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

What is your net worth?

$0 - $100,000
24
5%
$0 - $100,000
24
5%
$100,000 - $500,000
99
22%
$500,000 - $1,000,000
85
19%
$500,000 - $1,000,000
85
19%
$2,000,000 - $3,000,000
59
13%
$3,000,000 - $5,000,000
41
9%
$5,000,000 - $7,500,000
15
3%
$7,500,000 - $10,000,000
5
1%
Over $10,000,000
13
3%
 
Total votes: 450

RenoJay
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What is your net worth?

Postby RenoJay » Sat Feb 19, 2011 1:47 pm

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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Postby The Wizard » Sat Feb 19, 2011 1:49 pm

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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Postby chaz » Sat Feb 19, 2011 1:53 pm

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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Postby Tyrobi » Sat Feb 19, 2011 1:58 pm

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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Postby Ron » Sat Feb 19, 2011 1:59 pm

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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Postby Wannaretireearly » Sat Feb 19, 2011 2:55 pm

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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Postby NAVigator » Sat Feb 19, 2011 3:31 pm

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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Postby chaz » Sat Feb 19, 2011 3:44 pm

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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Location: Portland, Oregon

Postby gkaplan » Sat Feb 19, 2011 6:13 pm

We've had this poll before, haven't we?
Gordon

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norookie
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Postby norookie » Sat Feb 19, 2011 6:25 pm

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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Location: Los Angeles, CA

Postby sperry8 » Sat Feb 19, 2011 7:34 pm

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 :)
Certainty is a requirement of ignorance.

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FrugalInvestor
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Postby FrugalInvestor » Sat Feb 19, 2011 9:29 pm

Wish I was closer to the top rather than the bottom of my range. :cry:
"Some men worship rank, some worship heroes, some worship power, some worship God, and over these ideals they dispute and cannot unite, but they all worship money. - Mark Twain

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Delayed Gratification
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Postby Delayed Gratification » Sat Feb 19, 2011 10:01 pm

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

RenoJay
Posts: 736
Joined: Tue Nov 17, 2009 11:20 am
Location: Nevada

Postby RenoJay » Sat Feb 19, 2011 10:14 pm

gkaplan wrote:We've had this poll before, haven't we?


Sorry. Maybe we have, but I hadn't seen it.

RenoJay
Posts: 736
Joined: Tue Nov 17, 2009 11:20 am
Location: Nevada

Postby RenoJay » Sat Feb 19, 2011 11:11 pm

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.

RenoJay
Posts: 736
Joined: Tue Nov 17, 2009 11:20 am
Location: Nevada

Postby RenoJay » Sat Feb 19, 2011 11:13 pm

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
Posts: 13564
Joined: Tue Feb 27, 2007 2:44 pm

Postby chaz » Sun Feb 20, 2011 12:01 pm

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
Posts: 1884
Joined: Fri Nov 20, 2009 2:39 pm

Postby scrabbler1 » Sun Feb 20, 2011 1:12 pm

"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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Postby fundtalker123 » Sun Feb 20, 2011 5:16 pm

Without knowing how to discount future tax bills, I honestly don't know.

letsgobobby
Posts: 8108
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Re: What is your net worth?

Postby letsgobobby » Fri Oct 28, 2011 11:45 pm

poll is screwed up - two entries for $0.5m to $1.0m. was it always this way?

likegarden
Posts: 1603
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Re: What is your net worth?

Postby likegarden » Sat Oct 29, 2011 10:11 am

One entry range is missing.

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Sheepdog
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Location: Indiana, retired 1998 at age 65

Re: What is your net worth?

Postby Sheepdog » Sat Oct 29, 2011 11:04 am

What is my net worth? Which net? My wife's hairnet or my fish net? Neither one is worth much.
“I fear the day technology will surpass our human interaction. The world will have a generation of idiots.” | ― Albert Einstein

Lollytiger
Posts: 164
Joined: Sun May 08, 2011 10:12 pm

Re: What is your net worth?

Postby Lollytiger » Sat Oct 29, 2011 11:05 am

My net worth isn't that high, but I have a really big gross worth.

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jidina80
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Location: Fiji

Re: What is your net worth?

Postby jidina80 » Thu Dec 15, 2011 1:01 am

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
Posts: 43
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Re:

Postby joha31 » Thu Dec 15, 2011 8:54 am

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?

Postby tadamsmar » Thu Dec 15, 2011 9:52 am

There is a typo in the pool, the 1 to 2 million range is not specified correctly

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rustymutt
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Location: Oklahoma

Re: What is your net worth?

Postby rustymutt » Thu Dec 15, 2011 10:35 am

Your poll is flawed. You put in $500K to 1,000K twice, and left out $1,000K to 1,500K.
Knowledge is knowing that the Tomato is a fruit. Wisdom is knowing better than to put the tomato in a fruit salad.

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Exige
Posts: 255
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Location: Littleton, CO

Re: What is your net worth?

Postby Exige » Thu Dec 15, 2011 11:55 am

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
Posts: 499
Joined: Tue Sep 28, 2010 1:06 am

Re: What is your net worth?

Postby kirent » Thu Dec 15, 2011 12:16 pm

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:

Postby guitarguy » Thu Dec 15, 2011 12:34 pm

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?

Postby Mudpuppy » Thu Dec 15, 2011 2:31 pm

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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