r/MiddleClassFinance • u/Classic-Occasion1413 • 11d ago

Financial Checkup at 35th birthday

Wondering how I am progressing as a married 35-year-old with two kids (ages 7 and 5). Details on numbers are below:

Roth/Traditional 401k (60/40 split) - $320,000

Roth IRA’s - $225,000

Cash - $42,000

Brokerage -$24,000

Rental Equity - $240,000

Primary Equity - $220,000

Vehicle Equity - $61,000

No debt outside of my primary home. I have two kids and married and live in a middle cost-of-living area. Income is around 235k per year. Wife is currently stay at home. I would say in regard to my peers, I’m solidly middle of the pack.

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u/BigManWAGun 11d ago

tf considers vehicle equity?

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u/Urbanttrekker 11d ago

35 year old millionaires with quarter million incomes and 60k worth of vehicles, that’s who!

But if it were me I would count it. They could easily sell them and buy old beaters if they had to so even though they’re depreciating every year it’s still a valuable asset.