How Old are You and What is Your Net Worth?

[kork13]

Originally Posted by noppenbd

Strangely, although we have lost at least $10K just in the last month or so in our retirement accounts, and our house value has dropped $20K or so since last year, because we accelerated our retirement savings this year we are still moving ahead. Since we are putting $20-30K in retirement each year drops of $10K, while painful, are relatively small compared to the contributions we are making.

Agreed. Moving aggressively forward with saving/debt redux regardless of the market can have a dramatic influence. I'm following the same thought processes right now, and even though my investments have lost, I'm saving so much more than that.

Originally Posted by moneybags

We must have the same portfolio. I also lost about 7% last month .

I think it's simply a function of all of us investing in essentially the same market. The more broadly you're diversified, the closer you become to the average. My investments (both regular and retirement) have also lost a total of ~$1500, a bit over 7% of my holdings. If you look at it (sorry, I haven't), my guess would be that the total market has dropped approximately 6-8% compared to 1 month ago.

[LivingAlmostLarge]

LOL moneybags probably I lost 20% in my DH's 401k alone for the year to date!

I should mention I am 29 years old.

[Johansen8]

around 30% of what you have

when I reach your age, I'd be a billionaire woot woot

that's according to the law of attraction , whatever the mind expects, it finds

whew

[Fern]

Age: 49.

Last time i checked, my net worth was $665,000. It used to be a lot higher before the market turmoil.

My only debt is $69K left on my 6% mortgage.

My complete financial profile is listed on my blog.

[Scanner]

ASSETS

Home: $320,000
Business: $40,000
Cars: $10,000
Retirement Accounts: $60,000
529's/Education IRA's: $15,000

LIABILITIES
Mortgage: $119,000
Business LOC: $10,000

NET WORTH: + $316,000
AGE: 40, Married

[redstapler]

24...single and still living with parents lol


Savings - $164,000
Checking - $4,500
Stocks - $11,000
401K - $8,500
Pension - $3000
Paid off car - worth about 14k

no loans of any kind.

Total net worth - $205k

Currently saving about 85% of my net paycheck.

[m3racer]

Originally Posted by redstapler

24...single and still living with parents lol


Savings - $164,000
Checking - $4,500
Stocks - $11,000
401K - $8,500
Pension - $3000
Paid off car - worth about 14k

no loans of any kind.

Total net worth - $205k

Currently saving about 85% of my net paycheck.

By far the most impressive profile on this thread given your age. Good work!!

[project15]

Age: 24, married

Net worth: $56k

[segmond]

30+yrs

Net worth: Negative $100k

No savings, no checking, no stocks, no 401k, mortgage, credit cards, no pension.

2 Old but reliable toyota cars.

[whitestripe]

I just turned 21 and my net worth apparently is just under $20k

This includes: assets in my home which are actually worth something, my car, my superannuation, my savings and current cash, credit card balances owing, car debt.

lol, i expect in six months time it will be something like -$450 000 when BF and I buy a house. woohoo.

[Johansen8]

Originally Posted by whitestripe

I just turned 21 and my net worth apparently is just under $20k

This includes: assets in my home which are actually worth something, my car, my superannuation, my savings and current cash, credit card balances owing, car debt.

lol, i expect in six months time it will be something like -$450 000 when BF and I buy a house. woohoo.

you are 70 percent ahead of your peers