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View Poll Results: What is your Net Worth
Negative 1 0.60%
0 - 25,000 1 0.60%
25,000 - 50,000 3 1.81%
50,000 - 100,000 3 1.81%
100,000 - 200,000 6 3.61%
200,000 - 500,000 27 16.27%
500,000 - 1,000,000 45 27.11%
1,000,000 - 3,000,000 64 38.55%
3,000,000 - 5,000,000 14 8.43%
5,000,000 + 2 1.20%
Voters: 166. You may not vote on this poll

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Re: Your Current Net Worth
Old 07-22-2005, 08:32 PM   #21
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Re: Your Current Net Worth

Quote:
Originally Posted by ronin
I find these kind of comparisons crass. *I will say that I bet my dantien is bigger than yours.
You find discussion of NW comparison "crass"? Today's posts are full of intimate
details of people who had had a hose snaked up their ass.

JG
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Re: Your Current Net Worth
Old 07-22-2005, 10:04 PM   #22
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Re: Your Current Net Worth

Nothing like a little internet bonding....
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Re: Your Current Net Worth
Old 07-23-2005, 02:05 PM   #23
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Re: Your Current Net Worth

In response to how to calculate the present value of a pension, how about the following...

On the Retire Early Home Page website, intercst uses a 4% drawdown as a safe annual withdrawal rate. Using this thinking in reverse...an annual pension amount multipied by 25 would give you its 'net worth value'.

So, as an example, if you are getting (or will get) an annual pension of $10,000, it is worth $250,000 in terms of your net worth.

omni* * *

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Re: Your Current Net Worth
Old 07-23-2005, 02:42 PM   #24
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Re: Your Current Net Worth

That sounds like a pretty good rule of thumb to use x25.
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Re: Your Current Net Worth
Old 07-23-2005, 03:45 PM   #25
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Re: Your Current Net Worth

Only if the pension is adjusted annually for the CPI. Otherwise, a different algorithm would apply.
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Re: Your Current Net Worth
Old 07-24-2005, 03:24 PM   #26
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Re: Your Current Net Worth

Quote:
I don't want to know how big a pile you've made.
Pile of what :P
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Re: Your Current Net Worth
Old 07-24-2005, 04:01 PM   #27
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Re: Your Current Net Worth

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Originally Posted by Have Funds, Will Retire
Pile of what :P
Your pile


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Re: Your Current Net Worth
Old 07-24-2005, 08:24 PM   #28
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Re: Your Current Net Worth

I wish that we had more money saved, but no way would I want to be responsible for having $30M+. I would rather stick with what we have now!!!

Dreamer
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Re: Your Current Net Worth
Old 07-25-2005, 08:03 PM   #29
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Re: Your Current Net Worth

I have an older brother in the coveted last category and two younger brothers living hand to mouth. So much for the influence of common genes and upbringing.
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Re: Your Current Net Worth
Old 07-25-2005, 08:39 PM   #30
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Re: Your Current Net Worth

That distribution up there is pretty impressive. Would those in the last 2 categories please identfy themselves, so I can sell you something?

Ha
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Re: Your Current Net Worth
Old 07-26-2005, 10:00 AM   #31
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Re: Your Current Net Worth

Man we have a lot of millionaires+ here! Close to half the responders!

There are only about 7M millionaires on the planet corresponding to about 1 out of every 1000 people so the club is still PLENTY exclusive for me!

Cheers!

Ps. and WHO is that with 5M+? If you are female and single send me a PM!
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Re: Your Current Net Worth
Old 07-26-2005, 10:11 AM   #32
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Re: Your Current Net Worth

Quote:
The net worth of the typical American household is $35,000 today.

Households in the $5 million category number about 328,000; with 38,000 enjoying at least $10 million worth of comfort.
Source:
Quote:
According to this years edition of the World Wealth Report conducted by Merrill Lynch and Capgemini, the number of millionaires worldwide increased by 600,000 to 8.3m in 2004. The report defines a millionaire as an individual who has assets worth more than $1m excluding their primary residence.

The combined wealth of all these high net worth individuals (HNWI's) exceeds $30 trillion. At a regional level, Australia, India, Singapore, and Hong Kong were the strongest performers - Australia added 47 new millionaires a day throughout 2004, whilst India added almost 25 a day.

The following is a regional breakdown:

North America: Number of millionaires grew by 9.7%; total wealth grew 10.2%.
Asia-Pacific: Number of millionaires grew by 8.2%; total wealth grew 8.5%.
Europe: Number of millionaires grew by 4.1%; total wealth grew 3.7%.
Latin America: Number of millionaires grew by 6.3%; total wealth grew 7.9%.
Middle East: Number of millionaires grew by 9.5%; total wealth grew 28.9%.
Source:
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Re: Your Current Net Worth
Old 07-26-2005, 10:32 AM   #33
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Re: Your Current Net Worth

Hmmm

1993 - first year of ER - NW his and hers about 350k including the duplex which we sold and consumed along the way.

Over 1 mil in 2000 and again in 2003 not counting any RE. I.e. - the bulk of our nw increase came in ER.

So goes Mr Market.

Heh, heh, heh. Not to worry - the Norwegian widow still gets her dividends.

BTY - what's honesty Is that a Missoula joke?
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Re: Your Current Net Worth
Old 07-27-2005, 12:20 AM   #34
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Re: Your Current Net Worth

Ok. 8 million millionaires on the planet - still about 1 out of every 1000.
Also note that as the question was about net worth most here probably included their primary residence while the report above EXCLUDES the primary residence. Cheers!
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Re: Your Current Net Worth
Old 07-27-2005, 03:23 AM   #35
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Re: Your Current Net Worth

This whole millionaire thing is overrated. Once you pull the plug, the size of your pile doesn't matter as much as burn rate, lifespan, and investment returns.

Hmm, time for a new poll....
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Re: Your Current Net Worth
Old 07-27-2005, 08:57 AM   #36
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Re: Your Current Net Worth

Quote:
Originally Posted by wabmester


Hmm, time for a new poll....
Hey, Dan, how 'bout an a*s poll? Excuse me, how about a lower GI poll?

--Greg
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Re: Your Current Net Worth
Old 07-27-2005, 11:44 AM   #37
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Re: Your Current Net Worth

Quote:
Originally Posted by Apocalypse . . .um . . .SOON
Hey, Dan, how 'bout an a*s poll? Excuse me, how about a lower GI poll?

--Greg
Quote:
Originally Posted by wabmester
....Once you pull the plug, the size of your pile doesn't matter as much as burn rate, lifespan, and investment returns.
Oooooo... wabmester... you are an original thinker... please explain your experiences so we'll know what our goals should be.

We'll use you as the standard I'm sure.

I'm reluctant to start a poll on this subject let alone even get close to touching one with a 10 foot poll.

But lets move those comments and your own personal insights right along........

DanTien
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Re: Your Current Net Worth
Old 07-27-2005, 12:47 PM   #38
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Re: Your Current Net Worth

Quote:
Originally Posted by wabmester
This whole millionaire thing is overrated.* *Once you pull the plug, the size of your pile doesn't matter as much as burn rate, lifespan, and investment returns.

Hmm, time for a new poll....
Here it is, wab:

http://early-retirement.org/forums/i...61294#msg61294
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Re: Your Current Net Worth
Old 07-28-2005, 12:24 PM   #39
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Re: Your Current Net Worth

Quote:
Originally Posted by ben
Ps. and WHO is that with 5M+? If you are female and single send me a PM!*
Ben, maybe you need to evaluate your priorities.

If they're worth $5M+, is gender & marital status relevant?
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Re: Your Current Net Worth
Old 07-28-2005, 12:45 PM   #40
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Re: Your Current Net Worth

Quote:
Originally Posted by DanTien
I don't want to know how big a pile you've made.
Do you mean pile of . . . . money?
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