[WINii] How does your net worth compare?

Hi WINers!

Ever wonder how your net worth compares? Let’s talk transparently about money. 

You also get to hear why one woman traded an artistic career for the world of tech. 

Ready to jump in? ⏬

🎨 From Art to Tech 

Stephanie Skuzenski is a senior manager at Johnson & Johnson. She has a brilliant mind that works in different ways. Stephanie's ability to recognize repeatable patterns and her love of efficiency propelled her from pursuing a career as a textile design artist to a system designer in tech.

I particularly enjoyed our discussion on different career motivations and satisfactions throughout the various stages of life, such as switching back from manager to IC for better fulfillment. For manager in our community, do you ever think of switching back?

Watch the episode here! ⏬

🎧 Listen on Spotify

Next WINii podcast guest?

Is there an exceptional female colleague, mentor, or C suite in tech that you admire? Would you like to see her on WINii’s podcast? If so, who is she and what’s one burning question you would ask?

Send your feedback here! 👇

💵 How Do You Stack Up?

Do you get excited about seeing your net worth grow? I check my net worth tracking app every few weeks just to see how I’m doing. I like seeing the upward direction of my graph. 

Some WINers mentioned they emotionally equate their net worth with their savings account. It’s what feels tangible. While they invest into their 401ks, retirement feels so far away. 

But remember, Net worth = Total Assets - Total Liabilities 

Include your investments. Your 401k, IRAs, HSAs (if you are using it for retirement purposes), and brokerage accounts. Same for your debt, face your numbers. You may be surprised at the progress you’re making. 

Comparison is the thief of joy, but I do find these charts interesting. Do they motivate or deflate you?

🤑 Wealth Creation Journey

Interested in how other folks are creating their wealth? Here are some examples from around the web to inspire you. 🤩

Net worth: $438,000 [source: Reddit]
Profile: Age 29, career in marketing, earned $187k annually in total comp, splits expenses 50/50 a partner, no children.

• Net worth breakdown: 401k: $203k // Ind. Brok: $182k // Roth IRA: $31k // Checking: $20k // RSUs: $2k

• Follows the FIRE (financial independence, retire early) plan. 

• Current FIRE range is between $1.25M-$2.5M individually. Spends between $30k-$35k annually.

• Combined net worth with partner is roughly $850K

Ready to live abroad? Check out these amazing stories from YouTube:

Ilana Buhl, 30, is an American living in a luxury, 2-bedroom apartment in Copenhagen, Denmark with her husband and son. The couple pays $2,100 a month in rent. Ilana is a primary school teacher and shares snippets of her life abroad on social media.

Stephanie Synclair, 41, owns her own business and makes $80,000 a year. She lives in Atlanta but made Sicily her home away from home in 2022 when she bought a house there for around $62,000.

Curious about how women spend?

Glamour magazine surveyed anonymous New York women with different salaries and asked them how often they shop for clothes:

And don’t forget about the OG… Money Diaries!

Have a wonderful week ahead!

Minki
Founder, WINii
Empowering a million women to become millionaires

📢 PS - Refer a Friend!

Are there others female friends/colleagues in your social circle you’d like to include in our money chat? Consider sharing this newsletter!

The more friends you refer, the more bonuses you’ll earn:

• 5 referrals - Private group Q&A session on student loans 

• 10 referrals - WINii branded Stanley bottle 30 oz 

• 15 referrals - 1:1 budget review session with founder

Pass this newsletter to your friends and family by clicking the button below! 👇