Your net worth.

This is purely for insight–not for bragging or feeling deflated.

So, what's your net worth (include the lot, not just property equity).

Formula is simple:

Assets minus liabilities = net worth.

Feel free to share details (e.g. your age) or simply vote

Edit: If you're a couple and share assets/liabilities, use your share.

 

A little short of $400k at the moment.

Included in that total are:

• PPOR
• IPs
• Stock market holdings
• Cash
• Superannuation

I started tracking my net worth on a monthly basis about 2.5 years ago, prior to purchasing our first IP. At that time it was just over $100k. So a 252% return in that time

 

Was flying along for a time there; got to $1mill about 2010.

Gone backwards ever since (bought the workshop in 09), and wouldn't know what it is now.

Rough guesses;

PPoR - worth approx $1.5m (hope to sell it for that)
IP - worth approx $210k
Workshop - worthless?
Total Debt - $1.05mill

 

Just had to change my vote, I forgot about Super (Thanks aussieshorter ).

No IP's yet, PPOR + Super only so far puts me around the 500 mark

 

Combined amount or split in 2 if you're a couple?

 

Thats a good point, I did all of the house but didn't count my wifes super.

 

My wife and I are in our early 30's and sold our PPOR last year and made a bit on it. We also have 2 IP's in Sydney. Together we are on 950k, excluding super as I don't know what it's at.

 

I actually sat down and worked this out properly a couple weeks ago, just a smidge over $200k at 30 years old

 

Too embarrassing to disclose.

 

Forgot to add Super, but I don't count that...it's a nothing savings plan, and wiped out at the next stock market crash...should be along shortly.

 

I thought I'd post my dismal performance early so noone would feel bad about their achievements or lack thereof?

Go for it - noone will think less of you.

The only ones not needing to post are those who have been "telephone numbering" over at SS for ages, and have a sudden rush of blood and feel they have to post the truth on this forum instead - which would see them discovered as frauds. (not likely, but you never know),

Or those who have been avoiding disclosing a lot of goodies to the relevant authorities over the years, and who also have that same rush of truth serum...also not likely.

 

how old are you marc? super can be an excellent tool tax wise, especially as you get older

 

Thanks for the tip, Sanj.

I'm 54.

However, I have enough trouble just servicing and paying down existing loan and tax debt; can't afford any extra dollars to be diverted anywhere else currently....hence trying to sell our house.

I have an industry Super fund which I begrudgingly put the minimum into as per my Super Guarantee commitments through the Company.

I also direct as many purchases of parts and materials towards our industry buying group/association, which gives me points for each dollar spent. These points can be used to pay your supplier bills, or can be converted into shares in that Company, which pay dividends - last 2 years averaged 16% per year. Not too bad for money I didn't have to actually put in out of my own pocket.

I then re-invest the dividends back into more shares each year. So, this is my "superannuation fund".

 

Net worth?

Less than a year's gross pay.

Depressing right? (Or is it?)

I'm 35.

 

Never worked it out until now. $1.149m. However if I was to sell I would have to factor in selling cost, tax, etc. I wouldn't have too much left!

 

So you just realised you're a millionaire?

 

Split if you share assets/income.

I'll adjust original post to clarify.

 

I didn't split so in my case divide my figure by 2.

 

I set the poll so users can edit.

(Made sense since this is likely to increase over time, for most of us)

 

250k 22 but going to to be millionaire by 25