What's your net worth?

[Anonymous]

Anonymous wrote:my husband and i both come from money. his parents gave us a $50 million gift when we married. my parents bought us a house, which was so dumb since we already HAD a big house. but we sold it and got another $10 mil from that.

we're struggling day to day, though, since we put both our kids in private school in switzerland, so the commuting costs are just tearing through our nest egg! how do people do it on just $60 million in the bank?

Ha ha ha ha good laugh for the ridiculous posters on here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$8.5M, $1M, 36/37, 3/2/ infant, 14yrs, $50M

Good going!. What do you do to earn $1M a year, if you don't mind sharing.

Own my own business and invested the profits

So how do you get from $8.5m to $50m in 14 years on $1m a year? I'm guessing your business follows the Madoff model?

$8.5m poster here. This is why some people are rich and others are not. $50m in 14 years is an 11% annualized rate of return on my existing assets. While that far exceeds what others may predict it is hardly absurd for someone who went from $0 to $8.5M in 12 years. Then again I could lose it all. Only time will tell.

I personally think 11% is a little aggressive...last year, sure (a good year in the markets), but over 5 or so years, trying for an 11% return is a good way to end up with 0. I am going for 6-8%,,,,

[Anonymous]

Agree with PP. 11% return sounds like somewhat risky investments or huge investments. 4-8% is more reasonable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$8.5M, $1M, 36/37, 3/2/ infant, 14yrs, $50M

Good going!. What do you do to earn $1M a year, if you don't mind sharing.

Own my own business and invested the profits

So how do you get from $8.5m to $50m in 14 years on $1m a year? I'm guessing your business follows the Madoff model?

$8.5m poster here. This is why some people are rich and others are not. $50m in 14 years is an 11% annualized rate of return on my existing assets. While that far exceeds what others may predict it is hardly absurd for someone who went from $0 to $8.5M in 12 years. Then again I could lose it all. Only time will tell.

I personally think 11% is a little aggressive...last year, sure (a good year in the markets), but over 5 or so years, trying for an 11% return is a good way to end up with 0. I am going for 6-8%,,,,

8.5 M to 50M in 14 years is 13.5% compounded. However, I don't think he's talking about investing in the market necessarily. He may have other investment options (such as his own business) that produces quite a good return..

[Anonymous]

If the $8.5M poster isnt a troll, keep in mind the private equity he can get into with that kind of income and assets. A goal of $50M is entirely achievable.

[Anonymous]

Anonymous wrote:If the $8.5M poster isnt a troll, keep in mind the private equity he can get into with that kind of income and assets. A goal of $50M is entirely achievable.

That was our experience. We found it really easy to get to $50 million. Our opinion is that most people who haven't gotten there are simply unworthy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$8.5M, $1M, 36/37, 3/2/ infant, 14yrs, $50M

Good going!. What do you do to earn $1M a year, if you don't mind sharing.

Own my own business and invested the profits

So how do you get from $8.5m to $50m in 14 years on $1m a year? I'm guessing your business follows the Madoff model?

$8.5m poster here. This is why some people are rich and others are not. $50m in 14 years is an 11% annualized rate of return on my existing assets. While that far exceeds what others may predict it is hardly absurd for someone who went from $0 to $8.5M in 12 years. Then again I could lose it all. Only time will tell.

I personally think 11% is a little aggressive...last year, sure (a good year in the markets), but over 5 or so years, trying for an 11% return is a good way to end up with 0. I am going for 6-8%,,,,

8.5 M to 50M in 14 years is 13.5% compounded. However, I don't think he's talking about investing in the market necessarily. He may have other investment options (such as his own business) that produces quite a good return..

$8.5m poster here. It's actually lower than 13.5% as that presumes I never add principal. It is technically lower than 11% too! but for simplification I compounded my investable assets and added in my excess cash times 14 years. And with reasonable leverage the return isn't that high.

[Anonymous]

networth 150 million
lottery winner here.

[Anonymous]

Anonymous wrote:networth 150 million
lottery winner here.

Oh, poor thing - how do you survive on so little? Probably by never buying new clothes, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:networth 150 million
lottery winner here.

Oh, poor thing - how do you survive on so little? Probably by never buying new clothes, right?

We don't feel poor.
Actually I think our networth puts us into the middle class solidly, maybe even upper middle.

[Anonymous]

Net worth; current HHI; Ages (M/F); Kids ages (a/b/c/..); Retire in x years; Expected NW at retirement

I have $30,000 in savings.
I earn $72,000 a year.
36 years old.
No kids.
I figure I will never retire.
N/A

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$8.5M, $1M, 36/37, 3/2/ infant, 14yrs, $50M

Good going!. What do you do to earn $1M a year, if you don't mind sharing.

Own my own business and invested the profits

So how do you get from $8.5m to $50m in 14 years on $1m a year? I'm guessing your business follows the Madoff model?

$8.5m poster here. This is why some people are rich and others are not. $50m in 14 years is an 11% annualized rate of return on my existing assets. While that far exceeds what others may predict it is hardly absurd for someone who went from $0 to $8.5M in 12 years. Then again I could lose it all. Only time will tell.

I personally think 11% is a little aggressive...last year, sure (a good year in the markets), but over 5 or so years, trying for an 11% return is a good way to end up with 0. I am going for 6-8%,,,,

8.5 M to 50M in 14 years is 13.5% compounded. However, I don't think he's talking about investing in the market necessarily. He may have other investment options (such as his own business) that produces quite a good return..

$8.5m poster here. It's actually lower than 13.5% as that presumes I never add principal. It is technically lower than 11% too! but for simplification I compounded my investable assets and added in my excess cash times 14 years. And with reasonable leverage the return isn't that high.

All I was saying that if your current asset base is $8.5M, you will need a 13.5% compounded annual return to get to $50 M in 14 years. Unless you are saying that the additional money you add is being generated either through your labor (job) or is being created by other assets that are not part of the $8.5 M.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$8.5M, $1M, 36/37, 3/2/ infant, 14yrs, $50M

Good going!. What do you do to earn $1M a year, if you don't mind sharing.

Own my own business and invested the profits

So how do you get from $8.5m to $50m in 14 years on $1m a year? I'm guessing your business follows the Madoff model?

$8.5m poster here. This is why some people are rich and others are not. $50m in 14 years is an 11% annualized rate of return on my existing assets. While that far exceeds what others may predict it is hardly absurd for someone who went from $0 to $8.5M in 12 years. Then again I could lose it all. Only time will tell.

I personally think 11% is a little aggressive...last year, sure (a good year in the markets), but over 5 or so years, trying for an 11% return is a good way to end up with 0. I am going for 6-8%,,,,

8.5 M to 50M in 14 years is 13.5% compounded. However, I don't think he's talking about investing in the market necessarily. He may have other investment options (such as his own business) that produces quite a good return..

$8.5m poster here. It's actually lower than 13.5% as that presumes I never add principal. It is technically lower than 11% too! but for simplification I compounded my investable assets and added in my excess cash times 14 years. And with reasonable leverage the return isn't that high.

How much principal are you adding each year? With $1m income that's about $500k after taxes. With housing costs, private schools/colleges for 3 kids (that's $120k just for private school), vacations, and the other expenses that someone in your bracket has you can maybe add $100-200k per year. That's $1.4 to 2.8m over the 14 years (not including growth of course) so doesn't make too much of a dent in the $41.5 million you need.

So out of curiosity what do you plan to do with the $50 million once you retire? Why have you picked $50 million as the amount you need to live on in retirement?

[Anonymous]

Net worth; current HHI; Ages (M/F); Kids ages (a/b/c/..); Retire in x years; Expected NW at retirement

$3.5 million; $450,000; 51/48; 14/12; retire in 12 to 14 years; $5 - $6 million

[Anonymous]

Anonymous wrote:Net worth; current HHI; Ages (M/F); Kids ages (a/b/c/..); Retire in x years; Expected NW at retirement

$3.5 million; $450,000; 51/48; 14/12; retire in 12 to 14 years; $5 - $6 million

You should be at $7M in 14 years assuming a 5% annual compounded return and you don't touch your savings (3.5M for non-retirement needs). Good work!