What is your net worth?
What is your net worth?
What is your net worth and your age? (I can't figure out how to add age to the poll selection.)
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A curious thread.
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
www.networthiq.com has comparison for net worth and age.
Three-fund portfolio |
"Simplicity is the master key to financial success." John C. Bogle
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If someone is gonna start a multi-dimensional net worth thread, here are the parameters I would like to see:
1. Net Worth (however you want to calculate it)
2. Age
3. Annual current income (ballpark)
4. Annual current total costs (ballpark)
For me the # are:
1. ~$1M (woohoo! just realized this recently)
2. 32 (spouse 34)
3. ~$250k
4. ~$90-100k
1. Net Worth (however you want to calculate it)
2. Age
3. Annual current income (ballpark)
4. Annual current total costs (ballpark)
For me the # are:
1. ~$1M (woohoo! just realized this recently)
2. 32 (spouse 34)
3. ~$250k
4. ~$90-100k
Agree with Ron. All that really matters is how are you doing and will you meet your goals.Ron wrote:Single? Married (e.g. divide by 2)? Investable assets? Total assets (beyond what is investable, such as net worth of your home, personal property, etc.)?
Poll dosen't make sense. What is it that you are trying to measure or what do you really want to know?
- Ron
Comparison to others is difficult. Like the children in Lake Wobegon; all the Bogleheads are above average. Wealth is like driving on the highway; there is always someone ahead of you.
Jerry
"I was born with nothing and I have most of it left."
You are gonnaretireearly.Wannaretireearly wrote:If someone is gonna start a multi-dimensional net worth thread, here are the parameters I would like to see:
1. Net Worth (however you want to calculate it)
2. Age
3. Annual current income (ballpark)
4. Annual current total costs (ballpark)
For me the # are:
1. ~$1M (woohoo! just realized this recently)
2. 32 (spouse 34)
3. ~$250k
4. ~$90-100k
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
If we held this poll just 2 years ago... everyone's net worth would've been much lower. Mine was 50% less! Certainly happy it's 2 years later, but who know what will happen. Could just as easily be back down in 2 more years. So... a better question is how long will my money last? I draw down about 3.5%... all my tables and analysis have that lasting til my mid 80's. But hey, it's subject to change
BH Contests: 23 #89 of 607 | 22 #512 of 674 | 21 #66 of 636 |20 #253/664 |19 #233/645 |18 #150/493 |17 #516/647 |16 #121/610 |15 #18/552 |14 #225/503 |13 #383/433 |12 #366/410 |11 #113/369 |10 #53/282
- FrugalInvestor
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Ron, good questions. I actually hadn't thought it out that much. I think I'm looking at total household net worth regardless of maritial status. The main thing I want to know is how Bogleheads stack up against the general populace plus (if we're being honest) I think a little financial voyeurism is fun.Ron wrote:Single? Married (e.g. divide by 2)? Investable assets? Total assets (beyond what is investable, such as net worth of your home, personal property, etc.)?
Poll dosen't make sense. What is it that you are trying to measure or what do you really want to know?
- Ron
That's a great ratio of income to expenses. I sure hope you're spending the extra investing in gold, racing horses and dotcoms.Wannaretireearly wrote:If someone is gonna start a multi-dimensional net worth thread, here are the parameters I would like to see:
1. Net Worth (however you want to calculate it)
2. Age
3. Annual current income (ballpark)
4. Annual current total costs (ballpark)
For me the # are:
1. ~$1M (woohoo! just realized this recently)
2. 32 (spouse 34)
3. ~$250k
4. ~$90-100k
For a little financial voyeurism, join the IRS.RenoJay wrote:Ron, good questions. I actually hadn't thought it out that much. I think I'm looking at total household net worth regardless of maritial status. The main thing I want to know is how Bogleheads stack up against the general populace plus (if we're being honest) I think a little financial voyeurism is fun.Ron wrote:Single? Married (e.g. divide by 2)? Investable assets? Total assets (beyond what is investable, such as net worth of your home, personal property, etc.)?
Poll dosen't make sense. What is it that you are trying to measure or what do you really want to know? :wink:
- Ron
Chaz |
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“Money is better than poverty, if only for financial reasons." Woody Allen |
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http://www.bogleheads.org/wiki/index.php/Main_Page
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"1. Net Worth (however you want to calculate it)
2. Age
3. Annual current income (ballpark)
4. Annual current total costs (ballpark) "
(1) Just under $1.1M, excluding the co-op apartment I own outright, including taxable and IRA investments.
(2) 47 and retired for 2 years. Single and childfree.
(3) About $32k in mostly taxable bond fund dividends, excluding spikes in income from unexpected cap gains distributions.
(4) About $22k.
2. Age
3. Annual current income (ballpark)
4. Annual current total costs (ballpark) "
(1) Just under $1.1M, excluding the co-op apartment I own outright, including taxable and IRA investments.
(2) 47 and retired for 2 years. Single and childfree.
(3) About $32k in mostly taxable bond fund dividends, excluding spikes in income from unexpected cap gains distributions.
(4) About $22k.
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Re: What is your net worth?
poll is screwed up - two entries for $0.5m to $1.0m. was it always this way?
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Re: What is your net worth?
One entry range is missing.
Re: What is your net worth?
What is my net worth? Which net? My wife's hairnet or my fish net? Neither one is worth much.
Unless you try to do something beyond what you have already mastered you will never grow. (Ralph Waldo Emerson)
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Re: What is your net worth?
My net worth isn't that high, but I have a really big gross worth.
Re: What is your net worth?
The results of this poll are so encouraging for Bogleheads!
If one's investing behavior resembles Bogle's advice of broad diversification with exposure to both stocks and bonds, in low-cost funds, most survey respondents are on the right track.
It's true that the first million is the hardest. After that, the compounding of returns helps tremendously. For most investors, when one passes the $2 million point, after-tax returns are usually a bigger determinant of growth of wealth than newly invested capital, but keep investing!
Young investors, you have the biggest advantage: Time. Ignore the noise and invest like your future depends on it. It does.
Just
If one's investing behavior resembles Bogle's advice of broad diversification with exposure to both stocks and bonds, in low-cost funds, most survey respondents are on the right track.
It's true that the first million is the hardest. After that, the compounding of returns helps tremendously. For most investors, when one passes the $2 million point, after-tax returns are usually a bigger determinant of growth of wealth than newly invested capital, but keep investing!
Young investors, you have the biggest advantage: Time. Ignore the noise and invest like your future depends on it. It does.
Just
Re: What is your net worth?
There is a typo in the pool, the 1 to 2 million range is not specified correctly
Re: What is your net worth?
Your poll is flawed. You put in $500K to 1,000K twice, and left out $1,000K to 1,500K.
Even educators need education. And some can be hard headed to the point of needing time out.
Re: What is your net worth?
I love this part of your post!
jidina80 wrote: Young investors, you have the biggest advantage: Time. Ignore the noise and invest like your future depends on it. It does.
Just
‘I found the road to wealth when I decided that a part of all I earned was mine to keep. And so will you.'
Re: What is your net worth?
And this is the problem with bumping threads made before the forum upgrade.
Disclaimer: I am not a financial or legal expert and all information I provide is given for entertainment purposes only, at your own risk and with no guarantees of accuracy.
Re: What is your net worth?
The poll isn't flawed. It got broken in the forum upgrade, as did all polls created on the old version.rustymutt wrote:Your poll is flawed. You put in $500K to 1,000K twice, and left out $1,000K to 1,500K.