Recent content by WRBT

http://finance.myway.com/jsp/nw/nwdt_rt_top.jsp?news_id=ap-d8ov1k780& Her 29-year-old daughter, a graduate student with an annual income of less than $20,000, qualified for a mortgage of $600,000 with no money down, split into two different loans at 8.75 percent and 12.5 percent interest rates...

We downsized and love it. 2 BR townhome paid off with equity from sale of big house, taxes ony $900 annually, easy upkeep, end unit with windows on three sides.

Ah yeah there was a classic one where a guy realized thousands of people from myspace were sucking his bandwidth by using an image he hosted so he replaced it with an extremely foul image that I won't even describe. Truly hilarious read = http://ascii.textfiles.com/archives/000278.html

Our biggest difference compared to others in same income range has always been the cars. Software engineer and attorney, completely content with a 98 Corolla and 99 CRV. We've had coworkers and neighbors go thru 2-3 new cars in the time we've had these... and when I think about how much a...

I remember when still had wife's student loans so the milestone was a positive net worth.

sure there is costco you just have to be willing to walk around and accept limited choice :)

Owe $3700. We claim 0 but two good earners no mortgage no kids no nuthin. When I saw total I went into HR office and had an additional $100 taken withheld paycheck, that should get us closer.

Does this include taking on a mortgage to buy a home? Few have earned enough to buy one outright, and they want the instant gratification of having one.

Eh?

Figuring on a real 8% (as in assuming <>3% inflation erosion) seems a tad aggressive. Overly simplified method = calculate annual increases over inflation so you get some results in today's dollars and do the math: Starting with 500k, gaining 4%annually over COL: 1 520000 2 540800 3 562432 4...

Exactly. I'm none of those professions, and realize there are bad people in all of them, but still couldn't imagine professing a blanket hate for any group of millions like that.

I don't get it. When you say you hate a profession like lawyers, profession, or politicians do you mean you hate profession itself or hate everyone in it? If you hate the profession then you're saying our lives would be better with no representation on any legal matters, no doctors to treat...

When I look at these net worth stats broken out by age I'm always trying to enjoy the fat days while I'm in them. I'm 38, and at or near the highest tiers for the 30s age group... but two years from now when I'm in the 40s bracket I'm suddenly not as elite. :(

and.... good luck with everything

I second Charles' advice... get home equity lines right now while you can still write an employer and salary on the form.