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View Poll Results: Estimate Your Current Net Worth
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Negative
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1 |
0.54% |
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0 - 25,000
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0 |
0% |
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25,000 - 50,000
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2 |
1.08% |
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50,000 - 100,000
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2 |
1.08% |
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100,000 - 200,000
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7 |
3.78% |
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200,000 - 300,000
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3 |
1.62% |
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300,000 - 400,000
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9 |
4.86% |
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400,000 - 500,000
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10 |
5.41% |
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500,000 - 600,000
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7 |
3.78% |
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600,000 - 700,000
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11 |
5.95% |
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700,000 - 800,000
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15 |
8.11% |
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800,000 - 900,000
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6 |
3.24% |
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900,000 - 1,000,000
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8 |
4.32% |
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1,000,000 - 1,250,000
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13 |
7.03% |
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1,250,000 - 1,500,000
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21 |
11.35% |
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1,500,000 - 1,750,000
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11 |
5.95% |
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1,750,000 - 2,000,000
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9 |
4.86% |
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2,000,000 - 2,250,000
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9 |
4.86% |
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2,250,000 - 2,500,000
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7 |
3.78% |
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2,500,000 - 2,750,000
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7 |
3.78% |
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2,750,000 - 3,000,000
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5 |
2.70% |
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3,000,000 - 3,250,000
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2 |
1.08% |
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3,250,000 - 3,500,000
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2 |
1.08% |
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3,500,000 - 3,750,000
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0 |
0% |
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3,750,000 - 4,000,000
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1 |
0.54% |
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4,000,000 - 4,250,000
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6 |
3.24% |
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4,250,000 - 4,500,000
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2 |
1.08% |
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4,500,000 - 4,750,000
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0 |
0% |
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4,750,000 - 5,000,000
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3 |
1.62% |
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5,000,000 - 6,000,000
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4 |
2.16% |
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6,000,000 - 7,000,000
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0 |
0% |
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7,000,000 - 8,000,000
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0 |
0% |
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8,000,000 - 9,000,000
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2 |
1.08% |
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9,000,000 - 10,000,000
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0 |
0% |
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New Improved 2005 ER Forum Current Net Worth Survey
11-17-2005, 05:30 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,375
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New Improved 2005 ER Forum Current Net Worth Survey
It's Back.
The 2005 ER Forum Current Net Worth Survey
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 06:54 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,719
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
We've got someone in the $8-9MM range? 
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 06:55 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,895
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
 Quote:
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Originally Posted by Jay_Gatsby
We've got someone in the $8-9MM range? |
Right and they are on dial up too !
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 07:35 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 1,466
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Originally Posted by DanTien
It's Back.
The 2005 ER Forum Current Net Worth Survey
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Geez Louise DT, how long did it take you to create this long a$$ list?
__________________
fuzzy? cute?
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 07:52 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Do you include your principal residence in your net worth or not ?
Maybe a definition of net worth would be appropriate first.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 08:11 AM
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#6
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Standard definition of net worth is the value of all assets less liabilities.
It is not just income producing assets. And future potential tax liabilites are not typically deducted either.
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 08:12 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
assets - liabilities = net worth, in my case
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 08:17 AM
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#8
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Originally Posted by Jay_Gatsby
We've got someone in the $8-9MM range? |
As far as WE can tell, sure. Yeah, that's it.
We include our home equity in our net worth, but that seems pretty silly at today's prices...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 08:27 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,719
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Housing equity attributable to actual payments made against mortgage principal might be a more "fair" way of looking at things. Then again, the appreciation in real estate is really no different than the appreciation in stocks...except that you can't live in stocks (well maybe you can, but living in those kind of stocks raises a more kinky issue).
__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 08:52 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
OK - More issues...
For a stream of income payments like a pension or your money sharking operation, Do you add in the net present value of those payments to your net worth ?
How do you account for medical benefit(s). Are they part of your net worth ?
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 08:56 AM
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#11
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Originally Posted by MasterBlaster
OK - More issues...
For a stream of income payments like a pension or your money sharking operation, Do you add in the net present value of those payments to your net worth ?
How do you account for medical benefit(s). Are they part of your net worth ?
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Here we go again...
Do you suppose that MBA universities encounter these discussions in their finance classes?
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 09:06 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Do you suppose that MBA universities encounter these discussions in their finance classes?
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Yes, the 2 folks that I know that have finance degrees argue excessively about home equity, but neither of them have a house, so I wonder.....
__________________
- Hurry! to the cliffs of insanity!
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 10:33 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,375
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Originally Posted by cube_rat
Geez Louise DT, how long did it take you to create this long a$$ list?
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 Over the course of a bowl of cheerios and chatting with wife about how The Minneapolis Institute of Arts where she is a docent is getting ready to open the new Michael Graves designed wing and how much deep **** they are in because they have a looted vase from Italy, who are now putting a Getty honcho on trial in Rome for multiple instances of same...about 1 hour : 
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 11:08 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,375
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Originally Posted by MasterBlaster
Maybe a definition of net worth would be appropriate first.
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:P 
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 11:15 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Originally Posted by Nords
Here we go again...
Do you suppose that MBA universities encounter these discussions in their finance classes?
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There wouldn't be much of an argument. Every first year MBA can offer you a calculation of the PV of a stream of cash flows. Easy-peasy.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 11:28 AM
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#16
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Still, I think it is rare that net worth calculations include the present value of a pension. Instead, you need less net worth because you have a pension. But then again, the present value of an annuity is generally considered part of net worth. . .
This is my banker client talking.
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 12:10 PM
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#17
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Moderator Emeritus
Join Date: Jul 2005
Posts: 2,811
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
WoW,* over 50% (so far) have $1M plus and 10% have $4M or more.*
The person with $8-9M better be retired and living on a tropical island or I am really going to lose my respect for that kind of money.* *
__________________
Work? I don't have time to work....I'm retired.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 01:48 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,203
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
WOO-HOO...IM THE LOWEST SO FAR ON THE TOTEM POLE...MAYBE THE YOUNGEST TOO...
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 01:50 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Originally Posted by thefed
WOO-HOO...IM THE LOWEST SO FAR ON THE TOTEM POLE...MAYBE THE YOUNGEST TOO...
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Thank you for making me not be the poorest person on this board. Or youngest...
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 01:51 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
Quote:
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Originally Posted by MasterBlaster
For a stream of income payments like a pension or your money sharking operation, Do you add in the net present value of those payments to your net worth ?
How do you account for medical benefit(s). Are they part of your net worth ?
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Streams of income, even at net present value are not part of your net worth. *Neither are medical benefits.
Net worth = Assets - Liabilities
Streams of income and benefits are not assets.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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