What’s your net worth per year of adulthood?

Discussion in 'Investor Psychology & Mindset' started by Steven Ryan, 14th Jul, 2015.

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Your net worth per year of adulthood,

  1. < $10k

    6 vote(s)
    4.1%

  2. $11-25k

    22 vote(s)
    15.2%

  3. $26-$50k

    49 vote(s)
    33.8%

  4. $51-75k

    27 vote(s)
    18.6%

  5. $76-$100k

    14 vote(s)
    9.7%

  6. $101-$150k

    13 vote(s)
    9.0%

  7. $151k-$250k

    7 vote(s)
    4.8%

  8. $251k-$750k

    3 vote(s)
    2.1%

  9. $751k-$1mil

    2 vote(s)
    1.4%

  10. > $1mil

    2 vote(s)
    1.4%
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  1. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
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    I'm making two polls. Net worth, and this one. I am insatiably curious.

    Feel free to share details or just vote :)

    Formula is simple:

    (Net worth) / (number of years since you turned 18)

    E.g. Net worth of $1million at age 40: $1,000,000 / 22 = $45,454.
     
    Steven Ryan, 14th Jul, 2015
    #1
  2. smokyjoe

    smokyjoe Well-Known Member

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    Melbourne
    That's depressing. I'm fairly low in the ranks. Hopefully I start moving up soon.
     
    smokyjoe, 14th Jul, 2015
    #2
  3. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Location:
    Gold Coast, QLD
    Same age as you, half the net worth but working on the plan to fix it :)
     
    Dan Donoghue, 14th Jul, 2015
    #3
  4. The Y-man

    The Y-man Moderator Staff Member

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    How does household net worth work? Half the net?

    The Y-man
     
    The Y-man, 14th Jul, 2015
    #4
    Dean Collins likes this.
  5. EN710

    EN710 Well-Known Member

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    Melburn
    Lower quartil of option 3 :rolleyes::eek::oops:
     
    EN710, 14th Jul, 2015
    #5
  6. spludgey

    spludgey Well-Known Member

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    Sydney
    @Steven Ryan: Ah, someone likes my (somewhat confusing) formula useful! :)
    Feel free to add the link for the calculator in the initial post, though I don't know if it's still active.
     
    spludgey, 14th Jul, 2015
    #6
  7. LibGS

    LibGS Well-Known Member

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    Location:
    Melbourne, Australia
    I'm pretty crappy, after many wrong turns, I'm only starting to generate decent wealth now. My best friend at hight school, who wasn't a genius or anything, his number would be around $5m, good on him!
     
    LibGS, 14th Jul, 2015
    #7
  8. Ace in the Hole

    Ace in the Hole Well-Known Member

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    18th Jun, 2015
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    Wow ! What does your friend do?
     
    Ace in the Hole, 14th Jul, 2015
    #8
  9. LibGS

    LibGS Well-Known Member

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    Location:
    Melbourne, Australia
    He is an author and pres/founder of a fintech company. Personally, I think he will cash out for a lot more, it will depend on timing. It's what I always dreamed about, to start something and flip it, I just didn't have the drive and entrepreneurship.
     
    LibGS, 14th Jul, 2015
    #9
  10. Ace in the Hole

    Ace in the Hole Well-Known Member

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    That's crazy, I had to google what fintech is.
    How did he get into that f he's not a genius?
     
    Ace in the Hole, 14th Jul, 2015
    #10
  11. skater

    skater Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
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    Location:
    Sydney? Gold Coast?
    Well, mine is less than stellar. It doesn't help that I'm "old" when you have to divide it by your years of adulthood.:(
     
    skater, 14th Jul, 2015
    #11
  12. Steven Ryan

    Steven Ryan Well-Known Member

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    $26-50k is an early leader..
     
    Steven Ryan, 14th Jul, 2015
    #12
  13. Jacque

    Jacque Jacque Parker Premium Member

    Joined:
    18th Jun, 2015
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    Location:
    Sydney
    Oh stop it you're hardly old Deb!!! :eek::D
     
    Jacque, 14th Jul, 2015
    #13
  14. Jacque

    Jacque Jacque Parker Premium Member

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    Sydney
    You certainly are a nosey parker aren't you Steven?! :D:D
    Insatiably curious sounds more intellectual though really :p
     
    Jacque, 14th Jul, 2015
    #14
  15. Steven Ryan

    Steven Ryan Well-Known Member

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    Sure am, @Jacque. I'm sure there's a good joke involving your surname but I won't try :p
     
    Steven Ryan, 14th Jul, 2015
    #15
  16. skater

    skater Well-Known Member

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    18th Jun, 2015
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    Location:
    Sydney? Gold Coast?
    Compared to all the newbies, I'm positively ancient. Just ask Lil!:D
     
    skater, 14th Jul, 2015
    #16
  17. dan_89

    dan_89 Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
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    Location:
    Melbourne
    Great to see a poll that puts figures into age perspective to help motivate us younger investors. Seeing some of the huge net worth figures in the previous poll is a little depressing :(

    My calculations came out at $58,571. Figures have been calculated on current market values and not factoring in any super (which wouldnt be anything considerable anyway at 26).

    Better get back to it if I want to one day catch you oldies! :D
     
    dan_89, 14th Jul, 2015
    #17
    freyja likes this.
  18. Bayview

    Bayview Well-Known Member

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    Inside your device
    At aged 40 it was approx $13.5k per year since 18 (rounded down)

    Only asset was the PPoR. Worth approx $320k from memory, so I rounded it down to $300k.

    However, this poll will not show pleasing results for most people if they didn't start investing/acquiring property/shares until later.

    For eg; my first property was at 24. Before then I had nothing...just a ****** old car, clothes and golf clubs.
     
    Bayview, 15th Jul, 2015
    #18
  19. Gockie

    Gockie Life is good ☺️ Premium Member

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    Also I feel you:
    * typically need to go through at least 1 boom
    or
    * need to do at least one major value add activity
    or
    * need to have really have picked well on the share market etc.

    Before your net worth will jump. Before that happens, your net worth numbers are likely to look pedestrian.
     
    Last edited: 15th Jul, 2015
    Gockie, 15th Jul, 2015
    #19
  20. Steven Ryan

    Steven Ryan Well-Known Member

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    Or, start at least one business that does reasonably well.
     
    Steven Ryan, 15th Jul, 2015
    #20
    Gockie likes this.
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