 |
|
Is there any thread or poll where we stand
12-27-2016, 11:30 AM
|
#1
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,512
|
Is there any thread or poll where we stand
I just have a question if you of an old thread that is about where the people that come here rank in wealth? Now I know this really is no one else's business and can be a very private matter. I was looing back but couldn't find an old thread on your NW or what your portfolio is worth excluding material things.
I know of another site and they have one each year and people are anonymous and it gives you an idea where you are at to others.
Thanks
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
12-27-2016, 11:59 AM
|
#2
|
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,696
|
|
|
|
|
|
12-27-2016, 12:16 PM
|
#3
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2016
Posts: 9,512
|
Thanks and interesting to see those numbers. I'm among the rich and the famous! Lol
|
|
|
|
|
12-27-2016, 12:18 PM
|
#4
|
|
Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,340
|
If you can figure out a way to define the terms ("net worth" seems to be especially slippery, just as an example), then I'm sure there would be a good level of participation.
The devil is in the details.
|
|
|
|
|
12-27-2016, 12:31 PM
|
#5
|
|
Full time employment: Posting here.
Join Date: Jul 2014
Posts: 930
|
And I don't believe the poll takes into account pensions, which have a big impact on spendable wealth.
|
|
|
|
|
12-27-2016, 03:08 PM
|
#6
|
|
Recycles dryer sheets
Join Date: Aug 2016
Location: Cottage Grove
Posts: 212
|
 Quote:
Originally Posted by Katiek
And I don't believe the poll takes into account pensions, which have a big impact on spendable wealth.
|
I figure my pension in my net worth. Mine has a lump sum value that I use. I plan on taking it as an annuity when I retire though.
|
|
|
|
|
12-27-2016, 03:28 PM
|
#7
|
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
|
I love polls about net worth--most of the discussion start with how to define it and other terms, and we're off.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
|
|
12-28-2016, 09:52 AM
|
#8
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
Net worth is a simple calculation: assets - liabilities. Pension income should be looked at as part of cash flow and not a defined asset included in net worth, unless it has a lump sum option that can be defined.
Should I include future dividend payments in my net worth calculation, no. See the point?
|
|
|
|
|
12-28-2016, 10:12 AM
|
#9
|
|
Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,340
|
Quote:
Originally Posted by COcheesehead
Net worth is a simple calculation
|
As a relative newcomer to this forum, I suspect you have no idea how many smiles that statement will provoke here. 
|
|
|
|
|
12-28-2016, 10:13 AM
|
#10
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
__________________
Numbers is hard
|
|
|
|
|
12-28-2016, 10:14 AM
|
#11
|
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
|
Quote:
Originally Posted by COcheesehead
Net worth is a simple calculation: assets - liabilities. Pension income should be looked at as part of cash flow and not a defined asset included in net worth, unless it has a lump sum option that can be defined.
Should I include future dividend payments in my net worth calculation, no. See the point?
|
You should start a poll. 
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
|
|
12-28-2016, 10:15 AM
|
#12
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
I thought about it.
|
|
|
|
|
12-28-2016, 10:16 AM
|
#13
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
Maybe my fresh perspective is just want is needed around here. 
|
|
|
|
|
12-28-2016, 10:24 AM
|
#14
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2007
Posts: 13,226
|
There are no more fresh perspectives left to be had.
|
|
|
|
|
12-28-2016, 10:33 AM
|
#15
|
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
|
You should start a poll on that too
Just kidding--fresh perspectives are good.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
|
|
12-28-2016, 10:37 AM
|
#16
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
Well I can at least add my semi delusional ones then.
|
|
|
|
|
12-28-2016, 10:38 AM
|
#17
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
|
I've tried, many times, to teach people the definition of net worth, but on this forum it means whatever you want it to mean. I have given up.
|
|
|
|
|
12-28-2016, 10:39 AM
|
#18
|
|
Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,211
|
Quote:
Originally Posted by COcheesehead
Net worth is a simple calculation: assets - liabilities. Pension income should be looked at as part of cash flow and not a defined asset included in net worth, unless it has a lump sum option that can be defined.
Should I include future dividend payments in my net worth calculation, no. See the point?
|
LOL... Not only is pension one of the issues that gets discussed in detail whenever net worth comes up... don't forget primary homes, etc...
And definitely don't forget credit card points.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
|
|
|
|
|
12-28-2016, 10:47 AM
|
#19
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
Quote:
Originally Posted by meadbh
i've tried, many times, to teach convince people to adopt the my definition of net worth, but on this forum it means whatever you want it to mean. I have given up.
|
fify
__________________
Numbers is hard
|
|
|
|
|
12-28-2016, 10:59 AM
|
#20
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
|
Quote:
Originally Posted by Meadbh
I've tried, many times, to teach people the definition of net worth, but on this forum it means whatever you want it to mean. I have given up.
|
I think people knew what net worth is, but they were trying to make the point that only investable assets are meaningful for the purpose of generating cash flow to maintain the existing lifestyle, and also to support the other "cash draining" assets.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
