Reply to Tell me your HHI and net worth at age 48

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]46. So depressed.[/b] Wife worked 10 yrs but now does occasional real estate deals so single income of $130k. 2 kids. [b]Net worth 1 million + $300k in house.[/b][/quote]

You're depressed bc $1.3 mil NW before age 50 or $1 mil w/o real estate is sooooo bad??[/quote]

My salary won't go up that much and with 2 kids 1 million isn't enough. A huge recession is on the horizon. People here with 10 million NW.[/quote]

Right but you're 46, not 66. "Huge" recession? The last huge recession technically lasted 19 months. Sure times were tough for a long time thereafter, but the market started recovering long before the job market, housing etc. and S&P was up 26% in 2009, 15% in 2010 and has been positive thereafter, more than making up for the 37% decline in 2008. You really don't think you can even get a 5% return yearly (on average) for the next 9 yrs? Bc assuming you're holding 900k of that $1 mil in the market and you d put in another dollar, by age 55 you're up at $1.39 million. And what is the chance that you aren't going to put another $ into investments starting now? I just don't see how these numbers are bad for a single earner 130k household. Why compare with the DCUM folks with $10 mil NW, why not compare to Warren Buffett's $82bil NW to really make yourself depressed?[/quote]

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