... doing awesome!
nice distribution of income...
nice distribution of income...
Can you set up a questions breaking this one down for the Negative? Most interested in age and profession. Maybe for 0-$100k separately. And yes, I took the donation question as to the University and not to sports via TMF.Ag92NGranbury said:
some serious net worth on this board..... advertisers pay attention!
Stive said:
2.23% of people worth north of 10 million (so 8 people)
I realize there's a margin for error with a few people skewing the survey for a joke but I'm doubting this one a bit.
Cyp0111 said:
The distribution curve looks right. We likely have a few landowners on here
Bob_Ag said:
Net worth numbers surprise me as well. Not so much that we have some high earners, but that so many are net worth positive considering most respondents are relatively younger.
Have that many people payed off their house and/or socked away hundreds of thousands into their investment accounts before 35? If so, very impressive and way, way above the national average I would guess.
Not sure why you think you need to pay off a house to consider it positive net worth. At this point, even if you bought right at top of 2008 bubble, I highly doubt you are negative equity for your home.Bob_Ag said:
Net worth numbers surprise me as well. Not so much that we have some high earners, but that so many are net worth positive considering most respondents are relatively younger.
Have that many people payed off their house and/or socked away hundreds of thousands into their investment accounts before 35? If so, very impressive and way, way above the national average I would guess.
62strat said:Not sure why you think you need to pay off a house to consider it positive net worth. At this point, even if you bought right at top of 2008 bubble, I highly doubt you are negative equity for your home.Bob_Ag said:
Net worth numbers surprise me as well. Not so much that we have some high earners, but that so many are net worth positive considering most respondents are relatively younger.
Have that many people payed off their house and/or socked away hundreds of thousands into their investment accounts before 35? If so, very impressive and way, way above the national average I would guess.
Bob_Ag said:
Net worth numbers surprise me as well. Not so much that we have some high earners, but that so many are net worth positive considering most respondents are relatively younger.
Have that many people payed off their house and/or socked away hundreds of thousands into their investment accounts before 35? If so, very impressive and way, way above the national average I would guess.
John Francis Donaghy said:Bob_Ag said:
Net worth numbers surprise me as well. Not so much that we have some high earners, but that so many are net worth positive considering most respondents are relatively younger.
Have that many people payed off their house and/or socked away hundreds of thousands into their investment accounts before 35? If so, very impressive and way, way above the national average I would guess.
Lots of younger people are putting off buying houses and having kids until later in life than previous generations. My guess is many young high earners in the poll are still renting.
Checking in... Could afford a nice house or townhome ITL in Houston, but I've put it off. Don't feel like separating from the cash (it's all in the market pretty much). It's just easier. I think a big reason that people my age aren't buying so early these days is the fact that 20% isn't mandatory, but it is a huge step to get to. Loans without 20% are pretty freaking expensive once you figure in the PMI.John Francis Donaghy said:Bob_Ag said:
Net worth numbers surprise me as well. Not so much that we have some high earners, but that so many are net worth positive considering most respondents are relatively younger.
Have that many people payed off their house and/or socked away hundreds of thousands into their investment accounts before 35? If so, very impressive and way, way above the national average I would guess.
Lots of younger people are putting off buying houses and having kids until later in life than previous generations. My guess is many young high earners in the poll are still renting.
Right, this is kind of my thinking. Sure your primary residence is an asset, but it's pretty difficult to utilize since you will need a primary residence for most of your life. I look at the mortgage as a liability, but I don't really consider the equity in my house to be a usable asset unless I'm just sinking that right back into another house. Only in a scenario where maybe I downsized or inherited another residence could I realize the gain from my home, but far and away most people are sinking their appreciation into an even nicer and more expensive home.The Original AG 76 said:62strat said:Not sure why you think you need to pay off a house to consider it positive net worth. At this point, even if you bought right at top of 2008 bubble, I highly doubt you are negative equity for your home.Bob_Ag said:
Net worth numbers surprise me as well. Not so much that we have some high earners, but that so many are net worth positive considering most respondents are relatively younger.
Have that many people payed off their house and/or socked away hundreds of thousands into their investment accounts before 35? If so, very impressive and way, way above the national average I would guess.
I think we had a thread on this a few years ago. If memory serves (and that's REAL IFY ) most of us don't count equity nor personal property in a net worth number. I may consider investment properties or your second home since they can be readily sold but no way do I count my home , cars and junk .