What is your age and net worth?

[Anonymous]

58 years old, single, $1.1 million...thought I was doing well until I read this thread!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:40 & 42. Net worth about 1.35. And I thought that was good. Ya'll are killin' it out here.

LOL I'm thinking the same

39/40 1.5M (no help/inheritance/or family money)

This is where we are, too, along with the no inheritance or family money as adults. Our parents did pay for undergrad (in the 90s, when you could get a public university education for $50K or less, all in), which was a huge help - it's much easier to start at $0 than in the hole.

I love people who insist that, other than that trust fund and the $200K downpayment money, they totally did it all on their own. No doubt there are people in this situation that work very hard themselves but pretending like that level of financial assistance is no big thing? Bitch, please. At least acknowledge the helping hand you got there!

You guys don't even read the posts before posting. I grew up dirt poor (not from a trust fund!), saved and saved, got to a considerable point, and then had this 200k dumped on me. If you have a good work ethic, you really can save a lot. I shouldn't have even mentioned the 200k because 75% of what I have saved currently was my own before that.

[Anonymous]

40, about $10M total.

Looking to get out soonish. Maybe at $15M.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:40 & 42. Net worth about 1.35. And I thought that was good. Ya'll are killin' it out here.

LOL I'm thinking the same

39/40 1.5M (no help/inheritance/or family money)

This is where we are, too, along with the no inheritance or family money as adults. Our parents did pay for undergrad (in the 90s, when you could get a public university education for $50K or less, all in), which was a huge help - it's much easier to start at $0 than in the hole.

I love people who insist that, other than that trust fund and the $200K downpayment money, they totally did it all on their own. No doubt there are people in this situation that work very hard themselves but pretending like that level of financial assistance is no big thing? Bitch, please. At least acknowledge the helping hand you got there!

You guys don't even read the posts before posting. I grew up dirt poor (not from a trust fund!), saved and saved, got to a considerable point, and then had this 200k dumped on me. If you have a good work ethic, you really can save a lot. I shouldn't have even mentioned the 200k because 75% of what I have saved currently was my own before that.

You need to acknowledge more the benefit of having the gift of a down payment. But beyond that, I think two things can be very helpful financially - getting married young and not having kids for a while so that you can save plus not taking out loans for grad school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:40 & 42. Net worth about 1.35. And I thought that was good. Ya'll are killin' it out here.

LOL I'm thinking the same

39/40 1.5M (no help/inheritance/or family money)

This is where we are, too, along with the no inheritance or family money as adults. Our parents did pay for undergrad (in the 90s, when you could get a public university education for $50K or less, all in), which was a huge help - it's much easier to start at $0 than in the hole.

I love people who insist that, other than that trust fund and the $200K downpayment money, they totally did it all on their own. No doubt there are people in this situation that work very hard themselves but pretending like that level of financial assistance is no big thing? Bitch, please. At least acknowledge the helping hand you got there!

You guys don't even read the posts before posting. I grew up dirt poor (not from a trust fund!), saved and saved, got to a considerable point, and then had this 200k dumped on me. If you have a good work ethic, you really can save a lot. I shouldn't have even mentioned the 200k because 75% of what I have saved currently was my own before that.

Your insistence on not getting it is almost impressive at this point. "All I got was $200k, I'm a good saver" has now become "I shouldn't have even mentioned the $200k, I'm such a good saver." Keep harping on your work ethic; I'm sure that's the difference between you and people with less money. Not the fact you were gifted a house. They're probably just lazy!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ok, so what do I need to invest in to get rich? PP with $50 million, how did you start investing? I am from Eastern Europe and really dumb about these things.

PP - we started investing in Fidelity mutual funds (Magellan, Equity Income) in the early 80’s. We were very aggressive savers the entire time we worked so while we lived comfortably we lived well below our means. Our investing is more sophisticated now but if we were starting out we’d invest in index funds through either Fidelity or Vanguard.

Thank you so much! I will take a look at it. We are now paying 3 tuitions, but this is very useful.

[Anonymous]

50/48 $7.4 Million, no debt and no family money yet.

[Anonymous]

Anonymous wrote:50/48 $7.4 Million, no debt and no family money yet.

That’s really good.

[Anonymous]

A pension is absolutely as asset. It is not necessarily a transferable asset- inheritance, etc. We receive approx 7,000 a month from our pensions. When one of us dies, we will receive approx 4500. So, yes, count in this with assets: retirement savings, house, etc.

[Anonymous]

Anonymous wrote:64 and 66 and north of $50 million. When we got married 38 years ago it took everything we had to scrape together a $10,000 down payment on a house including skipping an engagement ring. I worked full time for 18-20 years and did pretty well but my husband did very well and we always saved a lot and invested smartly. FWIW when we were 35 our net worth might have been $500,000 (half from home appreciation) and $2 million at 45. My husband’s income really grew from age 45 until he retired at 62 and the stock market has been our friend for the last ten years though we have always been investors.

Ok, he has to have been in something really lucrative that most people are not doing. This isn't because you are savvy investors, come on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:64 and 66 and north of $50 million. When we got married 38 years ago it took everything we had to scrape together a $10,000 down payment on a house including skipping an engagement ring. I worked full time for 18-20 years and did pretty well but my husband did very well and we always saved a lot and invested smartly. FWIW when we were 35 our net worth might have been $500,000 (half from home appreciation) and $2 million at 45. My husband’s income really grew from age 45 until he retired at 62 and the stock market has been our friend for the last ten years though we have always been investors.

Ok, he has to have been in something really lucrative that most people are not doing. This isn't because you are savvy investors, come on.

PP - yes, my husband twice invested in and ran leveraged buy-outs that were very risky on paper but he is really smart and I never worried about the risk because he would never risk what we couldn't afford to lose. But, regardless, we always were good savers and investors just doing the basics.

[Anonymous]

$97 million. 34 years old. Forex trading.

[Anonymous]

Anonymous wrote:Are those of you who are in your 40s or younger including homes that you haven't paid off yet? I assume you need to subtract that from any assets you have, right?

I'm 33 and DH is 34. We have owned our home for about 2 years. Given that we don't have a huge amount of equity in the house yet and that we're paying for preschool, we have negative net worth, despite having well-paying jobs.

I'm confused as to how so many of you in your 30s have so much net worth? Do you not own a home?

We do but we have 300k+ in equity from a few years in our home. We have retirement and savings as well. Our net worth went up about 500k in less than 3 years so a lot can change from 33 to 38 for instance.

[Anonymous]

Anonymous wrote:$97 million. 34 years old. Forex trading.

lol.
Googling!
tell me more!

[Anonymous]

40 yrs old.
1.2M in cash and stocks (mostly retirement accounts)
$0.5M in real estate (net equity)