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View Poll Results: What's your new net worth?
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< 0
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2 |
0.74% |
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< 100K
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1 |
0.37% |
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< 250K
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9 |
3.32% |
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< 500K
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25 |
9.23% |
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< 750K
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28 |
10.33% |
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< 1 Million
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33 |
12.18% |
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< 1.5M
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58 |
21.40% |
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< 2M
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34 |
12.55% |
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< 2.5M
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30 |
11.07% |
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< 3M
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16 |
5.90% |
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< 4M
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15 |
5.54% |
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< 5M
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12 |
4.43% |
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< 10M
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5 |
1.85% |
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>= 10M
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3 |
1.11% |
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01-01-2007, 07:55 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 4,461
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As a follow-up to pollmeister DT's 2005 poll, I'm curious to see how things have changed.
Here are the rules of the game:
1) Calculate assets - liabilites + (25 * COLA'd annual pension) + (15 * non-COLA'd annual pension)
2) Choose the number above closest to your net worth without going over
3) Optionally post a message with your gripe about the poll, crowing about your gains, etc.
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01-01-2007, 08:05 PM
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#2
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Full time employment: Posting here.
Join Date: Jan 2006
Posts: 539
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 Quote:
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Originally Posted by wab
1) Calculate assets - liabilites + (25 * COLA'd annual pension) + (15 * non-COLA'd annual pension)
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Do we do the pension calculation only on pensions we are currently receiving or on anticipated pensions (eg. SS) also?
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01-01-2007, 08:12 PM
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#3
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Moderator Emeritus
Join Date: Feb 2006
Location: Tampa
Posts: 6,899
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Assets with or without home equity?
__________________
Rich
Tampa, FL (ESR-bound. Really. I mean it. Seriously.)
As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.
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01-01-2007, 08:17 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 4,461
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A home is an asset (and home equity is whatever's left after subtracting your mortgage liabilities).
Those pension value multipliers are suggestions assuming 30+ year payouts. If you want to refine those numbers, you might want to use Vanguard's annuity estimater to get a value specific to your pension terms.
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01-01-2007, 09:14 PM
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#5
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Full time employment: Posting here.
Join Date: Jan 2006
Posts: 539
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Quote:
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Originally Posted by wab
A home is an asset (and home equity is whatever's left after subtracting your mortgage liabilities).
Those pension value multipliers are suggestions assuming 30+ year payouts. If you want to refine those numbers, you might want to use Vanguard's annuity estimater to get a value specific to your pension terms.
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Maybe I wasn't clear with my question. I'm not questioning your formula. I am questioning whether you want, for example, a 55 yo person performing the calculation on his future (expected) SS?
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01-01-2007, 09:24 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 4,461
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Quote:
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Originally Posted by jdw_fire
Maybe I wasn't clear with my question. I'm not questioning your formula. I am questioning whether you want, for example, a 55 yo person performing the calculation on his future (expected) SS?
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I was trying to be evasive. 
Personally, I don't include social security in my net worth calculation, and I assume most people don't either. So, as long as I'm making up the rules:
4) Don't include social security
(Which opens a can of worms concerning the government pensions of those who didn't contribute to social security, but as long as nobody asks....)
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01-02-2007, 09:19 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,168
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Who's the wise guy/gal with more than $10 MM? 
__________________
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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01-02-2007, 09:22 AM
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#8
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Recycles dryer sheets
Join Date: May 2006
Posts: 174
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Quote:
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Originally Posted by Jay_Gatsby
Who's the wise guy/gal with more than $10 MM? |
Tom Buchanan?
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01-02-2007, 09:30 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Mississippi
Posts: 4,256
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Quote:
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Originally Posted by Jay_Gatsby
Who's the wise guy/gal with more than $10 MM? |
Awww shucks, your embarrassing me again. 
__________________
Full time wuss............
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01-02-2007, 10:33 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,897
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i'll let ya know after (if) the house sells
ps, who's the guy over $10mm. are you cute, single and at least bisexual?
__________________
"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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01-02-2007, 10:37 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 1,138
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Intresting question comes to mind for us singles. Do couples half the figure  I feel really good about where I am but I think in this type of poll singles are comparing a single apple to a bowl Dual income teams have a distinct advantage in both the FIRE & Networth equations. Just food for thought and not too sour of grapes! 
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01-02-2007, 10:48 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,141
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Quote:
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Originally Posted by Jay_Gatsby
Who's the wise guy/gal with more than $10 MM? |
Bill Gates is a lurker.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
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01-02-2007, 10:49 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: DFW
Posts: 6,334
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$10M is pocket change for ol' billy boy... :
__________________
Have Funds, Will Retire
"...but do feel free to assert your duly noted opinion on this subject again without benefit of reference or provision of additional information..."
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01-02-2007, 10:50 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 1,637
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Looks like the median is around $1.4 million 49 below, 50 above of 99 posters.
I wonder what the ER subset of this crowd would be? Those actually living on this sum after FIRE? Like us.
__________________
For the fun of it...Keith
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01-02-2007, 11:20 AM
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#15
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Moderator Emeritus
Join Date: Feb 2004
Location: Oahu
Posts: 17,531
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Quote:
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Originally Posted by lazygood4nothinbum
are you cute, single and at least bisexual?
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Three beers, right?
Quote:
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Originally Posted by kcowan
Looks like the median is around $1.4 million 49 below, 50 above of 99 posters.
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Lemme try to lower that a bit...
Quote:
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Originally Posted by kcowan
I wonder what the ER subset of this crowd would be? Those actually living on this sum after FIRE? Like us.
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For questions like that you have to start another poll!
__________________
*
*
For more info see "About Me" in my profile.
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01-02-2007, 12:07 PM
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#16
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Recycles dryer sheets
Join Date: Mar 2005
Posts: 342
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The wifes 25*pension really ups ours quite a bit. Ive been using her lump sum payout in my spreadsheet and there is a huge difference. Over 1 million
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01-02-2007, 02:49 PM
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#17
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Recycles dryer sheets
Join Date: Aug 2006
Posts: 317
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Messed up your poll by one person. I wonder how many others did this? I answered it before reading the rules. Didn't include the house nor the pension.
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01-02-2007, 04:04 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,897
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hey, if you're counting pensions, can we count (on) social security as part of our net worth? not that this pushes me into any higher bracket.
__________________
"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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01-02-2007, 04:15 PM
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#19
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Moderator Emeritus
Join Date: Aug 2006
Location: Greater Dayton area
Posts: 4,744
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Quote:
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Originally Posted by mountaintosea
Messed up your poll by one person. I wonder how many others did this? I answered it before reading the rules. Didn't include the house nor the pension. |
Same here.
Can the poll be changed to allow a vote change?
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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01-02-2007, 05:05 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 2,394
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I last did the NW calculation (according to GAAP) March 31, 2006. Quick calculation now indicates a 9 month increase of approximately four times what I spent in 2006. Time to stop obsessing and get on with life!
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