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What is the average Miscer's net worth?
01-24-2020, 01:08 PM
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#61
- Clydesdale1991
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- Clydesdale1991
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Originally Posted By Visel⏩
Just graduated college (graduate school) and about to get an offer that will double my income and move in with my financee so my costs for some things will half.
But currently at the ripe age of 28:
$150,000 Land (Conservative, do not plan on selling this ever or at least a long time)
$23,000 Assets (Cars, Computers, TV, Gym equipment...etc)
$16,000 Liquid (Working on investing, don't judge)
$7,700 401k
$7,200 Roth IRA (Have another $4800 still to put in for 2020)
Total: $203,900
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01-24-2020, 01:16 PM
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#62
- mrowe8
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Please for all that is good in this world, none of you should be comparing yourselves to that chart. If you can in fact relate to that chart, stop everything you are doing financially and start doing the complete opposite.
01-24-2020, 01:16 PM
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#63
- twovalvekid
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Originally Posted By Clydesdale1991⏩
Owe anything on the land?Just graduated college and about to get an offer that will double my income and move in with my financee so my costs for some things will half.
But currently at the ripe age of 28:
$150,000 Land (Conservative, do not plan on selling this ever or at least a long time)
$23,000 Assets (Cars, Computers, TV, Gym equipment...etc)
$16,000 Liquid (Working on investing, don't judge)
$7,700 401k
$7,200 Roth IRA (Have another $4800 still to put in for 2020)
Total: $203,900
But currently at the ripe age of 28:
$150,000 Land (Conservative, do not plan on selling this ever or at least a long time)
$23,000 Assets (Cars, Computers, TV, Gym equipment...etc)
$16,000 Liquid (Working on investing, don't judge)
$7,700 401k
$7,200 Roth IRA (Have another $4800 still to put in for 2020)
Total: $203,900
MFC
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01-24-2020, 01:19 PM
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#64
- Clydesdale1991
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- Clydesdale1991
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Originally Posted By twovalvekid⏩
100% mine, only gotta pay taxes (which it's all farmland or forestry so those taxes are reduced quite a bit)Owe anything on the land?
It is inheritance, I own 10% of the total. The lump at some point will be split between me and my brother.
Not gonna act like I somehow was able to pay for it, save all I have, go to gradate school all at the same time.
My family is top notch at saving money and building wealth over time, but not great at investing (not bad per say, just have no background in it really).
I hope to be the one who learns to do both amazingly.
Edit: Other than the land, the rest I have earned on my own while paying for graduate school myself (worked full time while going).
Misc Pizza King:
"Get rekt *******s, the pizza king is here." - MrBourbon
*HTC*
01-24-2020, 01:21 PM
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#65
01-24-2020, 01:30 PM
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#66
Originally Posted By Clydesdale1991⏩
How much are just land taxes on that parcel roughly? just curious. have no idea how just land purchases work. i know for my house it's the lot size/estimated value each year some percent based off that for my area i'm still obviously pretty clueless lol100% mine, only gotta pay taxes (which it's all farmland or forestry so those taxes are reduced quite a bit)
It is inheritance, I own 10% of the total. The lump at some point will be split between me and my brother.
Not gonna act like I somehow was able to pay for it, save all I have, go to gradate school all at the same time.
My family is top notch at saving money and building wealth over time, but not great at investing (not bad per say, just have no background in it really).
I hope to be the one who learns to do both amazingly.
Edit: Other than the land, the rest I have earned on my own while paying for graduate school myself (worked full time while going).
It is inheritance, I own 10% of the total. The lump at some point will be split between me and my brother.
Not gonna act like I somehow was able to pay for it, save all I have, go to gradate school all at the same time.
My family is top notch at saving money and building wealth over time, but not great at investing (not bad per say, just have no background in it really).
I hope to be the one who learns to do both amazingly.
Edit: Other than the land, the rest I have earned on my own while paying for graduate school myself (worked full time while going).
01-24-2020, 01:30 PM
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#67
- twovalvekid
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- twovalvekid
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Originally Posted By Clydesdale1991⏩
All good. I was just curious. A lot of people will "forget" about a mortgage or lien when calculating.100% mine, only gotta pay taxes (which it's all farmland or forestry so those taxes are reduced quite a bit)
It is inheritance, I own 10% of the total. The lump at some point will be split between me and my brother.
Not gonna act like I somehow was able to pay for it, save all I have, go to gradate school all at the same time.
My family is top notch at saving money and building wealth over time, but not great at investing (not bad per say, just have no background in it really).
I hope to be the one who learns to do both amazingly.
Edit: Other than the land, the rest I have earned on my own while paying for graduate school myself (worked full time while going).
It is inheritance, I own 10% of the total. The lump at some point will be split between me and my brother.
Not gonna act like I somehow was able to pay for it, save all I have, go to gradate school all at the same time.
My family is top notch at saving money and building wealth over time, but not great at investing (not bad per say, just have no background in it really).
I hope to be the one who learns to do both amazingly.
Edit: Other than the land, the rest I have earned on my own while paying for graduate school myself (worked full time while going).
MFC
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01-24-2020, 01:33 PM
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#68
- CulturalDecay
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- CulturalDecay
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Originally Posted By Clydesdale1991⏩
So cars and used electronics are now assets?Just graduated college (graduate school) and about to get an offer that will double my income and move in with my financee so my costs for some things will half.
But currently at the ripe age of 28:
$23,000 Assets (Cars, Computers, TV, Gym equipment...etc)
Total: $203,900
But currently at the ripe age of 28:
$23,000 Assets (Cars, Computers, TV, Gym equipment...etc)
Total: $203,900
....so this is what I've been doing wrong.
BRB Need to fire my accountant
01-24-2020, 01:34 PM
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#69
Originally Posted By CulturalDecay⏩
I personally don't count the two. I don't think you really should unless say you have multiple cars i guess and most aren't necessary for day to day living but that's just too confusing.So cars and used electronics are now assets?
....so this is what I've been doing wrong.
BRB Need to fire my accountant
....so this is what I've been doing wrong.
BRB Need to fire my accountant
01-24-2020, 01:38 PM
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#70
- twovalvekid
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Originally Posted By Spahgetti⏩
Only "small" items i'd count like that are things that are a decent chunk of change and hold their value.I personally don't count the two. I don't think you really should unless say you have multiple cars i guess and most aren't necessary for day to day living but that's just too confusing.
Like more expensive watches. Or other higher end luxury items.
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01-24-2020, 01:41 PM
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#71
- miscbrah007
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27 y/o
$140 000 cash
$4000 in retirement account
$2000 in p2p lending
thinking of putting 10-20% in gold and keeping the rest of the cash for dem buying opportunities
$140 000 cash
$4000 in retirement account
$2000 in p2p lending
thinking of putting 10-20% in gold and keeping the rest of the cash for dem buying opportunities
**PER DEVS, LIBERTAS**
01-24-2020, 01:43 PM
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#72
Originally Posted By miscbrah007⏩
140 cash27 y/o
$140 000 cash
$4000 in retirement account
$2000 in p2p lending
thinking of putting 10-20% in gold and keeping the rest of the cash for dem buying opportunities
$140 000 cash
$4000 in retirement account
$2000 in p2p lending
thinking of putting 10-20% in gold and keeping the rest of the cash for dem buying opportunities
40 invested
any day now the market will crash and you can invest bro! any day! Might have gone up 20% since u decided to store as cash and drop 10% thus ur still paying a 10% premium but any day!!
...gold?
this guy would never be my financial advisor. not that i hire financial advisors in the first place
01-24-2020, 01:45 PM
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#73
- ShakeBrah
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Including retirement accounts, investments, savings, checking (lol near 0), and equity, a bit over $100k. I donβt own many expensive things aside from my car though
See SuperHercules' sig
01-24-2020, 01:49 PM
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#74
- miscbrah007
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Originally Posted By Spahgetti⏩
ok boomer140 cash
40 invested
any day now the market will crash and you can invest bro! any day! Might have gone up 20% since u decided to store as cash and drop 10% thus ur still paying a 10% premium but any day!!
...gold?
this guy would never be my financial advisor. not that i hire financial advisors in the first place
40 invested
any day now the market will crash and you can invest bro! any day! Might have gone up 20% since u decided to store as cash and drop 10% thus ur still paying a 10% premium but any day!!
...gold?
this guy would never be my financial advisor. not that i hire financial advisors in the first place
**PER DEVS, LIBERTAS**
01-24-2020, 01:50 PM
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#75
01-24-2020, 01:55 PM
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#76
- Criollo
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if debts include house loans then im in debt like a bitch but idk what the list includes. no CC debt, No car loan and make ok money so idk.
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01-24-2020, 01:56 PM
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#77
- twovalvekid
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lel @ that much gold at 26.
MFC
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01-24-2020, 01:58 PM
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#78
- miscbrah007
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Originally Posted By Spahgetti⏩
I don't care about your poverty 7% average annualised return or 20% at peak bubble, i have increased my monthly savings amount x10-x15 in 2 years.i'm 1 yr older than you
> calls me boomer
> wants to invest in gold
> calls me boomer
> wants to invest in gold
I never said anything about investing in gold, I said 'putting' on purpose because it is insurance
Good luck with your poverty goals of 2020 old man
**PER DEVS, LIBERTAS**
01-24-2020, 02:03 PM
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#79
- snailsrus
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Originally Posted By Spahgetti⏩
ya itβs college itβs from a college website, I thought the same thing I was class of 07 for hsI guess they mean 'Class of ___' as college? cuz i'm 27 and was class of 2010 for high school. and i'm worth well over half a m. sucks to suck?
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01-24-2020, 02:09 PM
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#80
- Frank Drebin
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Originally Posted By JStrez⏩
What part of living at home, making a few "smart" (lucky) investments and a full ride to college sounds normal to you? You have high net worth for your age because of extraordinary circumstances.There's no way this is correct, and if it is... fuk...
I'm 25 with a net worth of 200K right now, which puts me at +$175K above this chart. I've been "working" for 3 years, but I had saved up $25k by the time I graduated college.
I've been living at home, saving money, and making a few smart investments. I got a full ride to college so I never had to worry about student debt, always pay off my credit card, or I don't have any debt in general.
I'm 25 with a net worth of 200K right now, which puts me at +$175K above this chart. I've been "working" for 3 years, but I had saved up $25k by the time I graduated college.
I've been living at home, saving money, and making a few smart investments. I got a full ride to college so I never had to worry about student debt, always pay off my credit card, or I don't have any debt in general.
01-24-2020, 02:10 PM
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#81
Originally Posted By miscbrah007⏩
ahahhaa i'll do me and you do you. gl!I don't care about your poverty 7% average annualised return or 20% at peak bubble, i have increased my monthly savings amount x10-x15 in 2 years.
I never said anything about investing in gold, I said 'putting' on purpose because it is insurance
Good luck with your poverty goals of 2020 old man
I never said anything about investing in gold, I said 'putting' on purpose because it is insurance
Good luck with your poverty goals of 2020 old man
01-24-2020, 02:12 PM
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#82
I used to have little debt, just a car and student loans - but that was in my low-mid 20s.
Then bought a house and started a family...lol
That feel when you make good money but networth ain't where it needs to be. All good cause we're heading in the right direction. 401k since 21, house adds some netwealth as well. Also wife is SAHM for now while kiddos are little. Once they get older she'll likely start working again and then we really will be building our wealth even more. If we keep going on this path we should be upper six figs maybe even seven figs by the time we are 40/early 40s.
Then bought a house and started a family...lol
That feel when you make good money but networth ain't where it needs to be. All good cause we're heading in the right direction. 401k since 21, house adds some netwealth as well. Also wife is SAHM for now while kiddos are little. Once they get older she'll likely start working again and then we really will be building our wealth even more. If we keep going on this path we should be upper six figs maybe even seven figs by the time we are 40/early 40s.
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01-24-2020, 02:21 PM
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#83
Originally Posted By Nelly87⏩
My friend said originally when they had their first baby that she'd be a SAHM for the first year. I understood that. Fastforward to now and it's been over 2.5 years and their 2nd baby is on the way in a few months.I used to have little debt, just a car and student loans - but that was in my low-mid 20s.
Then bought a house and started a family...lol
That feel when you make good money but networth ain't where it needs to be. All good cause we're heading in the right direction. 401k since 21, house adds some netwealth as well. Also wife is SAHM for now while kiddos are little. Once they get older she'll likely start working again and then we really will be building our wealth even more. If we keep going on this path we should be upper six figs maybe even seven figs by the time we are 40/early 40s.
Then bought a house and started a family...lol
That feel when you make good money but networth ain't where it needs to be. All good cause we're heading in the right direction. 401k since 21, house adds some netwealth as well. Also wife is SAHM for now while kiddos are little. Once they get older she'll likely start working again and then we really will be building our wealth even more. If we keep going on this path we should be upper six figs maybe even seven figs by the time we are 40/early 40s.
But hey, if he can pull it off, more power too 'em. Good for him. I'm just a finance nerd so kids low key scare me.
01-24-2020, 02:49 PM
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#84
- BigDeeps01
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Right around 500k, most of it in real estate equity, but a decent chunk of cash / retirement funds
Should easily be at 1M in 3-5 years
Should easily be at 1M in 3-5 years
01-24-2020, 03:03 PM
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#85
- BigDeeps01
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Originally Posted By CulturalDecay⏩
Yeah I dont count any of that ****. If you're going to count it then count it as how much money could you get out of selling it, this monthSo cars and used electronics are now assets?
....so this is what I've been doing wrong.
BRB Need to fire my accountant
....so this is what I've been doing wrong.
BRB Need to fire my accountant
01-24-2020, 04:03 PM
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#86
- DrFeeIGood
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- DrFeeIGood
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lolol @ the chart, christ people are stupid, it's not hard to acquire wealth you lazy sacks of chit!


01-24-2020, 04:17 PM
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#87
01-24-2020, 04:22 PM
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#88
- IronProdigy
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Originally Posted By DrFeeIGood⏩
This chart doesn't even make sense. Why are they adding pre-tax savings and post-tax savings? Am I missing something?lolol @ the chart, christ people are stupid, it's not hard to acquire wealth you lazy sacks of chit!


01-24-2020, 04:39 PM
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#89
- r32gojirra
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- r32gojirra
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I have two trailers parked on a lot in rural Canada
Also a beachfront* condo in Nicaragua that will be ready any day now
So I reckon my net worth is sitting right around $1.5m moose dollars
*may not be within sight of any water
Also a beachfront* condo in Nicaragua that will be ready any day now
So I reckon my net worth is sitting right around $1.5m moose dollars
*may not be within sight of any water
01-24-2020, 04:54 PM
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#90
- BenMcLeodNZ
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- BenMcLeodNZ
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30yo, about $20k, I save like hell too, **** economy where I am.
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