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What’s your net worth per year of adulthood?

Discussion in 'General Property Chat' started by Steven Ryan, 14th Jul, 2015.

?

Your net worth per year of adulthood,

  1. < $10k

    6 vote(s)
    4.2%
  2. $11-25k

    22 vote(s)
    15.3%
  3. $26-$50k

    49 vote(s)
    34.0%
  4. $51-75k

    26 vote(s)
    18.1%
  5. $76-$100k

    14 vote(s)
    9.7%
  6. $101-$150k

    13 vote(s)
    9.0%
  7. $151k-$250k

    7 vote(s)
    4.9%
  8. $251k-$750k

    3 vote(s)
    2.1%
  9. $751k-$1mil

    2 vote(s)
    1.4%
  10. > $1mil

    2 vote(s)
    1.4%
  1. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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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.
     
  2. smokyjoe

    smokyjoe Active Member

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    Melbourne
    That's depressing. I'm fairly low in the ranks. Hopefully I start moving up soon.
     
  3. Dan Donoghue

    Dan Donoghue Well-Known Member

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    Location:
    Sydney, NSW
    Same age as you, half the net worth but working on the plan to fix it :)
     
  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
     
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  5. EN710

    EN710 Well-Known Member

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    Lower quartil of option 3 :rolleyes::eek::oops:
     
  6. spludgey

    spludgey Well-Known Member

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    @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.
     
  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!
     
  8. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Wow ! What does your friend do?
     
  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.
     
  10. Ace in the Hole

    Ace in the Hole Well-Known Member Premium 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?
     
  11. skater

    skater Capitalist Premium Member

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    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.:(
     
  12. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    $26-50k is an early leader..
     
  13. Jacque

    Jacque Buyers Agent and Bookworm, Sydney Business Member

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

    Jacque Buyers Agent and Bookworm, Sydney Business 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
     
  15. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus 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
     
  16. skater

    skater Capitalist Premium Member

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    Compared to all the newbies, I'm positively ancient. Just ask Lil!:D
     
  17. dan_89

    dan_89 Well-Known Member

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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
     
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  18. Bayview

    Bayview Well-Known Member

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    Location:
    Mornington Peninsula
    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 ****ty old car, clothes and golf clubs.
     
  19. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! 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
  20. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Or, start at least one business that does reasonably well.
     
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