9/19 How old are you and what is your net worth?
\_ 30, single, around $80k
\_ http://www.humanforsale.com
\_ 26, married, $208k/2
\_ 25, single, around $80k
\_ 30, single, around $415k
\_ 28, negative - .com laid off worker.
\_ 27, 300k
\_ 25, around $100k
\_ 23, 15k
\_ 33, divorced, $9999999/2
\_ 27, married, 300k
\_ 33, married, $450k. $1600 after-tax going to our parents every
month and they don't let us claim them as dependents. I put my sis
thru Cal paying out-of-state tuition. Got laid off once.
\_ How does your wife feel about this?
\_ Where do you think the $1600/mo comes from? She's on an
Oakland corner.
\_ 33, married, $450k
thru Cal paying out-of-state tuition.
\_ 33, married, 100k
\_ 28, single forever, often unempolyed, 100k
\_ 30, married, $600k
\_ 30, married, $285k
\_ 28, single, ~ $10-30K, I pay mortage for my parents and have gf
\_ 30, married, $285k
\_ 28, single, ~ $10-30K, I pay mortage for my parents and have gf
\_ 28, single, ~ $10-30K, I pay mortage for my parents and have gf
\_ Buying a house only decreases your net worth by a few thousand
dollars due to loan points and fees.
\_ you could sell the gf for at least 100k
\_ Depends on how hot his gf is.
\_ 38, single, 200k
\_ Should I divide the net worth by two if I'm married?
\_ most of these guys will be at 0k when they have to buy a house
\_ Buying a house only decreases your net worth by a few thousand
dollars due to loan points and fees.
\_ Does money in 401(k) count?
\_ Yes. All assets, including jewelry, car, and such minus your
liabilities.
\_ Are mortgages and car loans considered liabilities
for this calculation?
\_ Yes.
\_ Yes but you can't ignore current market value or
how much has been paid off. You *own* that part.
\_ No, that's stupid. The house value is your equity +
the difference between buy price and potential current
sale price.
\_ If I read that properly, it looks the same as
market value minus mortgage.
\_ Mortgage is always a liability regardless what your
house value is.
\_ Yes but you can't ignore current market value or
how much has been paid off. You *own* that part.
\_ Is your spouse considered an asset or liability?
\_ does she put out for strangers?
\_ 33, married, 450k, two big salaries, no debts, low expenses, will
be retiring by 50.
\_ I read an article that says if your net worth is at least "annual
salary * age / 10", you're in good shape.
\_ Which article? Which magazine? Good shape for what?
\_ It was in http://quote.yahoo.com. By good shape I think it means
you're on the right track to be able to afford your current
lifestyle after you retire.
\_ How ballpark are all your figures? What's the margin of error?
\_ I'm assuming most (if not all) are including your property/options
in net worth calculation. How much does everyone actually have in
cash?
\_ 50k in checking, 20k in retirement plans, 10k in stock, the
rest is house equity (I'm the first married guy, claiming
\_ I'm assuming most (if not all) are including your property/options
lifestyle after you retire.
in net worth calculation. How much does everyone actually have in
\_ maybe not his
\_ How ballpark are all your figures? What's the margin of error?
\_ I'm assuming most (if not all) are including your property/options
in net worth calculation. How much does everyone actually have in
cash?
\_ 50k in checking, 20k in retirement plans, 10k in stock
cash?
\_ 50k in checking, 20k in retirement plans, 10k in stock, the
rest is house equity (I'm the first married guy, claiming
300k, and that's not /2
\_ Stocks count as cash?
\_ 26, $2.15 -geordan
\_ 26, $2.15 -geordan
\- do any of you over 30 have no idea [like me] --psb
\_ I had no idea, but it was pretty easy to estimate.
http://www.kiplinger.com/tools/networth.html
\_ Great, I'm 33, and my net worth is mostly determined by
my life insurance.
\_ Arrr!
\_ Avast!
300k, and that's not /2
\_ Stocks count as cash?
\_ If it can be sold M-F 8-4 at market rate with a button
push, yes.
\_ Unless your checking account makes above-average interest
or you have high cash-flow, that's too much in checking.
I suggest moving most of it at least to a money market
account. Probably even a CD or bond ladder. If not a
stock mutual fund.
\_ 33, married, $100k of $450k in cash, mostly in 401(k).
\_ 26, $2.15 -geordan
\_ Your organs alone are worth more than that.
\_ maybe not his
\- do any of you over 30 have no idea [like me] --psb
\_ I had no idea, but it was pretty easy to estimate.
http://www.kiplinger.com/tools/networth.html
\_ Great, I'm 33, and my net worth is mostly determined by
my life insurance.
\_ life insurance? I didn't bother to think about that. how
much is the typical "cash value" of that? life insurance
don't matta when you're single
\_ Unless you want to give someone a motive to want
you dead. |
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