Your net worth.

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

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What's your net worth?

  1. < $50k

    9 vote(s)
    2.7%

  2. $51-$150k

    23 vote(s)
    6.9%

  3. $151-$250k

    20 vote(s)
    6.0%

  4. $251-$500k

    51 vote(s)
    15.4%

  5. $501-$750k

    48 vote(s)
    14.5%

  6. $751k-$1m

    36 vote(s)
    10.9%

  7. $1-2m

    65 vote(s)
    19.6%

  8. $2-5m

    58 vote(s)
    17.5%

  9. $5-10m

    9 vote(s)
    2.7%

  10. >$10m

    12 vote(s)
    3.6%
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  1. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Including property, cash, shares and super, my share is around $700k at 44. Of course if I sold the property, some would be lost in sales costs and tax. Something interesting is the all my shares of property are in development sites and if both were fully developed my share would be over $1 mill. I am an unrealised millionare! :)
     
    Perthguy, 14th Jul, 2015
    #21
    scoobie27 and Gypsyblood like this.
  2. Hodge

    Hodge Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    679
    Location:
    Melbourne
    Your shout at the pub tonight!
     
    Hodge, 14th Jul, 2015
    #22
  3. Ace in the Hole

    Ace in the Hole Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,874
    Location:
    Sydney
    Going solo, it's about half past four.
     
    Ace in the Hole, 14th Jul, 2015
    #23
    Steven Ryan likes this.
  4. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,255
    Location:
    Sydney or NSW or Australia
    Two cents - (extremely well structured).
     
    Scott No Mates, 14th Jul, 2015
    #24
    Gypsyblood, JacM, FuzzyAUS and 3 others like this.
  5. lightbulbmoment

    lightbulbmoment Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    959
    Location:
    nsw
    So all the lads on here with missus need to straight up divide by 2 maybe even more
     
    lightbulbmoment, 14th Jul, 2015
    #25
  6. charttv

    charttv Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    446
    Location:
    Perth
    the fact that I had to think about it means the answer is not enough
     
    charttv, 14th Jul, 2015
    #26
  7. Art Vandelay

    Art Vandelay Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    146
    Location:
    Australia
    About $75k, $150k between the missus and I. Both 23.
     
    Art Vandelay, 14th Jul, 2015
    #27
  8. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    4,144
    Location:
    Inside your device
    When you are married you merge into one.

    The reason I say that is because to get where you are as a married couple (with kids) takes both folks - even if wife isn't a wage earning worker.

    The only variation to this is yer "Jeffrey Edelsten" type marriages.

    Who said gold digger?
     
    Bayview, 15th Jul, 2015
    #28
    THX likes this.
  9. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    I remembered I set this up to do some tracking a while ago. Thought I'd update and share.

    nw.jpg

    I've leave it up to your imagination as to what the y-axis intervals are ;)
     
    Steven Ryan, 15th Jul, 2015
    #29
    C-mac, Ko Ko Naing, JacM and 4 others like this.
  10. Rchua

    Rchua Member

    Joined:
    22nd Jun, 2015
    Posts:
    15
    Location:
    Sydney
    Mine is around $1.6 million spread over 8 properties
     
    Rchua, 15th Jul, 2015
    #30
    Gypsyblood, Sam Yue and House like this.
  11. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    Around 900K, just shy of a mil. ;)
     
    Biz, 15th Jul, 2015
    #31
  12. Propagate

    Propagate Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,495
    Location:
    Melbourne
    Well, we were trucking along nicely until the last month, a combination of the main drains in IP2 collapsing, the shower in IP1 ******** itself, the shower in IP2 popping it's tiles showing the rotted walls behind, the electrics in our PPOR being condemned by United Energy and being cut-off until we re-wired, the front deck (and posts holding up the roof) of the PPOR collapsing to rot, plus the associated heritage permit/building permit and owner-builders licenses now required to we can build a replacement deck, plus the new kitchen that was about to be ordered for the PPOR, plus finding out our Great Dane had bone cancer, (he's now down to three legs and half way through chemo), has wiped about 15% of our net worth out in a little over 6 weeks. Oh, and the PPOR garage roof crapped it too and needed re-sheeting. Literally, all of the above is in the last 6-8 weeks.

    Funnily enough, I was about to start a thread about the importance of a good cash buffer!
     
    Propagate, 15th Jul, 2015
    #32
    willair likes this.
  13. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    Not $250k intervals ;)
     
    Steven Ryan, 15th Jul, 2015
    #33
  14. Propagate

    Propagate Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,495
    Location:
    Melbourne
    I did the same as @Steven Ryan and started tracking in March 2013. Our position then was $248k (including super etc, basically including every cent of asset we had), that's each and there's two of us.

    At the time we had one IP in the UK, (by default, it was our old PPOR that we kept when we moved to Aus in 2007).

    Thanks mainly to buying 2 medians in West Sydney in 2013 plus whomping a fair chunk extra into super each month, (Emma gets an extra 2% from her employer if she contributes an extra 3%) has gotten us to the current level of $444k each.

    That's about 1.8x increase in a little over 2 years?

    Tantalizingly close to that first $1m for both of us combined.
     
    Propagate, 15th Jul, 2015
    #34
    Gypsyblood likes this.
  15. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    I don't think I will post any information here or on these types of threads. You get people curious and supportive and then you get people saying you are using "telephone numbers" and accusing some of having a "humble brag".

    Seems whatever you do, you cannot win :(.
     
    wylie, 15th Jul, 2015
    #35
  16. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    There'll probably be a bit of that so you're welcome simply to vote anonymously, or not at all :)

    I think it's good to discuss what we're comfortable with.

    If I wasn't open about money and if I didn't discover others who were the same, I'd have had NO idea what was possible for me financially and have set my sights very low indeed.

    I find all this stuff very insightful, and some, incredibly inspiring :D
     
    Steven Ryan, 15th Jul, 2015
    #36
    Gypsyblood, JacM and Chillingout like this.
  17. Biz

    Biz Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Investard county
    465k ;)
     
    Biz, 15th Jul, 2015
    #37
  18. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    I get what you are saying, but often these threads turn in a pi$$ing competition.

    We are just trying to encourage our youngest to get into the market before Brisbane prices make it out of his reach. I've earmarked a few threads that tap into this to send to him in the hope that something "clicks". Funny thing is we went to two inspections last night and he wanted his older brother and his partner to come along to see what they think, if it is a good buy.

    Hello!!! I've done the research, and I also found the older brother's first place. I'm the driving force (property-wise) in the family, have done this for a long time, love the hunt, love sniffing out a gem among the rough, but he wants his brother to come along :(. Had to have a quiet chuckle, not offended. I think he senses a "push" from me and wanted the opinion of someone less inclined to want him to buy "just anything" - not that I'm doing that at all.

    Older brother did come along, loved the place, said it was a great idea... contract signed ;).

    Just waiting now to see if it comes together.
     
    wylie, 15th Jul, 2015
    #38
    Ostraylia, sharon, Gypsyblood and 3 others like this.
  19. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,663
    Location:
    Sydney
    I'll try not to get in the way next time. :);)

     
    sash, 15th Jul, 2015
    #39
    Phantom likes this.
  20. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    That'd be nice.
     
    Steven Ryan, 15th Jul, 2015
    #40
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