Join Early Retirement Today
View Poll Results: At what age did your NW hit $1 M?
under 25 1 0.29%
26-30 7 2.01%
31-35 34 9.74%
36-40 63 18.05%
41-45 88 25.21%
46-50 60 17.19%
51-55 66 18.91%
56-60 20 5.73%
over 60 10 2.87%
Voters: 349. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 11-05-2014, 09:20 PM   #81
Thinks s/he gets paid by the post
MooreBonds's Avatar
 
Join Date: Aug 2004
Location: St. Louis
Posts: 2,091
Quote:
Originally Posted by Car-Guy View Post
A smart man only believes half of what he reads and hears, a wise man knows which half to believe.
...and the truly intelligent and learned person sees both the forest and individual trees - as well as the mountain and valley beyond.

You forget that virtually every single active poster on this forum is likely in the top 5% of net worth in the US for their age group - heck, probably irregardless of age! (for the Americans....and likely probably the same for our international posters).

Is it that surprising that of that select 5% subset, that a tiny % of that 5% would possibly be in a position to be in the 1% or higher for their age brackets?
__________________

__________________
Dryer sheets Schmyer sheets
MooreBonds is offline   Reply With Quote
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!

Old 11-05-2014, 09:47 PM   #82
Recycles dryer sheets
 
Join Date: Mar 2011
Location: Dallas
Posts: 457
1 year ago @ 43...up to 1.06mm now.
__________________

__________________
Surewhitey is offline   Reply With Quote
Old 11-05-2014, 09:55 PM   #83
Dryer sheet wannabe
 
Join Date: Sep 2014
Location: Las Vegas
Posts: 11
We hit it sometime last year 51 & 52 not counting RE. We r both cutting back to part time work in Jan '15......easing into ER.
__________________
Punxsyboy is offline   Reply With Quote
Old 11-05-2014, 10:23 PM   #84
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,128
Quote:
Originally Posted by Andre1969 View Post
Oh, I wouldn't worry about it. The fact that you're on this forum and have an early retirement mindset probably puts you ahead of a good 90% or more of the general population
I wouldn't worry about it either, VaCollector. One of the reasons I fairly often mention my WR and the relatively modest size of my portfolio is to help "represent", as the kids say. The average retiree here seems to have a portfolio of around $1M-$2M, perhaps with SS and/or a pension. Some of the ER's with smaller portfolios have a fair bit in the way of pensions and/or SS to make up for their smaller amount of invested assets. I don't feel that I am in any way "flying the flag" for ER's with modest portfolios, but I think we all benefit when there is as much transparency as possible in the forum.

Quote:
Originally Posted by Moemg View Post
I suspected as much when you did not buy the lighted toilet seat !
According to Walt, you can even get a heated toilet seat. Perhaps I'll treat myself to one of those when I pass the $1M mark!

And Mulligan - good thing I'm an INTJ/INFJ, or I might actually care about a possible exclusion from the Country Club. It's freeing not giving much of a hoot what others think
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Old 11-05-2014, 10:32 PM   #85
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,128
Quote:
Originally Posted by MichaelB View Post
Should we include the present value of all our future SS payments, along with any other pension?
In these kinds of polls, the tacit agreement seems to be that we don't. If there were a standardized way in which the present value of pensions and SS could be included, I'd be up for it. Anything to make mine look a bit bigger
__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Old 11-06-2014, 05:34 AM   #86
Full time employment: Posting here.
UnrealizedPotential's Avatar
 
Join Date: May 2014
Posts: 573
Quote:
Originally Posted by VaCollector View Post
I am always amazed at how truly rich and young a lot of the posters here are....and while I appreciate their successes, I can't be the only one here who might feel a little insecure or embarrassed by my lack of financial success
I would also like to say don't worry too much about it.This forum is supportive of everyone regardless if you have a million or not.I am 44 and I have 213k in investable assets.Am I ashamed or embarassed I don't have more?Not at all.Compounding effects will soon begin to take me to another level.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
UnrealizedPotential is offline   Reply With Quote
Old 11-06-2014, 05:58 AM   #87
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 1,668
Quote:
Originally Posted by NW-Bound View Post
Portfolio gaining 5x in 7 years! I am green with envy.

But if it involves putting it all in one stock, well, I am too chicken for that. And if it is about working for some companies for stock options, I am too old and tired for anybody to want me, and then I am also retired.

Darn, it's hard to keep up with the Jones when you have no earned income to buy stocks, let alone drawing down your stash for home repairs, buy health insurance, put gas in your motorhome. And then, I got reminded that I needed to halve my number because I am married. There goes the "multimillionaire" label.

I feel poor!

It was stock options and the gravy train ends next year, but no worries...we'll be fine.


Sent from my iPhone using Early Retirement Forum
__________________
Dash man is offline   Reply With Quote
Old 11-06-2014, 10:18 AM   #88
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,705
Send a message via Skype™ to kcowan
44
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 11-06-2014, 11:03 AM   #89
Recycles dryer sheets
 
Join Date: Jan 2014
Location: Austin
Posts: 494
53
__________________
ER'd 6/1/2014 @ age 53. AA=70/30, WR=3%
Looking4Ward is offline   Reply With Quote
Old 11-06-2014, 02:09 PM   #90
Recycles dryer sheets
pullmyfinger's Avatar
 
Join Date: Jun 2008
Location: Redmond
Posts: 253
38
__________________
pullmyfinger is offline   Reply With Quote
Old 11-06-2014, 02:10 PM   #91
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,812
Quote:
Originally Posted by Car-Guy View Post
A smart man only believes half of what he reads and hears, a wise man knows which half to believe.
Couldn't help thinking of:

Quote:
People say believe half of what you see,
son, and none of what you hear.
....
Don't you know...
I heard it through the grapevine
__________________
Independent is offline   Reply With Quote
Old 11-06-2014, 06:18 PM   #92
Thinks s/he gets paid by the post
 
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,571
Mid-30s .... several times
__________________
Budgeting is a skill practised by people who are bad at politics.
traineeinvestor is offline   Reply With Quote
Old 11-06-2014, 06:42 PM   #93
gone traveling
 
Join Date: Sep 2013
Posts: 1,248
It does not matter. What I will say are:

20's was important time to get education and find good spouse.
30's was important time to lay down investment foundations/pay off house.
40's was important for very very rapid growth of NW.
50's I don't know.....I will start them soon. I think finish rapid Net Worth growth and
transition to RE.
__________________
eta2020 is offline   Reply With Quote
Old 11-06-2014, 06:51 PM   #94
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,391
For me, early 50s is the time to put kids through college. Late 50s is the time to travel, to RV! Early 60s may be more of the same, until the late 60s, when you want to just sit in a rocking chair in the front porch, tending your petunias?
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Old 11-06-2014, 07:13 PM   #95
Thinks s/he gets paid by the post
gauss's Avatar
 
Join Date: Aug 2011
Posts: 1,708
Interesting shape of curve forming with peaks in early forties and also early fifties. Explanation?

Those with and without children perhaps?

-gauss
__________________
gauss is offline   Reply With Quote
Old 11-06-2014, 07:29 PM   #96
Thinks s/he gets paid by the post
 
Join Date: Jan 2014
Posts: 1,317
Quote:
Originally Posted by gauss View Post
Interesting shape of curve forming with peaks in early forties and also early fifties. Explanation?

Those with and without children perhaps?

-gauss
Divorce??
__________________
splitwdw is offline   Reply With Quote
Old 11-06-2014, 07:29 PM   #97
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,988
Quote:
Originally Posted by gauss View Post
Interesting shape of curve forming with peaks in early forties and also early fifties. Explanation?

Those with and without children perhaps?

-gauss
Or perhaps dual-income families vs single-income? (I'm not sure that everyone is dividing NW by 2 if they're in dual-income situations.)


omni
__________________
omni550 is offline   Reply With Quote
Old 11-06-2014, 07:37 PM   #98
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 1,988
Quote:
Originally Posted by gauss View Post
Interesting shape of curve forming with peaks in early forties and also early fifties. Explanation?

Those with and without children perhaps?

-gauss
Or it might also be generation-related. It seems as though younger people are achieving higher salaries at younger ages than their immediate predecessors.


omni
__________________
omni550 is offline   Reply With Quote
Old 11-06-2014, 07:42 PM   #99
Recycles dryer sheets
 
Join Date: Feb 2013
Posts: 186
I'm at about $260K at 25. Based on my extremely conservative projections, I should hit $1m (in today's dollars) by 40-43.

But I'm willing to bet I'll hit it a lot sooner (in today's dollars).

The big challenge for me will be staying the course. It's tough disciplining myself now with my modest portfolio (compared to you all). I can't imagine what it will be like when I'm 30-35 and my portfolio is much larger.

By the time I'm 35 given my predicted portfolio value, it be much more challenging for me to tolerate BS. However, given my young age and (predicted) young ER (anywhere from 40-50??), I try and focus on developing myself as a person (outside of work) so I can figure out what's important to me in life, besides my job and career, since I'll have so much free time in the future.

This is not to say I don't work hard or care about work - I do - but I try and leave work at the office and focus on developing myself more in my free time with positive reinforcements/relationships in life.
__________________
younginvestor2013 is offline   Reply With Quote
Old 11-06-2014, 07:46 PM   #100
Dryer sheet aficionado
 
Join Date: Feb 2014
Location: Austin
Posts: 37
42


Sent from my iPhone using Early Retirement Forum
__________________

__________________
Downtown is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Age FIRE became a priority UnrealizedPotential FIRE and Money 72 12-30-2014 12:52 AM
So, do you feel your age? Act your age? Like your age? vickko Life after FIRE 84 04-10-2010 02:47 PM
What Ever Became of Men's Groups? haha Other topics 58 05-20-2008 11:27 AM
How Many Know Someone Who Retired Then Became Seriously Ill Or Died? mountaintosea Health and Early Retirement 37 02-06-2007 11:44 PM
How Google almost became a Mutual Fund mickeyd Other topics 0 09-19-2006 03:08 PM

 

 
All times are GMT -6. The time now is 04:49 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.