose to learn to drive and buy a car, or choose to get a degree that isn't considered valuable by the invisible hand of the free market, or choose to go to a school that is more expensive than is economically justifiable. Those are choices. They might even be
good choices depending on the person's needs and desires in life. And since they might be good choices, I certainly don't think there's anything wrong with not having saved much money by age 25. I seriously have no judgment for people who haven't saved money by that age. The choices could have been, and may have been, valid. There's not necessarily anything to feel bad about.
But let's not conflate choices with actual difficulty. For the vast majority of people born in the United States, if they had wanted to have $100,000 in net worth by the end of age 25, and had made their choices accordingly, they could have done it. They just chose to make
different decisions than the ones that would lead to that result. Again, there's nothing wrong with that. But let's not act like it's some impossible feat to save money by age 25. It's not.
If you aren't willing to make the sacrifices necessary to save money by an early age, that's your call, but it doesn't mean it's out of reach.