Networth as a multiple of your income

[Anonymous]

Anonymous wrote:Just so we're all in the same page: Does HHI include your mortgaged primary house? E.g. I have a $500,000 house but owe $350,000 on it still. Would that be considered only $150,000 towards my HHI? Also assuming 401K account counts towards HHI?

HHI is income, so the house doesn't count at all. You would count $150,000 in the net worth column.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just so we're all in the same page: Does HHI include your mortgaged primary house? E.g. I have a $500,000 house but owe $350,000 on it still. Would that be considered only $150,000 towards my HHI? Also assuming 401K account counts towards HHI?

HHI is income, so the house doesn't count at all. You would count $150,000 in the net worth column.

Sorry. Yes thats what I meant. Do you include 401k, 529 etc towards net worth?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just so we're all in the same page: Does HHI include your mortgaged primary house? E.g. I have a $500,000 house but owe $350,000 on it still. Would that be considered only $150,000 towards my HHI? Also assuming 401K account counts towards HHI?

HHI is income, so the house doesn't count at all. You would count $150,000 in the net worth column.

Sorry. Yes thats what I meant. Do you include 401k, 529 etc towards net worth?

Net worth = all assets minus all liabilities

[Anonymous]

2x
32
60

[Anonymous]

1.68x
33/31
~50

[Anonymous]

1. About 3x
2. 35
3. Not sure, but DH days "early" - but he also talks about a low key 2nd career, so who knows.

[Anonymous]

.7x (+ 2 fed pensions)
33/32
mid 60s

we're still chipping away at 200K + in law school loans so hopefully these numbers will start looking a lot better in the next 5-10 years.

third poorest, woohoo

[Anonymous]

~30x HHI when I was working; ~35-40x HHI now

60 (DW = 55)

Retired at 58 (DW still works)