Anonymous
10/11/2025 12:27
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Why are people on DCUM so obsessed with this? And how do they even know the number?
It's called financial planning. Everyone should be aware of their NW and have goals for retirement $$
I do a lot of financial planning but a figure for net worth is irrelevant. It is not a useful concept for financial planning. Instead I am trying to match my income with my expenses.
Agree. NW is irrelevant to my financial planning as well. Yes, I know the number when I include primary home’s equity but that home equity does not factor in because I’m not moving or selling. My financial planning includes everything but primary home equity (and includes mortgage payments until we pay off house).
Anonymous
10/11/2025 10:43
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:Anonymous wrote:People who insist that home equity should be included in their net worth are just trying to inflate their numbers.
Insane. There is literally a definition of net worth you can look up.
In your mind, someone who owns a 10 million dollar home outright should be considered to have an equal net worth who owns a 1 million dollar home?
Your home absolutely counts. If you didn’t own a home, you’d be paying rent and have no equity. Why on earth you’d you not count it?
If it's there primary home, yes. Your residence shouldn't count.
Anonymous
10/11/2025 09:32
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:Why are people on DCUM so obsessed with this? And how do they even know the number?
It's called financial planning. Everyone should be aware of their NW and have goals for retirement $$
I do a lot of financial planning but a figure for net worth is irrelevant. It is not a useful concept for financial planning. Instead I am trying to match my income with my expenses.
Anonymous
10/11/2025 09:26
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:Why are people on DCUM so obsessed with this? And how do they even know the number?
How do you not know the number?
I can back-of-the-envelope mine, but it’s not something I obsess over. I know how I’m paying my current bills, I know much I’ll have guaranteed coming in when I retire, and the rest is gravy. Because I will have a pretty generous pension, I’m keeping most of my retirement funds in the market rather than stepping down into bonds and securities. I check the balance about twice a year. I think I’m getting some kind of inheritance but no idea how much and I don’t count on it - never count other people’s money.
Anonymous
10/11/2025 09:19
Subject: What's your net worth?
Anonymous wrote:Why are people on DCUM so obsessed with this? And how do they even know the number?
How do you not know the number?
Anonymous
10/10/2025 12:36
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:checked last night with the wife. 870k all in, including home equity. we're both 30 years old
140k home equity, 300k by me, 430k by her
at this point i wonder what counts as top 1% in the nation in terms of net worth at different age ranges. google's results dont convince me. and its hard to compare with my social circle in DC because everybody also has high powered careers and are earning well despite our age
Inheritances also skew everything. We make significantly more than most of our friends and save a ton but many of them are getting $10-20M+ inheritances (some are already starting the transfer process or whatever it’s called).
Don't get why "inheritances skew everything"? Plenty of people receive $$$/inheritances. Our kids will/we have started gifting them in their 20s. Their friends and co-workers probably already know. Just from the trips they get to go on with us, let alone if they know our kids get to fly premium select and sometimes business for those trips. Why does that matter
Anonymous
10/10/2025 12:22
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:Anonymous wrote:We're married, ages 60 and 61. We have about a half million in retirement accounts, half million in home equity and maybe $20k in other accounts. Call it a million.
I include the home equity because we will cash out at some point and become renters in an apartment / over 55 some sort of place.
Who says there aren't optimists anymore? They gave us a mortgage at 3% that will be paid off when we're 82 and 83.
It is crazy what lenders approve these days.
Why? At 55, most are prepared for retirement, and can easily afford a mortgage for a smaller place. They can see they will get paid, much better risk than a 35 yo
Anonymous
10/10/2025 12:17
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:We're married, ages 60 and 61. We have about a half million in retirement accounts, half million in home equity and maybe $20k in other accounts. Call it a million.
I include the home equity because we will cash out at some point and become renters in an apartment / over 55 some sort of place.
Who says there aren't optimists anymore? They gave us a mortgage at 3% that will be paid off when we're 82 and 83.
It is crazy what lenders approve these days.
Anonymous
10/10/2025 12:13
Subject: What's your net worth?
Anonymous wrote:We're married, ages 60 and 61. We have about a half million in retirement accounts, half million in home equity and maybe $20k in other accounts. Call it a million.
I include the home equity because we will cash out at some point and become renters in an apartment / over 55 some sort of place.
Who says there aren't optimists anymore? They gave us a mortgage at 3% that will be paid off when we're 82 and 83.
Anonymous
10/10/2025 11:29
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:checked last night with the wife. 870k all in, including home equity. we're both 30 years old
140k home equity, 300k by me, 430k by her
at this point i wonder what counts as top 1% in the nation in terms of net worth at different age ranges. google's results dont convince me. and its hard to compare with my social circle in DC because everybody also has high powered careers and are earning well despite our age
Inheritances also skew everything. We make significantly more than most of our friends and save a ton but many of them are getting $10-20M+ inheritances (some are already starting the transfer process or whatever it’s called).
Same. My parents aren't transferring anything before their death, and by then I'll probably be so old that it doesn't matter for me, but it's nice for my kids.
Anonymous
10/10/2025 11:28
Subject: What's your net worth?
Anonymous wrote:Why are people on DCUM so obsessed with this? And how do they even know the number?
It's called financial planning. Everyone should be aware of their NW and have goals for retirement $$
Anonymous
10/10/2025 10:27
Subject: What's your net worth?
Anonymous wrote:checked last night with the wife. 870k all in, including home equity. we're both 30 years old
140k home equity, 300k by me, 430k by her
at this point i wonder what counts as top 1% in the nation in terms of net worth at different age ranges. google's results dont convince me. and its hard to compare with my social circle in DC because everybody also has high powered careers and are earning well despite our age
Inheritances also skew everything. We make significantly more than most of our friends and save a ton but many of them are getting $10-20M+ inheritances (some are already starting the transfer process or whatever it’s called).
Anonymous
10/10/2025 09:57
Subject: What's your net worth?
checked last night with the wife. 870k all in, including home equity. we're both 30 years old
140k home equity, 300k by me, 430k by her
at this point i wonder what counts as top 1% in the nation in terms of net worth at different age ranges. google's results dont convince me. and its hard to compare with my social circle in DC because everybody also has high powered careers and are earning well despite our age
140k home equity, 300k by me, 430k by her
at this point i wonder what counts as top 1% in the nation in terms of net worth at different age ranges. google's results dont convince me. and its hard to compare with my social circle in DC because everybody also has high powered careers and are earning well despite our age
Anonymous
10/10/2025 09:22
Subject: What's your net worth?
Anonymous wrote:Anonymous wrote:People who insist that home equity should be included in their net worth are just trying to inflate their numbers.
Insane. There is literally a definition of net worth you can look up.
In your mind, someone who owns a 10 million dollar home outright should be considered to have an equal net worth who owns a 1 million dollar home?
If it's there primary home, yes. Your residence shouldn't count.
Anonymous
10/10/2025 09:20
Subject: What's your net worth?
Why are people on DCUM so obsessed with this? And how do they even know the number?