New Improved 2005 ER Forum Current Net Worth Survey

[LOL!]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

It's interesting to me that the two sub-million slots in the poll have fewer votes than the slots to either side. I wonder if this is because when one gets close to a million perceived net worth, that you consciously try to save or invest more and spend less in order to push oneself into the millionaire category?

 

[Niko]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

It's interesting to me that the two sub-million slots in the poll have fewer votes than the slots to either side. I wonder if this is because when one gets close to a million perceived net worth, that you consciously try to save or invest more and spend less in order to push oneself into the millionaire category?

My guess is that we just don't have a large enough sampling to make any definite conclusions.

 

[astromeria]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

My guess is that we just don't have a large enough sampling to make any definite conclusions.

It would also be more illuminating to correlate the data to age or to retired vs working/working spouse status. Having a million bucks at age 50 and still working is different from having the same at age 50 and FIREd (no longer adding to the kitty except through unearned income). However, I found it fascinating as is--thanks for putting up and participating in the poll.

 

[Mr._johngalt]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

Your house and the pencil on your desk are both assets, but neither may provide a stream of income in the future to you unless you sell or rent the pencil or house.

I disagree (for several reasons). Anyway, you CAN sell the pencil
or the house, or your toaster, snow shovel, floor lamp,
dishes, dog crate, typewriter, chain saw, garbage pails,
etc etc etc ...............

JG

 

[REWahoo]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

I disagree (for several reasons). Anyway, you CAN sell the pencil
or the house, or your toaster, snow shovel, floor lamp,
dishes, dog crate, typewriter, chain saw, garbage pails,
etc etc etc ...............

JG

Hello JG.

Guess you found your eyeglasses...

http://early-retirement.org/forums/index.php?board=5;topic=4897.13#msg85507

 

[73ss454]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

HEEEERRRRRRRRRRRREE's    JONNNNNNNNNY!!!!!

 

[Danny]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

John Boy! .. You're just in time for dinner! Where's Lassie?

 

[retire@40]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

I disagree (for several reasons).  Anyway, you CAN sell the pencil
or the house, or your toaster, snow shovel, floor lamp,
dishes, dog crate, typewriter, chain saw, garbage pails,
etc etc etc ...............

JG

I never said you couldn't. Plus, I have no idea what you're disagreeing with.

 

[sgeeeee]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

My guess is that we just don't have a large enough sampling to make any definite conclusions.

That's not true. I've looked at this graph long enough to conclude that I need another glass of wine.

 

[73ss454]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

That's not true.  I've looked at this graph long enough to conclude that I need another glass of wine.   

I've looked at it long enough to conclude I need to work longer.

Rats!

 

[sgeeeee]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

I've looked at it long enough to conclude I need to work longer.

Rats!

Well that's never a good thing. Have you tried looking at it with your head tilted?

 

[73ss454]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

No, but I think I'll also try some more wine and look at it tomorrow.  Maybe by standing on my head it will look better.

 

[Danny]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

I'd like to suggest one more survey . . . one that might actually be more relevant than a "net worth" survey. How about a survey comparing "cash flow" in 2005 dollars. I suggest that "retirement cash flow" be computed as follows: (investment net worth) x (fixed percentage (say 7.5% or whatever is reasonable)) + pension payments + social security payments + any other regular income payments = "retirement cash flow". This survey would factor out the house (and other non-income generating assets) in the net worth equation and give a clearer picture of how much income the retirees & retiree-wantabees in this forum have to fund their ER plans and dreams. I'd suggest sticking with the same fixed percentage for everyone for the "investment net worth" component so that we are comparing "apples & apples". Any one interested?

Robert

I would like it if you accepted this assignment and have it ready by the end of the day on Sunday. This will equal 40% of your grade and could get you a traineeship.....with....me.

 

[73ss454]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

Ya know, she wouldn't be so bad if she kept her mouth shut!

 

[haha]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

Ya know, she wouldn't be so bad if she kept her mouth shut!

Yep, the mouth is downright frightening.

Ha

 

[retire@40]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

Honestly, I'd rather see the pig or skunk.

 

[Nords]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

... and could get you a traineeship with this woman.

Doing what? You say that as if it's a good thing...

 

[Danny]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

Doing what? You say that as if it's a good thing...

...determining her cash flow...if the poll is good he stays with us, if not we send him to her for her dinner...

I would like it if you accepted this assignment and have it ready by the end of the day on Sunday. This will equal 40% of your grade and could get you a traineeship with this woman.

 

[wabmester]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

With a 150 responses, here's the average size of a nest egg around here (using the lower end of the brackets):

$1,436,333.33

 

[boont]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

I don't know why anyone would exclude the current value of a yearly pension in net worth. It can be easily calculated and it can be easily monitized.

I have turned 10 year leases into current value cash and I could turn my pension into current value cash today if I wanted to.

It should be included in net worth just like any other triple net lease you have an interest in.

b.

 

[Chaps]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

I don't know why anyone would exclude the current value of a yearly pension in net worth. It can be easily calculated and it can be easily monitized.

I have turned 10 year leases into current value cash and I could turn my pension into current value cash today if I wanted to.

It should be included in net worth just like any other triple net lease you have an interest in.

b.

If it has a cash value to your heirs then I would have to agree. If it evaporates the minute you drop dead then it wouldn't be an asset IMO.

 

[Mr._johngalt]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

With a 150 responses, here's the average size of a nest egg around here (using the lower end of the brackets):

$1,436,333.33

Wow!

JG

 

[lazyday]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

Wow!

JG

You could feed a small town of John Galts with that!

 

[Martha]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

With a 150 responses, here's the average size of a nest egg around here (using the lower end of the brackets):

$1,436,333.33

Median looks to be in the $1,000,000 to $1,250,000 range. Come on nerds, what is the standard deviation?

 

[Jarhead*]

Re: The New Improved 2005 ER Forum Current Net Worth Survey

Considering that the average age is on the "young side" on this board, and also the lions share of posters are in "tech" fields, it appears to me that you guys and gals picked the right field at the right time.

l. Don't lose it.

2. Take care of yourself, so you have plenty of time to enjoy it.

Very impressive, indeed.