What is your net worth?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills.
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What is your net worth?

$0 - $100,000
25
5%
$0 - $100,000
25
5%
$100,000 - $500,000
102
22%
$500,000 - $1,000,000
88
19%
$500,000 - $1,000,000
88
19%
$2,000,000 - $3,000,000
61
13%
$3,000,000 - $5,000,000
41
9%
$5,000,000 - $7,500,000
17
4%
$7,500,000 - $10,000,000
6
1%
Over $10,000,000
13
3%
 
Total votes: 466

Topic Author
RenoJay
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What is your net worth?

Post by RenoJay »

What is your net worth and your age? (I can't figure out how to add age to the poll selection.)
The Wizard
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Post by The Wizard »

You'd have to make a rectangular grid for a two-dimensional poll like you want.
We'd probably have to get upgraded forum software for that...
chaz
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Post by chaz »

A curious thread.
Chaz | | “Money is better than poverty, if only for financial reasons." Woody Allen | | http://www.bogleheads.org/wiki/index.php/Main_Page
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Tyrobi
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Post by Tyrobi »

www.networthiq.com has comparison for net worth and age.
Three-fund portfolio | "Simplicity is the master key to financial success." John C. Bogle
Ron
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Post by Ron »

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
Wannaretireearly
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Post by Wannaretireearly »

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
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NAVigator
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Post by NAVigator »

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
Agree with Ron. All that really matters is how are you doing and will you meet your goals.

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."
chaz
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Post by chaz »

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
You are gonnaretireearly.
Chaz | | “Money is better than poverty, if only for financial reasons." Woody Allen | | http://www.bogleheads.org/wiki/index.php/Main_Page
gkaplan
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Post by gkaplan »

We've had this poll before, haven't we?
Gordon
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norookie
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Post by norookie »

chaz wrote:A curious thread.
They're always up there Chaz, Your 'presence' on the forum, i'm surprised you didn't call dupe. No doubt everyones had ups and downs, and LEARNED. I think its personal, I'm worth 1 dollar. :roll:
" Wealth usually leads to excess " Cicero 55 b.c
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sperry8
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Post by sperry8 »

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 :)
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FrugalInvestor
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Post by FrugalInvestor »

Wish I was closer to the top rather than the bottom of my range. :cry:
Have a plan, stay the course and simplify. Then ignore the noise!
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Delayed Gratification
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Post by Delayed Gratification »

Where's the negative option? Can't assume everyone has made it to zero... :lol:
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RenoJay
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Post by RenoJay »

gkaplan wrote:We've had this poll before, haven't we?
Sorry. Maybe we have, but I hadn't seen it.
Topic Author
RenoJay
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Location: Nevada

Post by RenoJay »

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
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.
Topic Author
RenoJay
Posts: 748
Joined: Tue Nov 17, 2009 10:20 am
Location: Nevada

Post by RenoJay »

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
That's a great ratio of income to expenses. I sure hope you're spending the extra investing in gold, racing horses and dotcoms.
chaz
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Joined: Tue Feb 27, 2007 1:44 pm

Post by chaz »

RenoJay wrote:
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
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.
For a little financial voyeurism, join the IRS.
Chaz | | “Money is better than poverty, if only for financial reasons." Woody Allen | | http://www.bogleheads.org/wiki/index.php/Main_Page
scrabbler1
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Post by scrabbler1 »

"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.
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fundtalker123
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Post by fundtalker123 »

Without knowing how to discount future tax bills, I honestly don't know.
letsgobobby
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Re: What is your net worth?

Post by letsgobobby »

poll is screwed up - two entries for $0.5m to $1.0m. was it always this way?
likegarden
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Re: What is your net worth?

Post by likegarden »

One entry range is missing.
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Sheepdog
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Re: What is your net worth?

Post by Sheepdog »

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)
Lollytiger
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Re: What is your net worth?

Post by Lollytiger »

My net worth isn't that high, but I have a really big gross worth.
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jidina80
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Re: What is your net worth?

Post by jidina80 »

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
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joha31
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Re:

Post by joha31 »

Delayed Gratification wrote:Where's the negative option? Can't assume everyone has made it to zero... :lol:
+1 but getting closer every month.
"You miss 100% of the shots you don't take. -Wayne Gretzky" -Michael Scott
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tadamsmar
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Re: What is your net worth?

Post by tadamsmar »

There is a typo in the pool, the 1 to 2 million range is not specified correctly
rustymutt
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Re: What is your net worth?

Post by rustymutt »

Your poll is flawed. You put in $500K to 1,000K twice, and left out $1,000K to 1,500K.
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Exige
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Re: What is your net worth?

Post by Exige »

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.'
kirent
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Re: What is your net worth?

Post by kirent »

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.
guitarguy
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Re:

Post by guitarguy »

Delayed Gratification wrote:Where's the negative option? Can't assume everyone has made it to zero... :lol:
:?
Mudpuppy
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Re: What is your net worth?

Post by Mudpuppy »

rustymutt wrote:Your poll is flawed. You put in $500K to 1,000K twice, and left out $1,000K to 1,500K.
The poll isn't flawed. It got broken in the forum upgrade, as did all polls created on the old version.
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