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Is there any thread or poll where we stand
Old 12-27-2016, 12:30 PM   #1
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Is there any thread or poll where we stand

I just have a question if you of an old thread that is about where the people that come here rank in wealth? Now I know this really is no one else's business and can be a very private matter. I was looing back but couldn't find an old thread on your NW or what your portfolio is worth excluding material things.

I know of another site and they have one each year and people are anonymous and it gives you an idea where you are at to others.

Thanks
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Old 12-27-2016, 12:59 PM   #2
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Here's a poll on net worth http://www.early-retirement.org/foru...oll-55244.html
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Old 12-27-2016, 01:16 PM   #3
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Thanks and interesting to see those numbers. I'm among the rich and the famous! Lol
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Old 12-27-2016, 01:18 PM   #4
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If you can figure out a way to define the terms ("net worth" seems to be especially slippery, just as an example), then I'm sure there would be a good level of participation.

The devil is in the details.
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Old 12-27-2016, 01:31 PM   #5
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And I don't believe the poll takes into account pensions, which have a big impact on spendable wealth.
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Old 12-27-2016, 04:08 PM   #6
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And I don't believe the poll takes into account pensions, which have a big impact on spendable wealth.
I figure my pension in my net worth. Mine has a lump sum value that I use. I plan on taking it as an annuity when I retire though.
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Old 12-27-2016, 04:28 PM   #7
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I love polls about net worth--most of the discussion start with how to define it and other terms, and we're off.
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Old 12-28-2016, 10:52 AM   #8
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Net worth is a simple calculation: assets - liabilities. Pension income should be looked at as part of cash flow and not a defined asset included in net worth, unless it has a lump sum option that can be defined.
Should I include future dividend payments in my net worth calculation, no. See the point?
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Old 12-28-2016, 11:12 AM   #9
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Net worth is a simple calculation
As a relative newcomer to this forum, I suspect you have no idea how many smiles that statement will provoke here.
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Old 12-28-2016, 11:13 AM   #10
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Originally Posted by braumeister View Post
As a relative newcomer to this forum, I suspect you have no idea how many smiles that statement will provoke here.
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Old 12-28-2016, 11:14 AM   #11
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Originally Posted by COcheesehead View Post
Net worth is a simple calculation: assets - liabilities. Pension income should be looked at as part of cash flow and not a defined asset included in net worth, unless it has a lump sum option that can be defined.
Should I include future dividend payments in my net worth calculation, no. See the point?
You should start a poll.
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Old 12-28-2016, 11:15 AM   #12
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You should start a poll.
I thought about it.
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Old 12-28-2016, 11:16 AM   #13
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As a relative newcomer to this forum, I suspect you have no idea how many smiles that statement will provoke here.
Maybe my fresh perspective is just want is needed around here.
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Old 12-28-2016, 11:24 AM   #14
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There are no more fresh perspectives left to be had.
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Old 12-28-2016, 11:33 AM   #15
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Maybe my fresh perspective is just want is needed around here.
You should start a poll on that too

Just kidding--fresh perspectives are good.
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Old 12-28-2016, 11:37 AM   #16
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There are no more fresh perspectives left to be had.
Well I can at least add my semi delusional ones then.
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Old 12-28-2016, 11:38 AM   #17
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Maybe my fresh perspective is just want is needed around here.
I've tried, many times, to teach people the definition of net worth, but on this forum it means whatever you want it to mean. I have given up.
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Old 12-28-2016, 11:39 AM   #18
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Originally Posted by COcheesehead View Post
Net worth is a simple calculation: assets - liabilities. Pension income should be looked at as part of cash flow and not a defined asset included in net worth, unless it has a lump sum option that can be defined.
Should I include future dividend payments in my net worth calculation, no. See the point?
LOL... Not only is pension one of the issues that gets discussed in detail whenever net worth comes up... don't forget primary homes, etc...

And definitely don't forget credit card points.
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Old 12-28-2016, 11:47 AM   #19
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i've tried, many times, to teach convince people to adopt the my definition of net worth, but on this forum it means whatever you want it to mean. I have given up.
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Old 12-28-2016, 11:59 AM   #20
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I've tried, many times, to teach people the definition of net worth, but on this forum it means whatever you want it to mean. I have given up.
I think people knew what net worth is, but they were trying to make the point that only investable assets are meaningful for the purpose of generating cash flow to maintain the existing lifestyle, and also to support the other "cash draining" assets.
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