I'll change it a round a little
Compnents f Net Worth Highest to Lowest
Primary Residence (value increased 70% in the last 3 years, also refinanced so I am accelerated my princiapl repayment, using some 0% money and some low cost/rturn money as well)
Work sponseored retirement accounts (401K, rolled overs from prior employers, and wifes 403B)
Roth IRA (contribution limit raised to 4000 this year)
Non-Retirment mutal funds
Money Market (since I have enough liquifity in my home equity line I do not have 6 months available in liquid cash)
Sportsbook accounts
Kids college fund money still in my name (still haven't decided on a 529 or TAP, but will do so in the next few months)
Checking Account (more than I should have in it)
MIscaleneous Assets (jewelry, art, etc, things I do not need, does not include cars)
Neteller Account
Best advise I can give people is to pay yourself firstout of your income.
Max out the 401K and Roth
Force save additional money by writing a check each payday to your investment account or money market account
PAydown all consumer debt (except house)
Do some simple planning on when you want to retire and the lifestyle you would want at that time.
Just for fun, we determined if we liquidate eveerything and move to the Phillipines we could retire now.
At age 30 I would guess one should have a net worth of $75,000-$100,000
By age 40 $250,000-$400,000
Compnents f Net Worth Highest to Lowest
Primary Residence (value increased 70% in the last 3 years, also refinanced so I am accelerated my princiapl repayment, using some 0% money and some low cost/rturn money as well)
Work sponseored retirement accounts (401K, rolled overs from prior employers, and wifes 403B)
Roth IRA (contribution limit raised to 4000 this year)
Non-Retirment mutal funds
Money Market (since I have enough liquifity in my home equity line I do not have 6 months available in liquid cash)
Sportsbook accounts
Kids college fund money still in my name (still haven't decided on a 529 or TAP, but will do so in the next few months)
Checking Account (more than I should have in it)
MIscaleneous Assets (jewelry, art, etc, things I do not need, does not include cars)
Neteller Account
Best advise I can give people is to pay yourself firstout of your income.
Max out the 401K and Roth
Force save additional money by writing a check each payday to your investment account or money market account
PAydown all consumer debt (except house)
Do some simple planning on when you want to retire and the lifestyle you would want at that time.
Just for fun, we determined if we liquidate eveerything and move to the Phillipines we could retire now.
At age 30 I would guess one should have a net worth of $75,000-$100,000
By age 40 $250,000-$400,000
edub69 said:
wasnt like that at all. i just thought it was an interesting topic, and wondered if anyone else had ever taken the time to figure theirs out.
i figured mine to be in the 50-75k range, but including the equity i have in my home, and my 401k account, it is much higher.
im sure most of the posters around here are a LOT higher than me. hell, lots of guys have more than this in offshore sportsbooks.
it went up quite a bit from our Conversation last week
