Anonymous
11/28/2015 10:36
Subject: Networth as a multiple of your income
Anonymous wrote:2x
40
Don't know. Want to be able to retire at 55 or so.
I don't know how on earth some of these multiples are possible unless people had a windfall (maybe in real estate) or a big inheritance.
Most are not. Lots of role playing on the internet.
Anonymous
11/28/2015 10:18
Subject: Networth as a multiple of your income
2x
40
Don't know. Want to be able to retire at 55 or so.
I don't know how on earth some of these multiples are possible unless people had a windfall (maybe in real estate) or a big inheritance.
40
Don't know. Want to be able to retire at 55 or so.
I don't know how on earth some of these multiples are possible unless people had a windfall (maybe in real estate) or a big inheritance.
Anonymous
11/28/2015 09:17
Subject: Networth as a multiple of your income
Anonymous wrote:Anonymous wrote:Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.
Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.
People who track their spending and their budget and pay an interest in their finances.
Meh. I'm good. Bought a house well over a decade ago, we have over 600k in our 401k and we're 35. We bought whole life policies in our 20s, so we have low premiums.
Spending bis tracked and documented very 3 days down to every penny.
Anonymous
11/28/2015 08:14
Subject: Networth as a multiple of your income
13x
44
Don't have a target
44
Don't have a target
Anonymous
11/28/2015 08:09
Subject: Networth as a multiple of your income
Seems sort of silly.
5x
35
65
We have $1,5M - goal is $6M
5x
35
65
We have $1,5M - goal is $6M
Anonymous
11/28/2015 07:50
Subject: Networth as a multiple of your income
4-5x (not including 2 pensions)
36/38
53/55
36/38
53/55
Anonymous
11/28/2015 07:37
Subject: Networth as a multiple of your income
Anonymous wrote:Anonymous wrote:Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.
Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.
People who track their spending and their budget and pay an interest in their finances.
This is a figure I know constantly. Mint figures it out for you for the most part. It is a good metric for making sure that you are always going in the right direction.
Anonymous
11/28/2015 07:35
Subject: Networth as a multiple of your income
1. 3x
2. 38
3. 65
2. 38
3. 65
Anonymous
11/28/2015 07:21
Subject: Networth as a multiple of your income
30 times (inheritance).
37
Around 50 hopefully
37
Around 50 hopefully
Anonymous
11/28/2015 06:00
Subject: Re:Networth as a multiple of your income
Seriously why on earth would you spend 30 whole seconds of your very valuable time doing this calculation
Anonymous
11/27/2015 22:30
Subject: Networth as a multiple of your income
Anonymous wrote:Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.
Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.
People who track their spending and their budget and pay an interest in their finances.
Anonymous
11/27/2015 22:29
Subject: Networth as a multiple of your income
Eight times
Anonymous
11/27/2015 22:03
Subject: Networth as a multiple of your income
Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.
Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.
Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.
Anonymous
11/27/2015 21:47
Subject: Networth as a multiple of your income
1. about 14 times (but mostly home equity so not accessible)
2. 42
3. as early as possible!
2. 42
3. as early as possible!
Anonymous
11/27/2015 19:47
Subject: Networth as a multiple of your income
Yep, I've read the three million "what is your net worth threads". This is another one.
Please share:
1. The ratio of your net worth to your HHI. E.g. is your net worth 5 times your HHI, or 0.2 times?
2. Your age
3. Age at which you intend or hope to retire
Please share:
1. The ratio of your net worth to your HHI. E.g. is your net worth 5 times your HHI, or 0.2 times?
2. Your age
3. Age at which you intend or hope to retire