S/O of dual income HHI thread - what's your net worth compared to your income?

[Anonymous]

We make almost $300,000 gross per year. Our net worth is $2,305,000. We are in our early 40s, two kids. How about your household?

[Anonymous]

We make about $180,000 per year, and we have a negative net worth. Mid 30s.

[Anonymous]

What possible use is this info? A joke, surely.

[Anonymous]

All these households making $500k a year - I'd like to know if they have millions, or if they spend much of it.

[Anonymous]

We make $130K, and I'd say we are slightly positive in net worth, maybe $20,000 or so.

[Anonymous]

We make a combine $250k or so, and excluding our extremely onerous student loans and our mortgage, our net worth is around $50k.

[Anonymous]

We make $135k per year and have a net worth of about 600k, most of which is tied up in real estate. (I bought an apartment in DC at the right time and DH and I were lucky not to have any school debt.)

[Anonymous]

Anonymous wrote:We make a combine $250k or so, and excluding our extremely onerous student loans and our mortgage, our net worth is around $50k.

Isn't the point of net worth to compare your assets to your debts? What you're calculating isn't your net worth; sounds more like you are totaling up liquid assets.

[Anonymous]

We make $250 and have a net worth of rought $3 million - 1 kid, will probably have 1 more and we're both 30.

[Anonymous]

We make $200k and have a net worth of $287k - early 30s.

[Anonymous]

Anonymous wrote:What possible use is this info? A joke, surely.

Then get off the thread! Some of us like comparing this info.

-NP

[Anonymous]

Anonymous wrote:We make a combine $250k or so, and excluding our extremely onerous student loans and our mortgage, our net worth is around $50k.

But - to get your net worth, you need to measure ALL liabilities against ALL assets, so your net worth is negative.

[Anonymous]

Anonymous wrote:We make $250 and have a net worth of rought $3 million - 1 kid, will probably have 1 more and we're both 30.

Is this all from investments, or do either of you have family money?

[Anonymous]

We're early 30's and our net worth is roughly equal with our income. Both around 180K.

Anyone know what a financial adviser would advise your net worth should be at each age?

[Anonymous]

HHI currently 105k, soon to be 270k (one of us about to finish law school).
Net worth is about 400-500k, depending on how pessimistically I value the house. No student loans or CC debt, but have about 280k left on our mortgage.
This thread is actually making me realize that I've lost track of how much is in our retirement and investment accounts - a good reminder to sit down for a family budget summit soon!