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View Poll Results: What's your new net worth?
< 0 2 0.74%
< 100K 1 0.37%
< 250K 9 3.31%
< 500K 25 9.19%
< 750K 28 10.29%
< 1 Million 33 12.13%
< 1.5M 58 21.32%
< 2M 34 12.50%
< 2.5M 30 11.03%
< 3M 16 5.88%
< 4M 15 5.51%
< 5M 12 4.41%
< 10M 6 2.21%
>= 10M 3 1.10%
Voters: 272. You may not vote on this poll

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Net Worth 2007
Old 01-01-2007, 07:55 PM   #1
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Net Worth 2007

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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Re: Net Worth 2007
Old 01-01-2007, 08:05 PM   #2
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Re: Net Worth 2007

Quote:
Originally Posted by wab

1) Calculate assets - liabilites + (25 * COLA'd annual pension) + (15 * non-COLA'd annual pension)
Do we do the pension calculation only on pensions we are currently receiving or on anticipated pensions (eg. SS) also?
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Re: Net Worth 2007
Old 01-01-2007, 08:12 PM   #3
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Re: Net Worth 2007

Assets with or without home equity?
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Re: Net Worth 2007
Old 01-01-2007, 08:17 PM   #4
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Re: Net Worth 2007

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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Re: Net Worth 2007
Old 01-01-2007, 09:14 PM   #5
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Re: Net Worth 2007

Quote:
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.
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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Re: Net Worth 2007
Old 01-01-2007, 09:24 PM   #6
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Re: Net Worth 2007

Quote:
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?
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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Re: Net Worth 2007
Old 01-02-2007, 09:19 AM   #7
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Re: Net Worth 2007

Who's the wise guy/gal with more than $10 MM?
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Re: Net Worth 2007
Old 01-02-2007, 09:22 AM   #8
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Re: Net Worth 2007

Quote:
Originally Posted by Jay_Gatsby
Who's the wise guy/gal with more than $10 MM?
Tom Buchanan?
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Re: Net Worth 2007
Old 01-02-2007, 09:30 AM   #9
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Re: Net Worth 2007

Quote:
Originally Posted by Jay_Gatsby
Who's the wise guy/gal with more than $10 MM?
Awww shucks, your embarrassing me again.
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Re: Net Worth 2007
Old 01-02-2007, 10:33 AM   #10
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Re: Net Worth 2007

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?
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Re: Net Worth 2007
Old 01-02-2007, 10:37 AM   #11
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Re: Net Worth 2007

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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Re: Net Worth 2007
Old 01-02-2007, 10:48 AM   #12
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Re: Net Worth 2007

Quote:
Originally Posted by Jay_Gatsby
Who's the wise guy/gal with more than $10 MM?
Bill Gates is a lurker.
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Re: Net Worth 2007
Old 01-02-2007, 10:49 AM   #13
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Re: Net Worth 2007

$10M is pocket change for ol' billy boy... :
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Re: Net Worth 2007
Old 01-02-2007, 10:50 AM   #14
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Re: Net Worth 2007

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.
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Re: Net Worth 2007
Old 01-02-2007, 11:20 AM   #15
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Re: Net Worth 2007

Quote:
Originally Posted by lazygood4nothinbum
are you cute, single and at least bisexual?
Three beers, right?

Quote:
Originally Posted by kcowan
Looks like the median is around $1.4 million 49 below, 50 above of 99 posters.
Lemme try to lower that a bit...

Quote:
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.
For questions like that you have to start another poll!
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Re: Net Worth 2007
Old 01-02-2007, 12:07 PM   #16
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Re: Net Worth 2007

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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Re: Net Worth 2007
Old 01-02-2007, 02:49 PM   #17
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Re: Net Worth 2007

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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Re: Net Worth 2007
Old 01-02-2007, 04:04 PM   #18
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Re: Net Worth 2007

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.
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Re: Net Worth 2007
Old 01-02-2007, 04:15 PM   #19
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Re: Net Worth 2007

Quote:
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?
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Re: Net Worth 2007
Old 01-02-2007, 05:05 PM   #20
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Re: Net Worth 2007

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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