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Survey Says.... You guys are...

8,606 Views | 62 Replies | Last: 3 yr ago by cjo03
Ag92NGranbury
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... doing awesome!

nice distribution of income...


Ag92NGranbury
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kids!


Ag92NGranbury
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some serious net worth on this board..... advertisers pay attention!


Ag92NGranbury
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Ag92NGranbury
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this surprised me a bit... i think that ags thought that i meant just to the university, but i meant everything... football, athletic donations, college donations, former students...


Ag92NGranbury
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i might have to map this one back to overall net worth...


Ag92NGranbury
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as expected...fairly young crowd


Ag92NGranbury
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in theory, blue is the best


Ag92NGranbury
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best advice:


Business is tough enough. Don't be stupid.
Invest in yourself
Surround yourself with people smarter than you
Don't get drunk around the *****es
If you cant dazzle them with brilliance, baffle them with bull*****
You'll never earn what you're worth working for someone else.
Pay yourself first (save), everything else next
Have fun

Max all retirement vehicles
Get on when the elevator is going up
EQ>IQ

live below your means
Take what you want
Invest in tax advantaged index mutual funds
Don't invest in *****s
Know what you want to do
Investing is like a roller coaster. The only people who get hurt are the ones who jump off early. Also- the facts about compounding interest
Get advice from people who have the job you want
Set stretch goals to improve yourself.
Get lots of varied experience early in career
Put as much as you can in 401K
Invest

Don't work with *******s.
Golden rule

Be open to anything and embrace change
Go get that Ph.D.
Pay attention, put your money to work.
Save

Sell a lot

Find equity opportunities.
Don't chase a pay check
Leave

Save early and often
You can't be an engineer forever, you have to do something else eventually or you'll be replaced by someone younger and smarter than you.
Dont complain or talk negatively about anybody you work with
then enemy of a good program is a perfect program
Dress appropriately and shave
Work hard

Know when to quit
You can't do a good job if your job is all you do.
None. I've never received good advice
Don't be a p, and be a good dude (USMC IOC)
It is not what you know, its who you know.
Go the extra mile
Show up early, know the details
Straight cash homie
Find work life balance
Money is something you never have until you stop worrying about it
A dollar saved isn't the same as a dollar earned.
Create a sustainable culture
Start early

Fail early and fast
Make your boss successful. Pick your battles.
Don't keep up with the Jones
Never give up
Often wrong but never in doubt.
Invest as early in your career as you can.
Loyalty doesn't exist
Hitch your wagon to successful people
Gain experience now and get paid for it later
Save

Walk fast and look busy
always be learning
Don't screw anyone on the payroll.
Be good at something
Be proactive with your career. You control your path.
You're young, now is the time to take risks.
Don't be afraid to ask for help if you are trying to learn something.
"No one cares about your feelings." "Never pass up the opportunity to shut up."
Jobs end. Prepare now.
It doesn't. Happen overnight...it takes sacrifice and hard work
The cream will always rise to the top
Lean in

Leave if you're not valued
Invest early

There is no substitute for putting in the work.
Loyalty

Be in charge of your own income
Network

Take nothing for granted, work really hard.
trust your instincts
Trust but verify
Go ugly early

Work hard

Take you responsibilities seriously, but don't take yourself seriously. Cause then, you're just an *******.
hookers and blow
invest as much as you can
Delay gratification
Slow down and don't rush
What would you do if you knew you could not fail?
You don't have to be the best or the fastest; you just need to be better than most and faster than most
Make career moves that build upon each other like a wedding cake.
Make your boss look good
career isn't everything.
You must be present to win
No *****s

Invest in yourself and buy a business
None

Be patient

Focus on what you can control.
Don't be scared to move
Every challenge is an opportunity. Give your best in everything you do no matter how trivial.
Aim to please/appease 51% of people...you'll never get close to 100%
Keep things moving
None

Don't be afraid to ask your clients for more projects. Don't let anyone pay you less than you are worth.
Work to live, not the other way around....
Start a business
You can do this.
While not directly told to me, politcs in the workplace exist and you need to be aware of them. Doesn't mean participate but understand the potential impacts and how to navigate. Also, work hard and worry about you not what your co-worker is doing. Lastly and probably the biggest impact, find and train your replacement. If you believe your irreplaceable, your wrong but also you can't be promoted if there is no one to do your current job.
Save some, give some, spend some
Run to something instead of away from something
live below your means
"It can't be done" is the excuse of a lazy mind.
show up. work hard.
You work for yourself. Start with the end in mind.
Pay yourself first
Work hard and save as much as you can
Work smart.

Never look down on a steady job
Work harder than the next guy
Be cautious of advice from someone who is not where you want to be.
Whether successes or mistakes, always be willing to learn from others.
No matter how hot she is, some guy is sick of her
Actually do what you say you're going to do and you'll be above 90% of the population
Never pay the same ***** twice.
Cash is king

Do not charge more on credit card that you cannot pay off 100% of the bill each month.
Don't be accurately wrong, be vaguely accurate
Pay yourself first. Put at least 15% of salary away.
Hire a payroll tax provider if you have a small business
Sun's out, gun's out
Be honest

If you know the job/career isn't right for you, don't be afraid to make a move.
Don't be loyal to the company you work for - only look out for yourself (I suck at following this advice)
play the game but don't get played
Always be closing
Play nice

Get your MBA
go out on your own!
Take care of the customer
Put people first.
Invest in yourself
Play the long run
Don't try to find the needle, buy the haystack (i.e. index funds)
get money

If you touch it (work product or procedure), make it better
The person that knows how will always have a job, but the person who knows why will always be their boss
Shut up

Everyone wins with the truth
Don't fail

Let your money work for you
TLDR

Keep your head down, keep your legs driving
Sticktoitveness
Do good work and network, and you should do alright.
Save early in your career and make it automatic
Nobody owes you anything.
Invest early and don't try to time the market
be proactive

Win

ass my dude

Start early

Create a budget and write out personal goals
Don't always say yes
Self taught. Never had any mentors for my career, unfortunately.
Even if you are working for a company, you are in business for yourself.
save

Be known and needed.
Just do it

work

buy a business
The maximum effective range of an excuse is 0 meters.
Always say yes
Put your nose down and go to work
Buy one piece of income producing real estate per year and by the time you retire you won't know what to do with all of your money
God >Family > Job
Pick an investment strategy and stick to it. Don't get emotional.
Dont settle

Buy low sell high
It is not too early to start investing for retirement. It is also not too let.
Keep grinding
Keep your nose down and keep working
The only truly altruistic people are those who have been wealthy for some time. Everyone else will generally act in their own self interest, financially.
Balance in all things.
The power of compound interest
Start investing early
Don't lose sight of what's more important than professional success.
Work hard, show perseverance
Stay close to the money, either the revenue streams or investments.
Don't set yourself on fire to keep someone else warm.
Na

none

Be flexible

Invest early

invest wisely

Automate savings and investing and start while you're young
Your job is to make your boss look good
No one cares about your career other than you
Keep learning
Work smarter not harder
Don't inflate your lifestyle as your income increases
retire ASAP

Read everyday
Never stop advancing. If you get complacent you will get passed by.
Nobody looks back at their life and wished they spent more time at work.
Work hard, continuous learning, look out for yourself first
Have a passion for what you do; do what you love
Pay yourself (save) first
Learn to work well with all types of people.
Stack cash and hustle
Hard work pays off
Tits

the best way to get a raise is to leave where you are
Work hard

Learn about other areas of the bisiney
Marry an earner
Fat, drunk, and stupid is no way to go through life.
Family first.

Learn to understand
Listen

Get it done

Comparison is the thief of joy
Do unto others...
Stay under the radar.
Invest every spare penny you can when you are young
1) Understanding that you have the ability to walk away from a deal is your largest asset in succeeding during negotiations. 2) Sometimes "no" is the best answer you can give to close a deal. (I work in sales)
A dollar saved is better than a dollar earned
It's all about who you know
Say yes then figure it out
Take a chance on yourself
Save

Do what others aren't willing to do
Don't worry about how the magic is done, just enjoy the show.
Work hard, but remember you're just a number
Work for yourself
What interests your boss should interest you
Adapt or die

I've never truly had a career montor.
Save save save
Always save for a rainy day!


Ag92NGranbury
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thanks for participating... last question is about debt...



Nickw8586
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Thanks for putting this together. Interesting results.
94chem
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Can I change my advice to "plastics"?
oldarmy1
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Ag92NGranbury said:

some serious net worth on this board..... advertisers pay attention!



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.
Stive
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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.
Ag92NGranbury
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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.

i'm not surprised one bit actually... most all of the surveys looked pretty legit

edit - out of the 8 respondents... only 1 looks bogus... rest answered appropriately
Cyp0111
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The distribution curve looks right. We likely have a few landowners on here
Stive
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I think the 5-10 Mil NW would be higher than the 10M+ if the skew was correct.

I also don't think *****s would have gotten 10 first place votes.



Edit: I'm not bemoaning the results at all. Just a bit surprised at the 10M+ number and chalking it up to a 1% of the survey takers just doing a bit of trolling (which is completely understandable).
CS78
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Nice to see 26% reported having a net worth of 1-5mil even with the young average age. That's great! Helps to reinforce the fact that anyone that's willing to work hard can expect to break in to the low millionaire range relatively easily. 5-10mil+ obviously much tougher.

GarlandAg2012
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Cool thread, and we just did a bunch of market research for sponsors on this board for free for them!
SWCBonfire
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Cyp0111 said:

The distribution curve looks right. We likely have a few landowners on here


I can attest that net worth does not necessarily equal income nor cash flow.
Bob_Ag
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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.
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Cyp0111
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Yep, and most people aren't downsizing
brownbrick
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I include in net worth, but not if asked about retirement savings.
ElAmericano
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Great job with the survey.

If there was a way you could show age + net worth on one graph I think that would help satisfy most of the respondents d*ck measurement needs (including myself).

Age + debt would be a bonus.
txag2008
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Cool results. Is there any way to show conditional results?

For example, Of the X number of people that are 35-44, household income is X. Or something similar.
mavsfan4ever
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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.


The equity in your home, whether it's paid off completely or not, should be an addition to your net worth. At least, that's how I answered the question.
62strat
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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.


The Original AG 76
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62strat 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.
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.





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 .
John Francis Donaghy
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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.
Gordo14
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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.


I can personally attest to this. Could buy a nice house if I wanted to. Too much fluidity and uncertainty in my life to imagine being a home owner right now. (Add in that my personal income is tied to oil and I live in an oil town - it makes buying a house even less interesting from a risk management perspective.)
IrishTxAggie
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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.
Ragoo
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I suspect most of the respondents have a STEM type degree or something that involves technical understanding.
Bob_Ag
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The Original AG 76 said:

62strat 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.
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.





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 .
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.

I can see the other side of the argument here though as well.
62strat
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