At what age did you accumulate over 1 million dorrar in assets?

5,100 Views | 37 Replies | Last: 6 yr ago by YokelRidesAgain
HC
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Bruce Almighty
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AG
30
Xenu
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Spellcheck first. Then you post.
HBCanine08
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AG
He's asking the Asians only.
mrad85
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CDUB98
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your mom
HC
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Well?! My spreadsheet isn't gonna do itself! I need a hard money loan! Who wants it!?
HC
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CDUB98 said:

your mom
thanks, son
Liquid Wrench
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72
SWCBonfire
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30
CDUB98
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tree-fitty
CajunAg97
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lotsofhp
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Owned minus owed? Or just owned?

Can you call it owned if you still owe on it?
AggieBand2004
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This is America, of course you can
BombayAg
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Assets of 1 million can be done overnight. Just buy a million dollar home putting down 0.

What matters is net worth.
AggieBand2004
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BombayAg said:

Assets of 1 million can be done overnight. Just buy a million dollar home putting down 0.

What matters is net worth.
/histag10
AggieBand2004
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Did I do that right? I'm not proficient in GB speak
gigemags-99
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I was 19. I did it by "PLACING TINY CLASSIFIED ADS!"
Madaman
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You mean all you people weren't born with silver spoons in your mouths?
The Fife
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32? Something like that, but net worth is what counts anyway.
RightWingConspirator
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brotheraggie
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38
Leander - Ag
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38 w/o home equity
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riverrataggie
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Does 401k count?
Maybe Next Year
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Net worth of 1 million less inherited assets = more impressive evaluation
GMM
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riverrataggie said:

Does 401k count?

Nah, you're about 599k short
OasisMan
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my net worth is currently around -500k
HollywoodBQ
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Do dot.com paper stock valuations count?
Maroonedinaustin
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Almost there. Only 975k to go.
Direct Enter Enter
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HollywoodBQ said:

Do dot.com paper stock valuations count?
riverrataggie
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Do baseball cards count as an asset?
runontexas
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3.5
62strat
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jake2011 said:

If you want a true net worth calculation exclude the equity in your primary residence. You have to live somewhere and it won't help you retire. Bet there isn't nearly as many over $1MM doing it that way.

Silly. Of course your house is included. Yes you have to live somewhere, but if right now my house is worth 400k and I owe 300k and in 10 years it's worth 600k and I owe 150k, I have absolutely increased my net worth.

And it doesnt help you retire? Also silly. What if when you retire you own a 700k house fee and clear, and decide to sell it and buy an rv and travel US for 5 years, then buy an inexpensive condo with cash left over?
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