$183k HHI, split about equally. DH is early 30's and I'm mid 30's, net worth is probably less than $50k.

180K HHI, 400K in investments, retirement, and liquid assets. No debt at all (looking to buy, so we'll saddle ourselves with a mortgage soon).

30 years old.

Anonymous wrote:

Anonymous wrote:This really will be a useless thread if there is no uniformity on how people are calculating their net worth. One pp excluded student loans, but I would think you should include them because they are not easily discharged. And then there is what to do about your home value/mortgage. I think either you have to exclude both or you net them by calculating what you would walk away with if you were to sell your home today. And of course, that requires some sort of guess as to what the fmv of your house is right now, and of course that could easily change (up? down? who knows?) in the next several years. To the pp with $600k tied up in real estate, is that your net equity or the value of the property without considering any debt it secures?

For some reason, while the threads about HHI tend to attract a diverse economic range, the threads about net worth never do. I'll take a shot at increasing the responses from people with small net worths: HHI is $240k; net worth is about $400k, including home equity and student loans.

600k isn't all in real estate. I estimated about 350k in real estate (we have a 2-br rental apartment valued at around 400k with about 60K worth of mortgage left to pay on it. We also have 70K equity in our current home. If you factor in the cost of selling either place I'm figuring we'd net out 350k if we sold both.) We also have 150k in stocks and (I think, but I haven't checked lately) 100k in retirement. No credit card or student loan debt.

You don't have a total net worth of 600K, because your net worth is actually 400K+70K+150K+100K - the mortgages on your homes. Depending on the mortgage on your current home, could be a lot less than 600K.

Anonymous wrote:We make a combine $250k or so, and excluding our extremely onerous student loans and our mortgage, our net worth is around $50k.

I am sorry, no offense, but why are you excluding your student loans? There is no tangible equity there. At least with the home there is--you can sell it or it can go up in value.

I personally, do not see a reason to leave student loans unpaid while getting on with a mortgage and other debt.

Our income is $235K, and our net worth is about $250K. Mid-30s.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why are all these stupid threads being posted under General Parenting Discussion? Can't you all move your gloating to Off Topic so we can get back to our mommy wars? Thank you.

How is it gloating to admit to a negative net worth, or to having $3 mill from family?

How are these discussions relevant to a PARENTING forum?

Parenting costs money, for everything from diapers to daycare to college education.

Anonymous wrote:

Anonymous wrote:Why are all these stupid threads being posted under General Parenting Discussion? Can't you all move your gloating to Off Topic so we can get back to our mommy wars? Thank you.

How is it gloating to admit to a negative net worth, or to having $3 mill from family?

How are these discussions relevant to a PARENTING forum?

Anonymous wrote:Why are all these stupid threads being posted under General Parenting Discussion? Can't you all move your gloating to Off Topic so we can get back to our mommy wars? Thank you.

How is it gloating to admit to a negative net worth, or to having $3 mill from family?

Anonymous wrote:We're early 30's and our net worth is roughly equal with our income. Both around 180K.

Anyone know what a financial adviser would advise your net worth should be at each age?

The Millionaire Next Door has good formulas. Also, the February Kiplinger's talks about the salary to retirement savings ratio at each age; eg, at 40, your retirement savings should be twice your gross income.

Anonymous wrote:This really will be a useless thread if there is no uniformity on how people are calculating their net worth. One pp excluded student loans, but I would think you should include them because they are not easily discharged. And then there is what to do about your home value/mortgage. I think either you have to exclude both or you net them by calculating what you would walk away with if you were to sell your home today. And of course, that requires some sort of guess as to what the fmv of your house is right now, and of course that could easily change (up? down? who knows?) in the next several years. To the pp with $600k tied up in real estate, is that your net equity or the value of the property without considering any debt it secures?

For some reason, while the threads about HHI tend to attract a diverse economic range, the threads about net worth never do. I'll take a shot at increasing the responses from people with small net worths: HHI is $240k; net worth is about $400k, including home equity and student loans.

600k isn't all in real estate. I estimated about 350k in real estate (we have a 2-br rental apartment valued at around 400k with about 60K worth of mortgage left to pay on it. We also have 70K equity in our current home. If you factor in the cost of selling either place I'm figuring we'd net out 350k if we sold both.) We also have 150k in stocks and (I think, but I haven't checked lately) 100k in retirement. No credit card or student loan debt.

Why are all these stupid threads being posted under General Parenting Discussion? Can't you all move your gloating to Off Topic so we can get back to our mommy wars? Thank you.

Anonymous wrote:

Anonymous wrote:We make $250 and have a net worth of rought $3 million - 1 kid, will probably have 1 more and we're both 30.

Is this all from investments, or do either of you have family money?

Most of it is family money - a little bit from both sides. Our relatively high net worth does impact our earnings, though. We both previously worked in the private sector and each took about a 70% pay cut to move to the public sector, which gives us more time at home with our son. We wouldn't have been able to swing that if we hadn't had family support both because we are too cautious financially to not have emergency savings and because we live in an area without a good public school option and so we are relying on our family to pay for private school. This gives us the freedom to not save as much without sacrificing too much.

^^^ Sorry, should say net *worth*

HHI $170K; net work about $1.5M.

This really will be a useless thread if there is no uniformity on how people are calculating their net worth. One pp excluded student loans, but I would think you should include them because they are not easily discharged. And then there is what to do about your home value/mortgage. I think either you have to exclude both or you net them by calculating what you would walk away with if you were to sell your home today. And of course, that requires some sort of guess as to what the fmv of your house is right now, and of course that could easily change (up? down? who knows?) in the next several years. To the pp with $600k tied up in real estate, is that your net equity or the value of the property without considering any debt it secures?

For some reason, while the threads about HHI tend to attract a diverse economic range, the threads about net worth never do. I'll take a shot at increasing the responses from people with small net worths: HHI is $240k; net worth is about $400k, including home equity and student loans.