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. Biz

    Biz Well-Known Member

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    Investard county
    Awwwww tell 'em the price son!!!
     
    Biz, 15th Jul, 2015
    #41
    Gibson likes this.
  2. Steven Ryan

    Steven Ryan Well-Known Member

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    It may still become one, but even so, if someone ****** up to the $50mil mark on the wall, it will inspire a few people. "If they can do it, so can I".

    Those it deflates have simply made the choice to feel that way.

    As mentioned earlier, I found this sort of stuff incredibly inspiring when I was starting out. I grew up thinking a $100,000 income was the highest mark I would have a realistic shot at.

    Then I saw enough examples to realise that was merely a self-imposed limitation formed by what I'd been exposed to.
     
    Steven Ryan, 15th Jul, 2015
    #42
    aussie1, Gypsyblood, juzzy and 1 other person like this.
  3. mini2

    mini2 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    435
    Location:
    NSW
    Bloody depressing when looking at the figure I owe to the banks.
     
    mini2, 15th Jul, 2015
    #43
  4. sash

    sash Well-Known Member

    Joined:
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    15,666
    Location:
    Sydney
    With one growth cycle....those depressing figures of $1.5-2m with say 2-3m in assets could turn to $5-6m in assets. Then the figures you owe to the bank will bring a smile to your face.

    I told my broker...I want to be in debt to the bank to the tune of $10m....she smiled with glee! Given my preference for low LVRs...IF I HIT that figure I know I should have 12-20m in equity!

     
    sash, 15th Jul, 2015
    #44
    Gypsyblood, Property Twins, Eric Wu and 1 other person like this.
  5. Steven Ryan

    Steven Ryan Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,656
    We have something in common.

    A desire for figures of investment debt.
     
    Steven Ryan, 15th Jul, 2015
    #45
  6. Phantom

    Phantom Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    2,054
    Location:
    Sydney
    I'm going to take a stab and say you're getting close to the $2m mark? How's that for a rough guess Steven?

     
    Phantom, 15th Jul, 2015
    #46
  7. mini2

    mini2 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    435
    Location:
    NSW
    Going through my first cycle now and hopefully doubles the numbers by the next cycle.
     
    mini2, 15th Jul, 2015
    #47
  8. ej89

    ej89 Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    819
    Location:
    Sydney.
    No negative options here? haha
     
    ej89, 15th Jul, 2015
    #48
    Gypsyblood likes this.
  9. Johann_

    Johann_ Well-Known Member

    Joined:
    1st Jun, 2017
    Posts:
    374
    Location:
    Melbourne
    My network must be a billion by now.... To me networth is not important, whats important to me is that my goals are being achieved.
     
    Johann_, 15th Jul, 2015
    #49
  10. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,022
    Location:
    QLD
    What would mum know? :pGood time for him to get in.
     
    HUGH72, 15th Jul, 2015
    #50
  11. Kael

    Kael Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    282
    Location:
    Sydney, NSW
    It's inspiring to see how many votes the poll has received for $1 million +. It motivates me more to try to increase my net worth even further! At age 24, even though I'm ahead of a lot of my friends with my net worth, I still feel I need to push myself more! ;P
     
    Kael, 16th Jul, 2015
    #51
  12. Bayview

    Bayview Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    4,144
    Location:
    Inside your device
    Don't worry Wyles; we know you're legit.
     
    Bayview, 16th Jul, 2015
    #52
  13. Gockie

    Gockie Life is good ☺️ Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    14,844
    Location:
    Sydney
    You know what I like seeing?
    I like that I've gone from below average/Average when answering polls like this on SS to being what seems to be Above average now.

    Its great to see that lots of newbies/younger folk are in the game and its also great to see yourself moving through the groupings in the polls (hopefully upwards) over time.

    Thanks to all forumites, I've learnt so much from you all and thanks to the Sydney property market!
     
    Gockie, 16th Jul, 2015
    #53
    Gypsyblood likes this.
  14. freyja

    freyja Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    179
    Location:
    Sydney
    I won't take other's higher figures badly- it confirms I'm in good company to build my portfolio .
     
    freyja, 16th Jul, 2015
    #54
    Gypsyblood, leon brown and Darren A like this.
  15. Tim86

    Tim86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,818
    Location:
    Brisbane
    Considering I dont know any of our account details... I would say I have the $2 coin in my wallet and my wife has the 500k.

    Lol who am I kidding its all only silver in my wallet. Lots of bunnings receipts though...
     
    Tim86, 1st Oct, 2015
    #55
    Gypsyblood and Sapph like this.
  16. Gockie

    Gockie Life is good ☺️ Premium Member

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    18th Jun, 2015
    Posts:
    14,844
    Location:
    Sydney
    Like me on the receipts....
     
    Gockie, 1st Oct, 2015
    #56
  17. Tim86

    Tim86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,818
    Location:
    Brisbane
    Yeah its an income exchange program I have setup with bunnings. I give them all my money and they transform it into receipts.
     
    Tim86, 1st Oct, 2015
    #57
    Gypsyblood likes this.
  18. THX

    THX Well-Known Member

    Joined:
    24th Jul, 2015
    Posts:
    843
    Location:
    Sydney
    Well I had $4 this morning but I bought a cappuccino. :)
     
    THX, 1st Oct, 2015
    #58
    Gypsyblood and Sackie like this.
  19. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,075
    Location:
    Vaucluse, Sydney.
    Actually as insane as it sounds..... I used to know people in that situation...spent all their money, desperately waiting for the next pay day.
     
    Sackie, 1st Oct, 2015
    #59
    MikeyBallarat likes this.
  20. THX

    THX Well-Known Member

    Joined:
    24th Jul, 2015
    Posts:
    843
    Location:
    Sydney
    That's nothing, I used to work with a guy who spent all their money and their next pays money before they got it :D
     
    THX, 1st Oct, 2015
    #60
    Sackie likes this.
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