How old are you and what is your HHI and net worth?

[Anonymous]

HII $365K
41 and 44
401Ks about $700k plus one spouse has a pension worth abut $80K/year in retirement.
Equity in two homes worth $1.6 total is about $900K. I'm counting it because $600K was cash we saved and put down.
Could be better but we believe strongly in living in the moment.

[Anonymous]

Love reading these. The only people who respond want to tell us that they're 35 and have "only" $3 million and they feel okay about that but know they could be doing better. Love it. I guess the readers who are 35 with a net worth of 67k aren't going to chime in -- or maybe they don't calculate their net worth all that often.

[Anonymous]

Anonymous wrote:Love reading these. The only people who respond want to tell us that they're 35 and have "only" $3 million and they feel okay about that but know they could be doing better. Love it. I guess the readers who are 35 with a net worth of 67k aren't going to chime in -- or maybe they don't calculate their net worth all that often.

+1 I don't even believe most of this stuff. There's no way relatively young adults can amass the kinds of money posted in these threads on their own. To the extent any of it's true, they always seem to leave out daddy's or grand daddy's contribution to their bottom line.

[Anonymous]

Anonymous wrote:Home Equity - 800K

Rental Property - $200K (paid off)

HHI - $800K +/-

401Ks - $2.2M

Investment Accounts - $400K

Misc Accts/Cash/Insurance Cash Value - 300K

41/44 - one child

How can you get your 401K so high at your age? I'm baffled.

[Anonymous]

I don't know, I think there are a lot of truthful responses mixed in with some probably fake ones. I know that I answered 100% truthfully, and it's not $3M or anything ridiculous. Quoted here:

Anonymous wrote:Me 34
Wife 32
Child 1
HHI 260k

401ks/IRAs: 300k
Taxable investment account: 110k
Savings/Checking: 30k
Home Equity: 250k (approx. 700k house with 450k mortgage)
Student loans: -110k
NW: 580k

Feeling ok. Our expenses are too high. We live in the District. Staying the course will be fine, but we're on the slow road to wealth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Love reading these. The only people who respond want to tell us that they're 35 and have "only" $3 million and they feel okay about that but know they could be doing better. Love it. I guess the readers who are 35 with a net worth of 67k aren't going to chime in -- or maybe they don't calculate their net worth all that often.

+1 I don't even believe most of this stuff. There's no way relatively young adults can amass the kinds of money posted in these threads on their own. To the extent any of it's true, they always seem to leave out daddy's or grand daddy's contribution to their bottom line.

I don't necessarily think the responses are fake -- though I'm sure some are; how hard is it to add another 400k to your net worth on an anonymous board. But for the most part, they may be real responses but self selecting -- i.e. the ones who have $3 million at age 35 want to talk about it; the ones who are scraping to 50k don't want to post it -- esp. not when people will say, wow, I had my first 50k at age 21.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why would we do this half-assed? My $600k in equity is worth something.

np. It is, but it's not earning you any money. I have a $500k house paid off, and that's certainly better than paying a mortgage or rent, but I don't really count it when I think of net worth, just like I don't count the value of my cars.

I count money that is generating returns for me. Including 401(k). Rental real estate, too, if applicable.

Yes, it is. I bought it at $480k, and it is now worth $650k. Plus, I now have almost no mortgage. That sure seems like both earning money and being better off than someone who has no equity and is still renting to me. Cars are depreciating assets, totally different.

[Anonymous]

Anonymous wrote:Who are you people? And I thought we were doing well! Wrooooooong!

I know right?!?

We just met with our financial advisor last week who ran all these reports for us, and said at the rate we're going we are in the "comfort zone" for retirement. We have nowhere near what these people are reporting! (and by nowhere near I mean WAY less than 1M).

10M net worth. Mind boggling for an ordinary schmoe like me.

[Anonymous]

I love the posts a laboriously list every minuscule account and other details. Then throw in at the end "trust fund $10M". As if the $4352.98 in your Roth IRA matters at all ....
But good job I guess?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Home Equity - 800K

Rental Property - $200K (paid off)

HHI - $800K +/-

401Ks - $2.2M

Investment Accounts - $400K

Misc Accts/Cash/Insurance Cash Value - 300K

41/44 - one child

Match up to 9% helps it a great deal. Been putting in the max since age 25 or so.

How can you get your 401K so high at your age? I'm baffled.

[Anonymous]

Home equity: $500k
401ks: $700k
Other savings/investments(not including 529s): $80k
Student loans: -$50k

HHI: $250k
Ages:36/34

[Anonymous]

Anonymous wrote:I love the posts a laboriously list every minuscule account and other details. Then throw in at the end "trust fund $10M". As if the $4352.98 in your Roth IRA matters at all ....
But good job I guess?

Lol. This.

[Anonymous]

51

HHI is $500,000

Net worth is $4.3 million

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who are you people? And I thought we were doing well! Wrooooooong!

I know right?!?

We just met with our financial advisor last week who ran all these reports for us, and said at the rate we're going we are in the "comfort zone" for retirement. We have nowhere near what these people are reporting! (and by nowhere near I mean WAY less than 1M).

10M net worth. Mind boggling for an ordinary schmoe like me.

But how much do you make? If you make 50K, 10M is mind boggling. If you make 500K and you're 55, not so impressive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who are you people? And I thought we were doing well! Wrooooooong!

I know right?!?

We just met with our financial advisor last week who ran all these reports for us, and said at the rate we're going we are in the "comfort zone" for retirement. We have nowhere near what these people are reporting! (and by nowhere near I mean WAY less than 1M).

10M net worth. Mind boggling for an ordinary schmoe like me.

But how much do you make? If you make 50K, 10M is mind boggling. If you make 500K and you're 55, not so impressive.

$10M is a pretty good sized pile at 55 with a $500K income.