What is your age & net worth?

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Engineer

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
L1FE said:
Seems like you're the one with their panties in a wad... Oh no! Someone is making fun of my comment which in turn was being used to make fun of the thread as well as the supposedly typical ATOT liar posing as an uber-successful, under-35 millionaire/playboy. Watch out, though, cuz I'll shoot out your eye...:sneaky:
Click to expand...

No, not at all. I was posting that as a courteous PSA....that's all! ;)

:biggrin:
 
T

thegimp03

Diamond Member
Jul 5, 2004
7,420
2
81
Engineer said:
and with Social Security going in the RED this year (will start using the so called Trust Fund (IOU's currently) by year's end), many will end up with a not so rosy outcome.
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It kind of seems like the SS system wasn't worth a shit to begin with. What is it, ~$1,600 a month? If a person retires today without a pension or money in retirement accounts and still has a mortgage, that entire SS payment is going to be forked over for the house they're still trying to pay off.
 
JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
Engineer said:
/lawnchair


^^^ e-penis thread!:awe:

How old are you OP? Curious?

I'm 41 and have no debt...guess my net worth? :biggrin:
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I'm younger than Engineer.

and mortgage free houses are for the timid. Leverage that equity with a 125% loan at 3.99% fix interest and invest in the market. I'm making a killling since i did that and invested Eleventy thousand in March 2009 on Barcardi (151% return so far).

e-peen = HUGE
 
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HybridSquirrel

HybridSquirrel

Diamond Member
Nov 20, 2005
6,161
2
81
21

net worth: maybe $6,000 including my car.

$6,050 if you count the beer in my fridge.



edit: didnt read the thread...but inb4 over 9000
 
gaidensensei

gaidensensei

Banned
May 31, 2003
2,851
2
81
JEDI said:
I'm younger than Engineer.

and mortgage free houses are for the timid. Leverage that equity with a 125% loan at 3.99% fix interest and invest in the market. I'm making a killling since i did that and invested Eleventy thousand in March 2009 on Barcardi (151% return so far).

e-peen = HUGE
Click to expand...

Wot?
Was reading until that stuck out like a rusty nail.
 
D

duragezic

Lifer
Oct 11, 1999
11,234
4
81
24

$40,000 in savings, car, and 401k
-
$24,000 in student loans
=
$16,000 net

Actually surprised I came out on top but the car obviously depreciates a lot and I'm currently unemployed otherwise I'd be better off.
 
Engineer

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
JEDI said:
I'm younger than Engineer.

and mortgage free houses are for the timid. Leverage that equity with a 125% loan at 3.99% fix interest and invest in the market. I'm making a killling since i did that and invested Eleventy thousand in March 2009 on Barcardi (151% return so far).

e-peen = HUGE
Click to expand...

Too risky for me. I guess one could have looked at March and said that this is the low and threw money into it. My home is paid for and I'm putting the extra money into the market as it's available. That's good enough for me! :)

(oh, by the way...let one stock take a sudden dive on you and you'll feel different...but since you're up 151%, you've got "house" (no pun intended) money to play with...I would sell enough to pay the house off and play with the rest).
 
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datalink7

datalink7

Lifer
Jan 23, 2001
16,765
6
81
Engineer said:
Too risky for me. I guess one could have looked at March and said that this is the low and threw money into it. My home is paid for and I'm putting the extra money into the market as it's available. That's good enough for me! :)

(oh, by the way...let one stock take a sudden dive on you and you'll feel different...but since you're up 151%, you've got "house" (no pun intended) to play with...I would sell enough to pay the house off and play with the rest).
Click to expand...

Yeah that almost seems tempting to me, especially considering I am up around 40% on my stocks over the past year (but I'm only playing with about 3k). But I don't think I could stomach the risk. If I invested in a stock and it tumbled I'd be so fucked :p
 
Engineer

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
datalink7 said:
Yeah that almost seems tempting to me, especially considering I am up around 40% on my stocks over the past year (but I'm only playing with about 3k). But I don't think I could stomach the risk. If I invested in a stock and it tumbled I'd be so fucked :p
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I lost just over $59,000 (about $15,000 of that was borrowed for the same reason as above) a few years ago on stock. The lesson will be life long I can assure you...I'm writing it off $3,000 a year for 19+ years. Doing something like that (stupid) will make you be a little more conservative.
 
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J

Jumpem

Lifer
Sep 21, 2000
10,757
3
81
32, and just about $0.

The mortgage and car loans pretty much evenly balance out their worth. We have savings and 401ks, but those are about the same as our student loan balances. So everything comes out close to zero.
 
Stunt

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
26

$20,000 Audi A4 (can I count this as an asset)
$45,000 Market Value Stocks ($50,000 Book Value)
$0 Debt
$0 Student Loans
$0 Real Estate

=$65,000
 
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Bignate603

Bignate603

Lifer
Sep 5, 2000
13,897
1
0
26 and somewhere around $65,000 when you count the money in the bank, retirement accounts, student loans, and some stock. The stock I own isn't easily transferable though, I inherited it and the company hasn't done an IPO yet. It would probably take a month or two to access that money if I wanted to.
 
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