Anonymous
12/09/2019 15:44
Subject: Re:What is your age and net worth?
69 and very high net worth. But a lot is in irrevocable trusts for our kids and grandkids, 529’s for grandkids and a charitable donor advised fund. There is plenty left over after that that we will spend or give away. I pay enough in taxes now and have no desire to pay more when I’m dead.
Anonymous
12/09/2019 15:43
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.
How do you calculate net worth? Do you include your house you have a big mortgage on?
https://www.nerdwallet.com/blog/finance/net-worth-calculator/
Thanks! 43 - $970k
Anonymous
12/09/2019 15:37
Subject: What is your age and net worth?
Anonymous wrote:38 and 39, $6m. We're both working full time and plan to continue doing so. We have 2 kids under 10.
You amassed this amount through your jobs?
Anonymous
12/09/2019 15:34
Subject: What is your age and net worth?
Anonymous wrote:Anonymous wrote:38 and 39, $6m. We're both working full time and plan to continue doing so. We have 2 kids under 10.
Why? If I had that much money at your age I'd scale back and spend more time enjoying my life and my kids.
Yes, this is something I think about doing, but I need to work out what I could do that I would enjoy and find meaningful. I really enjoy the job I currently do, although it would be better if the hours were shorter or I could do it part time, but I can't. I definitely want to work at least part time and I have many years ahead of me to do something, so the question is what!
Anonymous
12/09/2019 15:21
Subject: What is your age and net worth?
Anonymous wrote:38 and 39, $6m. We're both working full time and plan to continue doing so. We have 2 kids under 10.
Why? If I had that much money at your age I'd scale back and spend more time enjoying my life and my kids.
Anonymous
12/09/2019 15:20
Subject: Re:What is your age and net worth?
Anonymous wrote:I appreciate the posters who have included some details about what their net worth includes. Obviously a high net worth is a luxury no matter what it includes. DH and I are 39 and 40. Total net worth of $1.025 million (hit $1m earlier this year). We don't own any real estate. Our net worth is retirement $707K (his 401k, my tsp - though I don't work anymore), 529s ($75K), and CDs/cash ($243K). No debt. Our two cars are each 10+ years old, so might be worth $3-5K combined. I didn't included them in our total net worth, since I'm really not sure what they are worth.
Yea I wouldn't count old and depreciating cars in the net worth.
Anonymous
12/09/2019 15:02
Subject: What is your age and net worth?
38 and 39, $6m. We're both working full time and plan to continue doing so. We have 2 kids under 10.
Anonymous
12/09/2019 14:56
Subject: What is your age and net worth?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
It is very easy to do the math. Your net worth is your assets minus your liabilities. So in your case, you would add up the value of all of your real estate, plus your savings, and subtract your mortgages and any other debt. Your household income of 300 K has zero to do with your net worth.
So, in that case net worth around 900K. But, that is with property values now, who knows in 10 years how much could I sell it for? Hopefully more, but that is not assured. Age, 49. We do have 401 and retirement saved.
No one asked what you think your net worth will be in ten years. We're talking about now.
OK. Ms Grinch! I was just writing!
I’m not the PP, but 401k and other savings are part of your net worth also.......
Anonymous
12/09/2019 14:55
Subject: Re:What is your age and net worth?
I appreciate the posters who have included some details about what their net worth includes. Obviously a high net worth is a luxury no matter what it includes. DH and I are 39 and 40. Total net worth of $1.025 million (hit $1m earlier this year). We don't own any real estate. Our net worth is retirement $707K (his 401k, my tsp - though I don't work anymore), 529s ($75K), and CDs/cash ($243K). No debt. Our two cars are each 10+ years old, so might be worth $3-5K combined. I didn't included them in our total net worth, since I'm really not sure what they are worth.
Anonymous
12/09/2019 14:49
Subject: What is your age and net worth?
Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
It is very easy to do the math. Your net worth is your assets minus your liabilities. So in your case, you would add up the value of all of your real estate, plus your savings, and subtract your mortgages and any other debt. Your household income of 300 K has zero to do with your net worth.
So, in that case net worth around 900K. But, that is with property values now, who knows in 10 years how much could I sell it for? Hopefully more, but that is not assured. Age, 49. We do have 401 and retirement saved.
No one asked what you think your net worth will be in ten years. We're talking about now.
OK. Ms Grinch! I was just writing!
Anonymous
12/09/2019 14:48
Subject: What is your age and net worth?
Anonymous wrote:Anonymous wrote: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.
It is very easy to do the math. Your net worth is your assets minus your liabilities. So in your case, you would add up the value of all of your real estate, plus your savings, and subtract your mortgages and any other debt. Your household income of 300 K has zero to do with your net worth.
So, in that case net worth around 900K. But, that is with property values now, who knows in 10 years how much could I sell it for? Hopefully more, but that is not assured. Age, 49. We do have 401 and retirement saved.
No one asked what you think your net worth will be in ten years. We're talking about now.
Anonymous
12/09/2019 14:39
Subject: What is your age and net worth?
Anonymous wrote: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.
It is very easy to do the math. Your net worth is your assets minus your liabilities. So in your case, you would add up the value of all of your real estate, plus your savings, and subtract your mortgages and any other debt. Your household income of 300 K has zero to do with your net worth.
So, in that case net worth around 900K. But, that is with property values now, who knows in 10 years how much could I sell it for? Hopefully more, but that is not assured. Age, 49. We do have 401 and retirement saved.
Anonymous
12/09/2019 14:27
Subject: What is your age and net worth?
55, about $1.6 million
Anonymous
12/09/2019 14:17
Subject: Re:What is your age and net worth?
Anonymous wrote: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.
Northern va. In all of va there is a single plan that’s a ppo that’s available for an individual. For that you can have gold or silver - we do the “cheaper” silver one. We could do an hmo but want a ppo.
Anonymous
12/09/2019 14:05
Subject: What is your age and net worth?
Anonymous wrote:This thread is depressing.
Yes!!