2006 ER Forum Current Net Worth Survey

[Danny]

8)

Your second chance if you left something out the last time
OR
If your Net Worth has changed (Hopefully for the better)
OR
If you didn't look closely enough and picked the wrong one last time
OR
You were lying the last time and you want to be honest with us and yourself this time
OR
You were honest the last time and well you feel like lying this time because you is a natural born liar that's just a joke hehehe!
OR
You're new and want to join in the fun and games
OR
You're old and want to join in the fun and games
OR
You got confused last time by the present value of this and that and now you know what you're truly worth give or take 25k - 100k - but you know deep down that true worth and happiness can not be measured by $$$ - but what the heck you want to figure it out anyway.

This is not meant to supplant replant or displant Rich's excellent thread "Whatcha worth?" - his is much easier to read. Mine tends to require too much squinting and is for those who require maybe too much detail (me).

 

[Calgary_Girl]

Re: New 2006 ER Forum Current Net Worth Survey

Our net worth is just $9K short of $1 million.

Our goal for the end of 2006 was for the net worth to hit $975K since the baby is due in 2 weeks and I have a feeling is going to be quite expensive I'm happy that we're ahead of the game at this stage

 

[wildcat]

Re: New 2006 ER Forum Current Net Worth Survey

You all have too much friggin money - I'm jealous

 

[Danny]

Re: New 2006 ER Forum Current Net Worth Survey

Rich_In_Tampa - forgive me for polling-in. I've been itching to do another one of these and well in the words of Bridget "I'm a poller Mr. Spade, I've always been a poller"

 

[SteveR]

Re: New 2006 ER Forum Current Net Worth Survey

Rich_In_Tampa - forgive me for polling-in. I've been itching to do another one of these and well in the words of Bridget "I'm a poller Mr. Spade, I've always been a poller"

DanTien,

You crack me up.

 

[Rich_by_the_Bay]

Re: New 2006 ER Forum Current Net Worth Survey

Rich_In_Tampa - forgive me for polling-in. I've been itching to do another one of these and well in the words of Bridget "I'm a poller Mr. Spade, I've always been a poller"

Not a problem.

We could have a poll on what polls to use to see which poll we should use 8)...

 

[cute fuzzy bunny]

Re: New 2006 ER Forum Current Net Worth Survey

I'd like to use a pole in this case...

 

[Danny]

Re: New 2006 ER Forum Current Net Worth Survey

I'd like to use a pole in this case...

: Fuzzy this is how I picture you Turn your sound on...
http://www.humorheights.com/index.php?action=showpic&cat=9&pic=551

 

[cute fuzzy bunny]

Re: New 2006 ER Forum Current Net Worth Survey

I was almost afraid to click on it.

The girl, the guy, the pole or the mp3 player?

 

[Danny]

Re: New 2006 ER Forum Current Net Worth Survey

I was almost afraid to click on it.

The girl, the guy, the pole or the mp3 player?

Yes,no,yes,no yes

 

[Spanky]

Re: New Improved 2006 ER Forum Current Net Worth Survey

European commericals have always been my favorites. It was a culture shock returning to the U.S..

 

[GTM]

Re: New Improved 2006 ER Forum Current Net Worth Survey

8)

Your second chance if you left something out the last time
OR
If your New Worth has changed (Hopefully for the better)
OR
If you didn't look closely enough and picked the wrong one last time
OR
You were lying the last time and you want to be honest with us and yourself this time
OR
You were honest the last time and well you feel like lying this time because you is a natural born liar
OR
You're new and want to join in the fun and games
OR
You're old and want to join in the fun and games
OR
You got confused last time by the present value of this and that and now you know what you're truly worth give or take 25k - 100k - but you know deep down that true worth and happiness can not be measured by $$$ - but what the heck you want to figure it out anyway.

It may be helpful it was noted whether one was already in ER or still working.

If still working net worth has a greater chance of growing.

 

[Danny]

Re: New Improved 2006 ER Forum Current Net Worth Survey

It may be helpful it was noted whether one was already in ER or still working.

If still working net worth has a greater chance of growing.

Here's something GTM, don't know if it fits what you're looking for - it can get more than just a wee bit complex
http://early-retirement.org/forums/index.php?topic=4909.0
http://early-retirement.org/forums/index.php?topic=4910.0
http://early-retirement.org/forums/index.php?topic=4901.0
http://early-retirement.org/forums/index.php?topic=4971.0

 

[2B]

Re: New Improved 2006 ER Forum Current Net Worth Survey

Is this net worth in US, Canadian or Hong Kong dollars?

 

[Danny]

Re: New Improved 2006 ER Forum Current Net Worth Survey

Is this net worth in US, Canadian or Hong Kong dollars?

Oh, that's a good point Soon....
Since the forum for the time being is overwhelmingly US based, I would suggest if you are holding something other than US dollars....you should figure out what the US $ value is...or not

Where we live
http://early-retirement.org/forums/index.php?topic=4458.0

Where we want to live
http://early-retirement.org/forums/index.php?topic=4472.0

 

[Zipper]

Re: New Improved 2006 ER Forum Current Net Worth Survey

All things considered, I think a Canadian @$50 000 and an American @$50 000 would be comparable.

A Canadian @ $30 000 is probably better off than an American, but Americans @$100 000 and up are definitely better off.

 

[Danny]

Re: New Improved 2006 ER Forum Current Net Worth Survey

Has anyone seen a change since last year's survey...
We're about the same.

 

[Danny]

Re: New Improved 2006 ER Forum Current Net Worth Survey

http://hearthereeverywhere.blogspot.com/2007/03/does-money-make-you-happier-up-to-point.html

 

[ESRBob]

Re: New Improved 2006 ER Forum Current Net Worth Survey

I'm having this conversation with my 14 year old -- he has realized that the perfect way to get at Dad's buttons is to buy new consumer electronic gadgets with shocking frequency and little real research. ERs with teenagers on the way, beware this could be your own private hell brewing!

Problem is the kid has enough money earned from various sources to now be able to splash out for a new palm or pocket PC once a year, and accessories along the way. He would rather get a job this summer than go on vacations, camps or anything else. Why? More $ for more gadgets.

He is no happier, in fact unhappy each time he buys a new one and six months later finds another kid has one even cooler, or a new feature has come out or whatever. I worry he's going to be stuck on a hedonistic treadmill too, but the more I jabber at him about it, the more determined he is that he'll do it just to prove he's not like me! Oh well!

 

[Danny]

Bob - This sounds so familiar!
We think the kids are absorbing our messages - our words and actions - and then when they're older they start to own some of those messages.
3 weeks ago our 24 year old, who has been a tech gadget junkie, and had been lusting after a new notebook, said that he wasn't that hot on it anymore, that the computer he had already was doing the job, he would rather save the money and that he felt like he was becoming more and more like me.

 

[Nords]

Re: New Improved 2006 ER Forum Current Net Worth Survey

I'm having this conversation with my 14 year old -- he has realized that the perfect way to get at Dad's buttons is to buy new consumer electronic gadgets with shocking frequency and little real research.  ERs with teenagers on the way, beware this could be your own private hell brewing!

Ah yes, we've gone through this with the music player.

Which is kinda ironic considering that our kid can't stand classic rock the kind of crap she listens to. She knows from TV commercials that if she buys her iPod and uses iTunes that she'll look like MasterBlaster's avatar. (Not, of course, that I'm implying she won't look like that anyway when she turns 18.) So she was willing to cash in all her birthday, holiday, & job money to "do it right".

We kept up the "I don't know, I'm kind of worried that iPods have problems" or "Have you figured out how to use iTunes yet?" or "What does the CNET review say?" and dragged her through consumer hell by her earlobes. (OTOH she used iTunes to cut a few new "Best Of" CDs for her mother, so she's learning something from the experience.) She started browsing music/video websites (avenged herself by sending me to spyware hell) and got enough of a fix to put the project on hold for a while. Besides she didn't want to walk the three miles to Wal-Mart and at the time she didn't have a credit card for Internet purchases.

A month later she got the screaming green gimmes, figured out the different types of players available, and bought herself a $30 personal CD player on sale on Wal-Mart. We figured she'd paid her dues so we just hung back and tried to keep our mouths shut.

Three months later, just out of warranty, the CD player's cover snapped off after another tough day in the school backpack. The consumer outrage was of Titanic proportions.

Last month at a garage sale she found a replacement personal CD player/radio receiver for $3. It easily retailed for $100 and it does everything she wants. Now we don't fight over the car radio, she can listen to all the crap fine Jawaiian & hiphop that she wants, and I can keep cleaning the car speakers with Van Halen.

She's really stressing herself over rising gas prices. I think she's afraid that gas will cross $3/gallon soon (she's right) and price her right out of her driver's license by the time she's 16 (almost three years to go). Last week she said that instead of inheriting our 1994 Ford Taurus wagon for her 16th birthday or buying a used car with her $5000 "Kid's 401(k)", she'd rather contribute her $5000 toward the family purchase of a Toyota Prius. We can use it when she's not, Dad can tinker with the aftermarket booster battery pack (charged, of course, from a photovoltaic array), and she proposes to sell her share back to us when she finishes college. I was so proud I almost burst into tears.

Yesterday she had a serious talk with me about rolling her "Bank of Kid" CDs over from the current six-month system to a five-year ladder to coincide with high-school graduation. During this three-week school break she decided she wanted to earn $100 at various jobs and she's already over halfway there.

I think she gets it. This week.

I think all kids have to work through that phase of life one way or the other (although some never get all the way through it before flying the nest). I think the best we can do is to keep matching the kid's salary to ensure the Roth IRA is maxed out and just hope that they grow out of it.

 

[Danny]

free4now said on whatcha worth thread-- Some people's nest egg provides for just themselves, while other people's nest egg provides for their partners too. I think this muddies things up a bit... one person living off 2 million dollars is in a different financial strata from 2 people living off 2 million.

Maybe the next survey should have "divide by number of adults supported"? Since two people can usually live cheaper than twice one person, maybe we'd need some scaling factor, like for two people divide by 1.6 (just a number I pulled out of my hat).


Jeez you are so demanding! I took ER to get away from folk like you

I did these a while ago - not sure they meet what you want.
If not I'm going to ask Suze Orman to give you an assignment, remember be careful what you ask for...

http://early-retirement.org/forums/index.php?topic=4909.0

http://early-retirement.org/forums/index.php?topic=4901.0

http://early-retirement.org/forums/index.php?topic=4971.0

 

[cute fuzzy bunny]

In our case the difference is almost irrelevant. One extra car, some extra clothes, a little extra food. Over 30-40 years its lost in the noise.

The baby, on the other hand, is another matter. Someone in the family, who will remain nameless because its me, keeps buying him stuff to play with...