Anonymous
Post 12/09/2019 14:05     Subject: Re:What is your age and net worth?
Anonymous wrote:
Anonymous wrote:OP here. I wouldn't count pensions. I'm not counting Social Security.

My breakdown is: retirement accounts 3.4 million, brokerage/checking/savings accounts $1.6 million, home equity $750k.

I quit working 5 years ago. Had worked in BigLaw.

Are others with healthy net worth continuing to work? If so, why?


Does your wife work?


No. Never did.
Anonymous
Post 12/09/2019 13:59     Subject: What is your age and net worth?
Anonymous wrote:I have no idea. Out HHI is around 300K. We own two condos fully paid for, one here, one in Europe. One rented and mom gets the income from the rent over there, because she needs it. Condo in the mountains... we are not renting, so it is a bit of drain, but we like it.( condos might add upto 700K) Right now we have 2 in college so not saving. We have about 300K in this house cash put in. So, I guess, by dcum standards we are piss poor.


You need to add what is your 401Ks and any other savings account then post along with your ages. It will be more than 1M already posted by you which you seem to think is poor.
Anonymous
Post 12/09/2019 13:58     Subject: Re:What is your age and net worth?
Anonymous wrote:OP here. I wouldn't count pensions. I'm not counting Social Security.

My breakdown is: retirement accounts 3.4 million, brokerage/checking/savings accounts $1.6 million, home equity $750k.

I quit working 5 years ago. Had worked in BigLaw.

Are others with healthy net worth continuing to work? If so, why?


Does your wife work?
Anonymous
Post 12/09/2019 13:44     Subject: Re:What is your age and net worth?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP here. I wouldn't count pensions. I'm not counting Social Security.

My breakdown is: retirement accounts 3.4 million, brokerage/checking/savings accounts $1.6 million, home equity $750k.

I quit working 5 years ago. Had worked in BigLaw.

Are others with healthy net worth continuing to work? If so, why?

Health insurance and trying to instill a work ethic in my kids who will likely inherit a lot of money one day, thanks to wealthy ILs.


Meh. With a high net worth you don’t need employer health insurance. You can just buy your own.


I'm a high net worth person and quit working. I've posted on here before, however, that health insurance is very expensive. I'm not complaining but just stating the facts. It increases again next month to about $5100 a MONTH for a family of four. Yes, we can "just buy our own" but that is quite a bit of "change."


Where do you live? I just did a search on the DC Health Exchange and the MOST expensive top of the line plan that they offer for a family of four doesn't even cost half that.
Anonymous
Post 12/09/2019 13:19     Subject: Re:What is your age and net worth?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OP here. I wouldn't count pensions. I'm not counting Social Security.

My breakdown is: retirement accounts 3.4 million, brokerage/checking/savings accounts $1.6 million, home equity $750k.

I quit working 5 years ago. Had worked in BigLaw.

Are others with healthy net worth continuing to work? If so, why?

Health insurance and trying to instill a work ethic in my kids who will likely inherit a lot of money one day, thanks to wealthy ILs.


Meh. With a high net worth you don’t need employer health insurance. You can just buy your own.


I'm a high net worth person and quit working. I've posted on here before, however, that health insurance is very expensive. I'm not complaining but just stating the facts. It increases again next month to about $5100 a MONTH for a family of four. Yes, we can "just buy our own" but that is quite a bit of "change."
Anonymous
Post 12/09/2019 13:15     Subject: Re:What is your age and net worth?
Anonymous wrote:I guess I am too poor because I'm not even sure how to calculate one's net worth. Assets minus debts?



Just read the entire thread and used the calculator someone posted. I'm not as poor as I thought! I am worth $69K! Woo hoo!
Anonymous
Post 12/09/2019 13:15     Subject: Re:What is your age and net worth?
Mine is high. Won't help anyone to post it...
Anonymous
Post 12/09/2019 13:11     Subject: Re:What is your age and net worth?
I guess I am too poor because I'm not even sure how to calculate one's net worth. Assets minus debts?
Anonymous
Post 12/09/2019 12:30     Subject: What is your age and net worth?
DH and I are both 36, net worth is about $900K combined.
Anonymous
Post 12/09/2019 12:30     Subject: What is your age and net worth?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I'll start. I''m 57 and my net worth is $5.7 million.


60 and 56 - $2.45mil


So 1.23


Family net worth is fine. So 2.45
Anonymous
Post 12/09/2019 12:28     Subject: Re:What is your age and net worth?
Anonymous wrote:
Anonymous wrote:35(me) 40(DH) - our net worth across all accounts (including 401K, 529s, etc.) is at exactly 1,000,000 as of a few weeks ago and we have about 500K in equity in our house. Two young kids (3 and 1).


So your net worth is $1.5 million - not $1 million.

This math isn't that complicated, people.



PP - i am aware. But I think it's helpful to point out where the net worth comes from. That's why I included both (used the "and" to indicate that we have that equity in the house).
Anonymous
Post 12/09/2019 12:26     Subject: Re:What is your age and net worth?
Anonymous wrote:35(me) 40(DH) - our net worth across all accounts (including 401K, 529s, etc.) is at exactly 1,000,000 as of a few weeks ago and we have about 500K in equity in our house. Two young kids (3 and 1).


So your net worth is $1.5 million - not $1 million.

This math isn't that complicated, people.

Anonymous
Post 12/09/2019 12:23     Subject: What is your age and net worth?
Anonymous wrote:41. $8 mil.


This was me and I should clarify I inherited from parents dying young and thx to stock market have done VERY well last few years.
Anonymous
Post 12/09/2019 12:20     Subject: Re:What is your age and net worth?
35(me) 40(DH) - our net worth across all accounts (including 401K, 529s, etc.) is at exactly 1,000,000 as of a few weeks ago and we have about 500K in equity in our house. Two young kids (3 and 1).
Anonymous
Post 12/09/2019 11:58     Subject: Re:What is your age and net worth?
Such an annoying post, and typical of DCUM.