This nice girl isn't rich

I’m finishing up Nice Girls Don’t Get Rich by Lois Frankel and it’s been an interesting look at what fiscal problems specifically plague women. I like the format of the book in that you start by taking a self-assessment and then each chapter addresses each of these questions sequentially. That way one can check out the areas that are most relevant to that individual. While I don’t always agree with everything she says- I came across another definition of wealth for my register.

“If you don’t already have some kind of retirement or investment account in your name with at least your age x $2,000 in it, get going fast.” P.170

While this obviously has some ceiling/floor effects issues here’s what it means:

25-years-old = need $50,000 in my own name (not in a joint account!)

Oouch!