What is your Net Worth?
 

Just curious, what is your net worth? this is anonymous so nobody will know...

If you don't know how to calculate Net Worth., just subtract your Liabilities from your Assets.

Here are examples of some Assets:

Your current house value, your car, art, books, your belongings, cash, anything else of value, stocks you own . dont count retirement savings here. (at least I dont think so).


Here are examples of Liabilities.

The balance on your mortgage, cc debt, school loans not paid off, etc..


So how did you get there? Inheritance, business, living below your means, saving aggressively, did you win the lottery?

this should be fun..
:D

If it wasn't for about 100k in student loans, I'd be doing pretty well.

I really do not want to think about this right now. I'm not sure it would be a positive integer.

What is this thing called net worth? Aren't we all-consuming americans?:D

15K

The goal for the end of the summer is to have that up to 20K, but that is going to require a fantastic caddy and catering season. Then that money needs to be invested aggressively, because I don't need more than 1K or so to get by for the year. Not too bad for a 19 year old, i think

If you would stop buying bikes!

What I have and what I owe is something I really do not know.
What I want and what I need is completely based upon my greed.

Go to networthiq.com. You are better off not counting personal property like 10-20 year old porsches.

Worked my a$$ off for it.

Had it not been for socking the max possible in several 401k's years ago, it would be a lot less.

Four years ago my boss had a very good season. He looked at all the employees company savings accounts. Any employee who had been there over a year he doubled everything that was in their total 401k account. Cost him a mil in cash but like I said, he did very well that year. I am very lucky that I had $30k in my account so far and it was doubled.

Second thing is that my house has done very well in the last 3 years.

Hard work, a bit of work with investments, luck and the grace of God has been very good to me. I could retire now if I wanted to scrape by (and work a bit on the side) but right now work is fun and I enjoy it, so why stop?

Joe

With student loans and the car note? My net worth would be right around -$15,000.

Plan for the summer is to put away enough each month to pay for 2 months of the car note, and still save some money so that I'm not in the spot next year I'm in now.

Plan is similar for school loans after college; I'm going to pay them off as quickly as possible. Owing someone money is NOT something I'm used to.

2 years ago I had my 944, paid for in cash, $9K in the bank and $1000 in my sock drawer. Not a lick of debt...My how times change...

Was sitting around talking over some beers with my two good friends and we got to talking about how much money we've pissed away after we tried to figure out how we would ever afford a house, furnishings, and a car. Figure I've spend on the order of, say, $35,000, might be more, @20 years old. Looking back, I wish I would have saved more, driven less (not at all?!?!) and ridden my bike more.

I'd estimate we have a few (or more than a few) guys who fall at a million plus.

edit:

How did I get to where I am? Was kicked out after I graduated High School, and found out not living at home is pretty damn expensive. Also lost my job, making it more expensive; car insurance alone was $250/mo. That took away my liquid assets, then I started working again and saving some money, but had to pay tuition and books at a community college. Back to broke, but still working. Hit and run forces new car purchase, putting me -$9K. Then I decided to go to college, and I have student loans.

It could be far, far worse so I'm not complaining...

Why is this information useful to you? I voted, but I'm just wondering why.

If not for my house I'd be worth more dead than alive, pharkin' divorce managed that.

I am only 40 years old and really starting to put money away now that some bills are gone, unfortunatly the downturn in the housing market coupled with 3 hurricanes affected me over the last 2 years pretty bad. I am now 50K more in debt than I care to be but I am working on getting that gone again.

All that said I placed a vote in the top 3 choices.

My goals for the next 5-10 years os to get out of debt again and really sock away some money in my IRA.

You know...a million bucks just doesn't go as far as it used to. :rolleyes:

i just blew $200+ on some P factory tranny coating. I needed less than a qt but i had to buy 5gal. No responsibilities is the key to wealth.

It would be an interesting poll to see what peoples' net wealth vs burn rate is. If you've got a million bucks, but you spend half that a year, you aren't doing very well. If you've got a million bucks and you spend $60k a year, you're set for life.

Wealth is all relative. What seems extravagent to one person is just getting by to another.

If my ex-wife had her way mine would be about 25 cents.

Wow 19 millionaires here.
Impressive.

Not when you factor in the number of CA members who bought their houses more than 8-10 years ago. Whoopee--instant millionaires. :D

Can I answer after our fall orders come in? could be :D or :(