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

[KTP]

House $400K
Retirement $500K
Taxable $350K

Debt $130K on house

Note that I have $150K in cash in our taxable account but choose not to pay off the 3.35% 10 year loan we have on it....my reasoning is I want to pounce on a market opportunity like we had in 2009 and 2011.

So Net worth is about $1,120,000

If I count the house at fire sale liquidation, I estimate I could get $300,000 for it tommorow. The $400,000 would take 6 months to a year with an agent. So that would put our liquid net worth at $1,020,000.

When I get our liquid net worth to 1,250,000, we are so outta here

[Goldy]

Age 29/29

Investments/401k; 390,000
Bonds: 15,000
Cash: 27,000
House Value 392,000
Company Stock 25,000

Debt
House 238,000
Car 1,500
Student Loan 10,000

Net Worth $599,500


I track my net worth often and its probably the most entertaining number to track because its influenced with income AND paying down debt. Its shocking how fast that can increase.

[NetSkyBlue]

Mine's pretty pathetic, but it's not negative. It was very negative when I joined this forum a couple of years ago.

Assets:
Car, KBB value, assuming "good" condition: $17,200
Jewelry (I work in the jewelry business and could very easily liquidate most, for a fairly decent price): $5000
401k: $24,340
Bank Acct: $9,420
Total: 55,960

Liabilities
Car loan: $14,240 (expect to pay off in full in December).

Net Worth: $41,720

Age: 29

[humandraydel]

Age 31

Retirement = 120K
Cash = 17k
Home equity = 30k

[QuarterMillionMan]

I forgot to include my age, I'm 47. Given that fact I am way behind in my retirement fund. I'm intending to work in my 70's or even 80's if my mind & body doesn't give out before then. Too many times I hear people wishfully and unrealistically saying that they want to retire in their 50's or 60's but don't have the means to do so or they have a boatload of debt in which they cannot realistically sustain the same standard of living. My goal is to get to a net worth of $1 million or even $1.5 million would be even better upon retirement, God willing and a lot of discipline on my part.

[Vpxggmr17]

Retirement: $10,000
Checking/Savings: $14,000
House value: $0
Assets: $12,000

Mortgage: $0
Debts: $40,500

Net Worth: -4500

I'm 24 and had a negative net worth of -$35,000 12 months ago, so working hard on it.

[rennigade]

Retirement/Investments - $201,000
Cash - $73,000

Wife cash/investments/retirement - $140000

Total: $414k


Age: 30 and 28

[GREENBACK]

Excluding the value or future value of my pension, I'm at around $500k. Never sure whether to include a pensions value or not. I look at this net worth stuff kind of the same way as a credit score; At some point the number becomes a lot less meaningful. I'm 48 btw.

[MonkeyMama]

I actually use car values in our net worth tracking. It's just I have them both valued at $0 right now. I depreciate our vehicles pretty rapidly, and both our current cars were bought very inexpensively about a decade ago.

I wouldn't bother to inventory the rest of our "stuff." More hassle than its worth, though I would include any asset of high value if I had any.

[Blessed]

Assets (that are fairly easy to liquidate IMO)
Home = $415,000
vehicles/RV = $48,000
retirement = $248,000
cash = $19000

liabilities
mortgage = $256,000

Net Worth = $474,000

I have a few valuables such as ATV's, antique grandfather clock, etc. that have a decent amount of value, but I look at net worth like what would be left in the event of my death for my children and I assume most of the valuable assets around the home would be kept by family and friends so I dont include them.

Oh and my wife and I have a combined $1,217,000 in life insurance to care for our 4 kids in the event of our death so like alot of people........I AM WORTH MORE DEAD THAN ALIVE!!! lol

Currently 39 yrs old.

That made me giggle. We are worth more dead than alive also. I think my 17 and 20 year old would gladly keep our vehicles and camper since they are newer and better than what they drive I'd me more afraid they would toss our 1800's furniture and dishes.

[feh]

Wife and I are both 47. No debts.

330K house
1240K retiremement (includes 401K, IRAs, taxable accounts)
125K company stock

$1.7M total

Additional comments:

• 529 is fully funded for our son, currently 13
• "company stock" is actually LLC membership, which provides additional annual income
• we're at the point that effect of market performance is much more important than continuing contributions to retirement accounts

[bigdaddybus]

Assets (that are fairly easy to liquidate IMO)
Home = $415,000
vehicles/RV = $48,000
retirement = $248,000
cash = $19000

liabilities
mortgage = $256,000

Net Worth = $474,000

I have a few valuables such as ATV's, antique grandfather clock, etc. that have a decent amount of value, but I look at net worth like what would be left in the event of my death for my children and I assume most of the valuable assets around the home would be kept by family and friends so I dont include them.

Oh and my wife and I have a combined $1,217,000 in life insurance to care for our 4 kids in the event of our death so like alot of people........I AM WORTH MORE DEAD THAN ALIVE!!! lol

Currently 39 yrs old.

[disneysteve]

Are we supposed to be counting assets like antiques? toys, cars etc or $ in pension fund?

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.

When I calculate my net worth, I tend to stick to financial assets that are easily liquidatable (is that a word?). I don't typically include the value of our house because we're not planning on selling it unless we hit some major financial catastrophe and assigning it a value is just a rough estimate of what it would actually sell for. Sure our cars, clothing, jewelry, household belongings, collectibles, etc. all have some value but they aren't easily converted to cash (well I suppose the cars are).

I don't have my spreadsheet on this computer but I'll post numbers later.

[Blessed]

Retirement and cash assets $574,000.11

Home $224,990
-----------------------------------------
Total ~ $798,000.11



No debts

We are 43

Are we supposed to be counting assets like antiques? toys, cars etc or $ in pension fund?

[TheMom]

We are 42/43.
Retirement: $654,000
Checking/Savings: $32,000
House value: $220,000
Assets: $906,000

Mortgage: $14,000
Debts: $14,000

Net Worth: $892,000