What's your net worth?

[sv2007]

This is one of the most important numbers for people building wealth. There are others, but this is one number that I think most people with a slightly more than a passing interest in their finances will know, without a lot of looking up.

[GoodSteward]

I will fall under "working on it." I hope to be in a positive net worth in the next 5 years. My mortgage is the biggest reason I'm not yet.

[DaveInPgh]

I will fall under "working on it." I hope to be in a positive net worth in the next 5 years. My mortgage is the biggest reason I'm not yet.

Is your mortgage underwater?

[phantom]

This poll is hard to answer without ranges. Are we meant to pick the closest number?

[DaveInPgh]

This poll is hard to answer without ranges. Are we meant to pick the closest number?

I was thinking the same thing. Those are some huge differences between the numbers.

[sv2007]

This poll is hard to answer without ranges. Are we meant to pick the closest number?

yes; just pick the general range.

[tripods68]

This is just adding more insult after Brexit!

[bjl584]

$0 to $500K is a pretty big gap.

You need a $250K selection.

[phantom]

$0 to $500K is a pretty big gap.

You need a $250K selection.

Agreed, especially when $0 includes negative! $500k is pretty far away from a negative net worth. But, maybe the assumption is that most regulars are at least in positive territory.

[Eagle]

Here's the range I'd suggest to make it more relevant:

$0-$100k
$101k to $250k
$251k to $500k
$501k to 1 Mil
1.1 Mil to 5 Mil
5 Mil +

Although, it really does matter what your income and age are in relation to your net worth. Someone who has a net worth of $200k in their 20's is doing significantly better than someone with the same $200k net worth in their 50's for example.

[GoodSteward]

Is your mortgage underwater?

Not really. House is worth around 95k$ and I owe around 72k$ (Remember i'm in a small town in the south so a LCOL = Lower house value). My income was only in the 40s to 50s until 4 years ago, and it has slowly gone up from there. I have been stupid and used a lot of my cash flow to cash flow some different things like replacing our carpet in the house with vinyl plank, and finishing that office building beside for our house. Even at my current 80-90k income it will take some time for us to get into a positive net worth. I have a lot of obligations outside of debt that keep my cash flow pulled back more than I would like. I'll get there!