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View Poll Results: Estimate Your Current Net Worth
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Negative
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1 |
0.56% |
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0 - 25,000
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0 |
0% |
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25,000 - 50,000
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2 |
1.12% |
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50,000 - 100,000
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2 |
1.12% |
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100,000 - 200,000
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7 |
3.91% |
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200,000 - 300,000
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3 |
1.68% |
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300,000 - 400,000
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9 |
5.03% |
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400,000 - 500,000
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10 |
5.59% |
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500,000 - 600,000
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7 |
3.91% |
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600,000 - 700,000
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11 |
6.15% |
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700,000 - 800,000
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15 |
8.38% |
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800,000 - 900,000
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6 |
3.35% |
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900,000 - 1,000,000
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8 |
4.47% |
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1,000,000 - 1,250,000
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13 |
7.26% |
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1,250,000 - 1,500,000
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20 |
11.17% |
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1,500,000 - 1,750,000
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11 |
6.15% |
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1,750,000 - 2,000,000
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9 |
5.03% |
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2,000,000 - 2,250,000
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8 |
4.47% |
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2,250,000 - 2,500,000
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7 |
3.91% |
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2,500,000 - 2,750,000
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6 |
3.35% |
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2,750,000 - 3,000,000
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4 |
2.23% |
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3,000,000 - 3,250,000
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2 |
1.12% |
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3,250,000 - 3,500,000
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2 |
1.12% |
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3,500,000 - 3,750,000
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0 |
0% |
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3,750,000 - 4,000,000
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1 |
0.56% |
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4,000,000 - 4,250,000
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4 |
2.23% |
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4,250,000 - 4,500,000
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2 |
1.12% |
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4,500,000 - 4,750,000
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0 |
0% |
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4,750,000 - 5,000,000
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3 |
1.68% |
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5,000,000 - 6,000,000
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4 |
2.23% |
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6,000,000 - 7,000,000
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0 |
0% |
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7,000,000 - 8,000,000
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0 |
0% |
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8,000,000 - 9,000,000
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2 |
1.12% |
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9,000,000 - 10,000,000
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0 |
0% |
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New Improved 2005 ER Forum Current Net Worth Survey
11-17-2005, 06:30 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Minnehaha
Posts: 2,309
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It's Back.
The 2005 ER Forum Current Net Worth Survey
__________________
"Stillness is the language that God speaks. Everything else is a bad translation." See 'About Me' in my profile
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 07:54 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,168
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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
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 07:55 AM
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#3
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Full time employment: Posting here.
Join Date: Oct 2002
Posts: 513
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 Quote:
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Originally Posted by Jay_Gatsby
We've got someone in the $8-9MM range? |
Right and they are on dial up too !
__________________
"In today's regulatory environment, it's virtually impossible to violate rules." - Bernie Madoff, October, 2007
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 08:35 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 1,466
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Quote:
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Originally Posted by DanTien
It's Back.
The 2005 ER Forum Current Net Worth Survey
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Geez Louise DT, how long did it take you to create this long a$$ list?
__________________
fuzzy? cute?
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 08:52 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,919
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Do you include your principal residence in your net worth or not ?
Maybe a definition of net worth would be appropriate first.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 09:11 AM
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#6
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 11,729
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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.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 09:12 AM
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#7
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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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assets - liabilities = net worth, in my case
__________________
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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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 09:17 AM
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#8
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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 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...
__________________
*
*
For more info see "About Me" in my profile.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 09:27 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Posts: 1,168
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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
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 09:52 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,919
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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 ?
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 09:56 AM
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#11
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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 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 ?
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Here we go again...
Do you suppose that MBA universities encounter these discussions in their finance classes?
__________________
*
*
For more info see "About Me" in my profile.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 10:06 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Quote:
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Do you suppose that MBA universities encounter these discussions in their finance classes?
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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.....
__________________
- Hurry! to the cliffs of insanity!
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 11:33 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Minnehaha
Posts: 2,309
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Quote:
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Originally Posted by cube_rat
Geez Louise DT, how long did it take you to create this long a$$ list?
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 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 : 
__________________
"Stillness is the language that God speaks. Everything else is a bad translation." See 'About Me' in my profile
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 12:08 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Minnehaha
Posts: 2,309
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Quote:
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Originally Posted by MasterBlaster
Maybe a definition of net worth would be appropriate first.
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:P 
__________________
"Stillness is the language that God speaks. Everything else is a bad translation." See 'About Me' in my profile
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 12:15 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 9,991
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Quote:
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Originally Posted by Nords
Here we go again...
Do you suppose that MBA universities encounter these discussions in their finance classes?
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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.
__________________
"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 12:28 PM
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#16
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 11,729
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Still, I think it is rare that net worth calculations include the present value of a pension. Instead, you need less net worth because you have a pension. But then again, the present value of an annuity is generally considered part of net worth. . .
This is my banker client talking.
__________________
.
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.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 01:10 PM
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#17
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Moderator Emeritus
Join Date: Jul 2005
Posts: 2,674
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WoW,* over 50% (so far) have $1M plus and 10% have $4M or more.*
The person with $8-9M better be retired and living on a tropical island or I am really going to lose my respect for that kind of money.* *
__________________
Work? I don't have time to work....I'm retired.
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 02:48 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 1,792
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WOO-HOO...IM THE LOWEST SO FAR ON THE TOTEM POLE...MAYBE THE YOUNGEST TOO...
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 02:50 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,009
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Quote:
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Originally Posted by thefed
WOO-HOO...IM THE LOWEST SO FAR ON THE TOTEM POLE...MAYBE THE YOUNGEST TOO...
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Thank you for making me not be the poorest person on this board. Or youngest...
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Re: The New Improved 2005 ER Forum Current Net Worth Survey
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11-17-2005, 02:51 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,612
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Quote:
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Originally Posted by MasterBlaster
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 ?
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Streams of income, even at net present value are not part of your net worth. *Neither are medical benefits.
Net worth = Assets - Liabilities
Streams of income and benefits are not assets.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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