What is your age and net worth?

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP here. I wouldn't count pensions. I'm not counting Social Security.

My breakdown is: retirement accounts 3.4 million, brokerage/checking/savings accounts $1.6 million, home equity $750k.

I quit working 5 years ago. Had worked in BigLaw.

Are others with healthy net worth continuing to work? If so, why?

Health insurance and trying to instill a work ethic in my kids who will likely inherit a lot of money one day, thanks to wealthy ILs.

Meh. With a high net worth you don’t need employer health insurance. You can just buy your own.

[Anonymous]

I have no idea. Out HHI is around 300K. We own two condos fully paid for, one here, one in Europe. One rented and mom gets the income from the rent over there, because she needs it. Condo in the mountains... we are not renting, so it is a bit of drain, but we like it.( condos might add upto 700K) Right now we have 2 in college so not saving. We have about 300K in this house cash put in. So, I guess, by dcum standards we are piss poor.

[Anonymous]

50, 4.8M

[Anonymous]

Anonymous wrote:I have no idea. Out HHI is around 300K. We own two condos fully paid for, one here, one in Europe. One rented and mom gets the income from the rent over there, because she needs it. Condo in the mountains... we are not renting, so it is a bit of drain, but we like it.( condos might add upto 700K) Right now we have 2 in college so not saving. We have about 300K in this house cash put in. So, I guess, by dcum standards we are piss poor.

It is very easy to do the math. Your net worth is your assets minus your liabilities. So in your case, you would add up the value of all of your real estate, plus your savings, and subtract your mortgages and any other debt. Your household income of 300 K has zero to do with your net worth.

[Anonymous]

Anonymous wrote:I'll start. I''m 57 and my net worth is $5.7 million.

How do you calculate net worth? Do you include your house you have a big mortgage on?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'll start. I''m 57 and my net worth is $5.7 million.

How do you calculate net worth? Do you include your house you have a big mortgage on?

https://www.nerdwallet.com/blog/finance/net-worth-calculator/

[Anonymous]

Anonymous wrote:I'll start. I''m 57 and my net worth is $5.7 million.

60 and 56 - $2.45mil

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'll start. I''m 57 and my net worth is $5.7 million.

How do you calculate net worth? Do you include your house you have a big mortgage on?

Value of house less unpaid mortgage amount

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'll start. I''m 57 and my net worth is $5.7 million.

60 and 56 - $2.45mil

So 1.23

[Anonymous]

33 and 36. Dinks. Just hit one million two months ago, a few days before my 33rd birthday. Goal was to hit a million before I was 35, so pretty happy. Next goal is to hit 2 million by 40.

[Anonymous]

49 & 53. 1.9 million. No pension. Feel lucky and content.

[Anonymous]

37,38 - 1.7 million

[Anonymous]

42 and 44, saving as much as we can in government jobs and we’re happy to be at $600k. This thread seems rather skewed.

[Anonymous]

Anonymous wrote:42 and 44, saving as much as we can in government jobs and we’re happy to be at $600k. This thread seems rather skewed.

I’ll help balance it.

36 and my net worth is about $1,200

[Anonymous]

38 and 39 - 3.5M together.