New Improved 2005 ER Forum Current Net Worth Survey

Danny · 11-17-2005, 06:30 AM

It's Back.
The 2005 ER Forum Current Net Worth Survey

Jay_Gatsby · 11-17-2005, 07:54 AM

We've got someone in the $8-9MM range?

frayne · 11-17-2005, 07:55 AM

Quote:

Originally Posted by Jay_Gatsby

We've got someone in the $8-9MM range?

Right and they are on dial up too !

cube_rat · 11-17-2005, 08:35 AM

Quote:

Originally Posted by DanTien

It's Back.
The 2005 ER Forum Current Net Worth Survey

Geez Louise DT, how long did it take you to create this long a$$ list?

MasterBlaster · 11-17-2005, 08:52 AM

Do you include your principal residence in your net worth or not ?

Maybe a definition of net worth would be appropriate first.

**Martha** · 11-17-2005, 09:11 AM

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.

HFWR · 11-17-2005, 09:12 AM

assets - liabilities = net worth, in my case

Nords · 11-17-2005, 09:17 AM

Quote:

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...

Jay_Gatsby · 11-17-2005, 09:27 AM

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).

MasterBlaster · 11-17-2005, 09:52 AM

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 ?

Nords · 11-17-2005, 09:56 AM

Quote:

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 ?

Here we go again...

Do you suppose that MBA universities encounter these discussions in their finance classes?

maddythebeagle · 11-17-2005, 10:06 AM

Quote:

Do you suppose that MBA universities encounter these discussions in their finance classes?

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.....

Danny · 11-17-2005, 11:33 AM

Quote:

Originally Posted by cube_rat

Geez Louise DT, how long did it take you to create this long a$$ list?

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

Danny · 11-17-2005, 12:08 PM

Quote:

Originally Posted by MasterBlaster

Maybe a definition of net worth would be appropriate first.

:P

brewer12345 · 11-17-2005, 12:15 PM

Quote:

Originally Posted by Nords

Here we go again...

Do you suppose that MBA universities encounter these discussions in their finance classes?

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.

View Poll Results: Estimate Your Current Net Worth
Negative	1	0.56%
0 - 25,000	0	0%
25,000 - 50,000	2	1.12%
50,000 - 100,000	2	1.12%
100,000 - 200,000	7	3.91%
200,000 - 300,000	3	1.68%
300,000 - 400,000	9	5.03%
400,000 - 500,000	10	5.59%
500,000 - 600,000	7	3.91%
600,000 - 700,000	11	6.15%
700,000 - 800,000	15	8.38%
800,000 - 900,000	6	3.35%
900,000 - 1,000,000	8	4.47%
1,000,000 - 1,250,000	13	7.26%
1,250,000 - 1,500,000	20	11.17%
1,500,000 - 1,750,000	11	6.15%
1,750,000 - 2,000,000	9	5.03%
2,000,000 - 2,250,000	8	4.47%
2,250,000 - 2,500,000	7	3.91%
2,500,000 - 2,750,000	6	3.35%
2,750,000 - 3,000,000	4	2.23%
3,000,000 - 3,250,000	2	1.12%
3,250,000 - 3,500,000	2	1.12%
3,500,000 - 3,750,000	0	0%
3,750,000 - 4,000,000	1	0.56%
4,000,000 - 4,250,000	4	2.23%
4,250,000 - 4,500,000	2	1.12%
4,500,000 - 4,750,000	0	0%
4,750,000 - 5,000,000	3	1.68%
5,000,000 - 6,000,000	4	2.23%
6,000,000 - 7,000,000	0	0%
7,000,000 - 8,000,000	0	0%
8,000,000 - 9,000,000	2	1.12%
9,000,000 - 10,000,000	0	0%
Voters: 179. You may not vote on this poll

11-17-2005, 06:30 AM	#1
Danny Thinks s/he gets paid by the post Join Date: Jul 2005 Location: Minnehaha Posts: 1,999	New Improved 2005 ER Forum Current Net Worth Survey It's Back. The 2005 ER Forum Current Net Worth Survey __________________ Danny's Waking Up To Another Beautiful Day Danny's American Diners Drive-ins Roadhouses Joints & Dives Waking Up With Nothing To Do...Trying My Very Best To Get It All Done Each and Everyday Golden Rule and Good Actions = Good Results

11-17-2005, 07:54 AM	#2
Jay_Gatsby Thinks s/he gets paid by the post Join Date: Oct 2004 Posts: 1,101	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

11-17-2005, 08:52 AM	#5
MasterBlaster Thinks s/he gets paid by the post Join Date: Jun 2005 Posts: 1,777	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.

11-17-2005, 09:11 AM	#6
Martha Moderator Join Date: Feb 2004 Location: minnesota Posts: 9,798	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. __________________ . Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.

11-17-2005, 09:12 AM	#7
HFWR Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: May 2005 Location: DFW Posts: 5,414	Re: The New Improved 2005 ER Forum Current Net Worth Survey assets - liabilities = net worth, in my case __________________ Have Funds, Will Retire Two turntables and a microphone...

11-17-2005, 09:27 AM	#9
Jay_Gatsby Thinks s/he gets paid by the post Join Date: Oct 2004 Posts: 1,101	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

11-17-2005, 09:52 AM	#10
MasterBlaster Thinks s/he gets paid by the post Join Date: Jun 2005 Posts: 1,777	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 ?