Do many households here have $15 M net worth or more?

[Anonymous]

We are well over 15m. I won't say what industry my husband is in, but I do not work.

[Anonymous]

Anonymous wrote:Just what suspected - either liars or mentally impaired on this forum. Who in the f@@k worth $20m and drives a beat up
Honda and shops at aldi? They should be driving a newer, safer vehicle and shopping at healthier supermarkets to safeguard and improve health. Mental illness.

Funny. I have $16m and we do have a beat up Honda but it’s an extra car. Our main car is a high end SUV. We are not flashy but will spend money on some things (2nd home, hone renovations, travel, etc). I don’t shop at Aldi, but only because there isn’t one near me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just what suspected - either liars or mentally impaired on this forum. Who in the f@@k worth $20m and drives a beat up
Honda and shops at aldi? They should be driving a newer, safer vehicle and shopping at healthier supermarkets to safeguard and improve health. Mental illness.

Funny. I have $16m and we do have a beat up Honda but it’s an extra car. Our main car is a high end SUV. We are not flashy but will spend money on some things (2nd home, hone renovations, travel, etc). I don’t shop at Aldi, but only because there isn’t one near me.

We're at $12m, but that's because we recently dropped $6m on two different properties in different high end locations. We'd also have more but had two kids in private from K-college graduation. Everyone pays for what they value. We're fine with our choices.

I shop at Lidl, no Aldi near me or I'd do that too.

[Anonymous]

Anonymous wrote:Late 30s, $19m net worth.

We live in Arlington and and buy discount avocados. DH and I both drive 2004 honda civics to blend in.

We splurge on private jets at christmas, but mostly just splurge on economy plus.

I feel like all our neighbors are doing way better than us.

It looks like you're dealing with some mental health issues. You worry too much about others' opinions of you. You need to live your life according to your own rules.

Drive a Honda because it's the car you truly like, not just because you are following what your neighbors are doing.

You have enough money to create the life you desire.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Late 30s, $19m net worth.

We live in Arlington and and buy discount avocados. DH and I both drive 2004 honda civics to blend in.

We splurge on private jets at christmas, but mostly just splurge on economy plus.

I feel like all our neighbors are doing way better than us.

It looks like you're dealing with some mental health issues. You worry too much about others' opinions of you. You need to live your life according to your own rules.

Drive a Honda because it's the car you truly like, not just because you are following what your neighbors are doing.

You have enough money to create the life you desire.

It was clearly a troll… “discount avocados”

[Anonymous]

Anonymous wrote:All of these constant threads that ask people to self-report income are boring. Statistics exist.

This whole thing where we elevate wealthy people in our minds is silly.

That said, I do know many multi-millionaires with broke down old Toyotas or Hondas. It's all about priorities.

In my experience, WASPy millionaires (regardless of overall wealth) seem to be more rather than less likely to have ugly cars.

Also, they wear wool flannel shirts from thirty years ago (or longer) until their dying days.

The most ridiculous comments in this thread are "it is more common than you think." No, it isn't. We know that the number of households with that level of net worth is extraordinarily small. But the thread is correct about one thing, these people cluster together and because they know people in this world, they think it is more common than it is. I don't know anyone that would even be close to $15M. And it isn't hidden wealth, my ~$1M Fairfax Co neighborhood is full of government workers, worker-bee contractors, retired police, mid-level bank managers, etc. I know zero lawyers or tech startup folks and have no idea how I would even run into them on a regular basis.

[Anonymous]

Just over $15 million for an older couple at a financial regulatory agency and an international organization (retired). Years ago, inherited $150,000 that went towards our house down payment. More than half of our net worth (unfortunately) is in non-Roth TSP and there is around $1.5 million in Roth (index funds). We also own two rental properties (DH's idea for investing his money).

Our largest budget item is medical expenses for DH and children--we regularly get large deductions from taxes. Not sure that children will ever be self-supporting due to medical issues so we are very focused on leaving as much as we can to them. We can easily live on our generous pensions and social security so principal can be saved for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just what suspected - either liars or mentally impaired on this forum. Who in the f@@k worth $20m and drives a beat up
Honda and shops at aldi? They should be driving a newer, safer vehicle and shopping at healthier supermarkets to safeguard and improve health. Mental illness.

Funny. I have $16m and we do have a beat up Honda but it’s an extra car. Our main car is a high end SUV. We are not flashy but will spend money on some things (2nd home, hone renovations, travel, etc). I don’t shop at Aldi, but only because there isn’t one near me.

We're at $12m, but that's because we recently dropped $6m on two different properties in different high end locations. We'd also have more but had two kids in private from K-college graduation. Everyone pays for what they value. We're fine with our choices.

I shop at Lidl, no Aldi near me or I'd do that too.

How does the $6m in recent property purchases impact your NW materially? Closing costs are not millions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just what suspected - either liars or mentally impaired on this forum. Who in the f@@k worth $20m and drives a beat up
Honda and shops at aldi? They should be driving a newer, safer vehicle and shopping at healthier supermarkets to safeguard and improve health. Mental illness.

Funny. I have $16m and we do have a beat up Honda but it’s an extra car. Our main car is a high end SUV. We are not flashy but will spend money on some things (2nd home, hone renovations, travel, etc). I don’t shop at Aldi, but only because there isn’t one near me.

We're at $12m, but that's because we recently dropped $6m on two different properties in different high end locations. We'd also have more but had two kids in private from K-college graduation. Everyone pays for what they value. We're fine with our choices.

I shop at Lidl, no Aldi near me or I'd do that too.

How does the $6m in recent property purchases impact your NW materially? Closing costs are not millions.

I’d have more if I didn’t have kids too. I’d also have more if I’d gone to Law School! Also not impressed that you shop at a grocery store.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just what suspected - either liars or mentally impaired on this forum. Who in the f@@k worth $20m and drives a beat up
Honda and shops at aldi? They should be driving a newer, safer vehicle and shopping at healthier supermarkets to safeguard and improve health. Mental illness.

Funny. I have $16m and we do have a beat up Honda but it’s an extra car. Our main car is a high end SUV. We are not flashy but will spend money on some things (2nd home, hone renovations, travel, etc). I don’t shop at Aldi, but only because there isn’t one near me.

We're at $12m, but that's because we recently dropped $6m on two different properties in different high end locations. We'd also have more but had two kids in private from K-college graduation. Everyone pays for what they value. We're fine with our choices.

I shop at Lidl, no Aldi near me or I'd do that too.

How do you drop in net worth by buying $6M properties? Do you not count the properties as assets?? Yeah, keep shopping at Lidl because you can't do math.

[Anonymous]

Anonymous wrote:

Anonymous wrote:All of these constant threads that ask people to self-report income are boring. Statistics exist.

This whole thing where we elevate wealthy people in our minds is silly.

That said, I do know many multi-millionaires with broke down old Toyotas or Hondas. It's all about priorities.

In my experience, WASPy millionaires (regardless of overall wealth) seem to be more rather than less likely to have ugly cars.

Also, they wear wool flannel shirts from thirty years ago (or longer) until their dying days.

The most ridiculous comments in this thread are "it is more common than you think." No, it isn't. We know that the number of households with that level of net worth is extraordinarily small. But the thread is correct about one thing, these people cluster together and because they know people in this world, they think it is more common than it is. I don't know anyone that would even be close to $15M. And it isn't hidden wealth, my ~$1M Fairfax Co neighborhood is full of government workers, worker-bee contractors, retired police, mid-level bank managers, etc. I know zero lawyers or tech startup folks and have no idea how I would even run into them on a regular basis.

Oh no, PP. Just about everyone on DCUM making $300K has $15M.

We're having endless threads about this insane wealth and how easy it is. So, it must be!

[Anonymous]

We are in our early 30s and our net worth is already close to $10M. We will hit $15M before our late 30s.
We didn’t inherit money and we have regular jobs.
Most people we know are doing better than us.

[Anonymous]

Anonymous wrote:We are in our early 30s and our net worth is already close to $10M. We will hit $15M before our late 30s.
We didn’t inherit money and we have regular jobs.
Most people we know are doing better than us.

Yea you and me both

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just crossed $25m net worth. Recently passed on organic bananas since I’m worried about the AI bubble. Did I mention I drive a Camry? I’m very proud of the juxtaposition between my wealth and my lack of nice things.

But seriously, some of you need to learn to enjoy your privilege / success a little more. Not in a consumerism sense but come on… if you never spend a little (whether it’s charity or a nice jacket you want), what’s the point?

Because I can be just as content with a $350 Peter Millar vest as I would be with a $650 Canadian Goose fleece vest. I waited tables in college and graduate school, and would often leave with $80 in tips after a weekend shift. I appreciate the value of a dollar, and I am passing that along to my children. Experiences are much more important than physical / material assets in my world view.

I just spent $8000 on a new (used) saddle because the old one didn’t fit the horse. Experiences aren’t always as fun as you hope, lol.

[Anonymous]

55 and retired with a NW well above $15M living quietly in Arlington. My neighbors have no idea looking at our outwardly possessions but I suspect they are in similar a position. I really don’t care honestly. We go on very nice vacations for months at a time and that’s where we spend our hard-earned money.