What is your net worth? I illustrated my net worth below

[LivingAlmostLarge]

Our income has varied a lot over 13 years as well. We made $20k to $175K. plus we went down to 1 income and then added 2 kids. It's not what you make it's what you save. Plus in 2006 when we got our real first job and we had $4k in retirement savings. Since then we just saved the maximum and my DH was able to get retirement accounts being foreign. So the only savings previously was done by me and we were graduate students.

[Fizgig]

35, single, $95k/yr (was making more like 70k until last year)

Assets:
Retirement: 158k
Liquid: 40k
House: 150k

Liabilities:
Mortgage: 87k

Net worth ~ 260k

I'm comfortable calling that an A. I live cheaply, have solid earning power, and don't feel a driving need to be uber rich.

[MonkeyMama]

And then you have to decide if you're just talking salary, or do you include capital gains, dividends, etc.

For past 13 years our income was $20k-$100k. We take home far more on $80k today than we ever did on a $100k (2-income) salary (taxes taxes taxes). I had a nice work retirement benefit (10% employer contribution) for about 8 years, but for the most part we have never had any other work benefits. This also means 15% of my salary has gone to private health insurance for a long time (ever rising). We also have a lot of tax-free and non-traditional side hussles (like our credit card rewards). So I think this number is pretty arbitrary. But all of this said, no we have not been living on $20k or $200k. I understand this narrows it down and gives some perspective.

[feh]

Pretty sure our income wouldn't help, our expenses are way more consistent than our income. But for income, we have ranged from 30k to I suspect this year over 120k somewhere. We've averaged for most of our savings years at 60k which is probably more useful.

We've been saving for 20 years, and our income has a pretty wide range during that time - anywhere from 60K to 160K. And then you have to decide if you're just talking salary, or do you include capital gains, dividends, etc.

[Caoineag]

This seems kind of arbitrary to me if we're not listing income. Our household income is about $70,000 to $80,000 depending on the year.

Pretty sure our income wouldn't help, our expenses are way more consistent than our income. But for income, we have ranged from 30k to I suspect this year over 120k somewhere. We've averaged for most of our savings years at 60k which is probably more useful.

[LivingAlmostLarge]

I haven't looked in so long...sooo now I am curious. We've been on autopilot for 3 years now 35 and 33 with 2 kids, 1 income.

Condo $600k
Retirement $385k
College $10k
Taxable Account $140k
EF $40k
=$1.175M

Debts
Mortgage $402k

= $773k Net Worth.

Um wow. I hadn't realized that we had saved so much or our assets were over a million. Happy day. We really need to consider moving however and I'm not sure what will happen with our condo. I definitely can get $600k probably more since the market is heating up. I don't like the prospects of buying SFH.

My goal is break $400k in retirement accounts this year and really consider saving more for college. I still can't wrap my head around it until we buy our final home. Yes I want a lot of things and one of them is a SFH with garage and yard.

[TBH]

This seems kind of arbitrary to me if we're not listing income. Our household income is about $70,000 to $80,000 depending on the year.

Age 36/50

Assets:
Cash: 61,500
Retirement: 207,000
Taxable/529s: 90,000
House Value 250,000

Debt:
Mortgage: 172,000

Net Worth $436,500


I'd give us a B- because we're a bit behind on retirement savings considering the age of my DH. We also bought a bit too much house. We're doing okay but the house is making it harder to save.

[Caoineag]

I'll play.

Ages 32 and 30 (I'm the older one)

Assets
Investments $76,498
Home $200,000
Car $11,000

Debts
Mortgage $112,160
Student Loans $6,859
Credit Cards $8,979
Car Loan $9,213

Networth $150,287

As of 2009, we had a negative networth so I will give us an B at this point. Ask me in another 2 months and the credit card category will have already disappeared.

[Blessed]

Before anyone gets to hard on themselves, remember that a net worth number is just that. A number. You have to look at factors like income, age, and annual expenses. Don't look at just the number itself.

Oh I'm not hard on myself. Our expenses are pretty low right now. I know exactly how many years the $ would last us if all costs stay as they are today. I know there is 0 chance of that happening. It needs to grow a lot to make it thru the type of retirement we want. We are great savers on income earned so for that we get an A. One issue is I kept things so low risk for so long.


I will say though if we consider a C average tons of us posting are above average. I saw statistics a while back on what the average person has in assets and for retirement. Not good.

[bjl584]

I'm going to give us a C+

Before anyone gets to hard on themselves, remember that a net worth number is just that. A number. You have to look at factors like income, age, and annual expenses. Don't look at just the number itself.

[shaggy]

Sure, I'll play.

Assets:
-----------
Retirement 248,516
Non-retirement stocks/bonds 18,770
Cash 86,679
Gold/Diamonds 60,000

TOTAL ASSETS: 413,967


Liabilities:
--------------
Zero


Total Net Worth:
-----------------
413,967


It looks pretty good if I don't factor in that I'm 50 years old and seriously behind in my retirement savings. Good thing I don't plan on retiring.


ETA: Forgot to include my biggest asset, my company. Two years ago my share was estimated (by an expert) at 2.5 million (not that I think it's an easy asset to sell, but it could be. It generates a lot of cash).

Repeating my own post to give myself a grade.

I'd give myself a D. I'm saving more than 30% of my income now, but I fear it won't be enough for my old age.

[mrpaseo]

Put me in the embarrassed category, but here goes.

We are both 40 (She is three days older than I)

Home Value: $140k (We are located in a good spot, development in the area will make this go up in the near future, many other houses on the street have sold for excess of $160k)

Stuff (Collections, Harley, SUV (We have received offers on the SUV): :60,150

Precious Metals, Cash: $5,751.21

Retirement accounts: $89,846.14

Total: $279,747.35


Liabilities:

HELOC: $17k even


Net worth: $262,747.35

We are -$72,649.45 from where I need to be with the retirement accounts, we have a plan to make this shortage up.

________________

Our current plan will put us at age 50 our ROTH and 401k will be at $446k (If we earn 8% per year)

At 65 our plan will have us at 1,415k (In ROTHs and 401k, pending we earn 8%).

[Blessed]

I'm going to give us a C+

[QuarterMillionMan]

I just thought of this but what letter grade would you give yourself. Given my age I would give myself a "C." If I were double my net worth at my age now then I'd give myself an "A." I'm open to being graded by others also.

[shaggy]

I was waiting to see if anyone asked that question or included those things. Shaggy did include non-financial assets (gold and diamonds) but nobody else has yet.

Not to quibble, but gold and diamonds are more liquid than a house IMNSHO, and definitely assets if you've bought them as such (i.e. didn't buy them as retail).

I wouldn't include antiques or art because the bottom has dropped out of those markets, which is a shame since I do have some nice art.