Reply to WaPo on Net Worth

Forum Index » Money and Finances

Reply to "WaPo on Net Worth"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]It’s behind a paywall for me but this forum makes me feel poor.  It’s hard to be excited about my 401(k) hitting $1 million when reading about people worrying about retiring with accounts worth $6 million+.

I do feel like people on here exaggerate though because some of the people I know in real life who act the richest also have enormous 1st and 2nd mortgages and HELOCs, etc. so it’s a facade.[/quote]

Have you considered that people on DCUM are at different stages in life?  A person who is 35 or 40 may feel "poor" when they have saved $400K.... but they are often comparing themselves to people who are much older (55 or 65 ) on DCUM who don't mention their age, but report that they have $5mil.!   Time makes a LOT of difference!  The amount of $$ we had when we were 35-40 was almost nothing.  But, 20 yrs later -- with consistently saving --- our net worth is b/t $3mil-5mil.  I never would have expected that as a 35 yr old.  But, time and consistency make a huge difference!  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics