1) Age 2) Net worth

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Anonymous Sat, Feb 21, 2015 20:48:37 No.658836 [Reply] [Original]

1) Age
2) Net worth

>>	Anonymous Sat, Feb 21, 2015 20:53:38 No.658842 28 250,000

>>	Anonymous Sat, Feb 21, 2015 20:53:53 No.658843 >>658836 -21 -$0 (Assets=liabilities)

>>	Anonymous Sat, Feb 21, 2015 21:11:44 No.658866 22 -$30,000

>>	Anonymous Sat, Feb 21, 2015 21:13:40 No.658869 22 200 usd and one onahole

>>	Anonymous Sat, Feb 21, 2015 21:14:45 No.658870 23 -25,000$

>>	Anonymous Sat, Feb 21, 2015 21:37:29 No.658886 33 (34k)

>>	Anonymous Sat, Feb 21, 2015 21:40:41 No.658890 >>658836 23 -10,000

>>	Anonymous Sat, Feb 21, 2015 21:45:39 No.658895 27 -$24,000 (just bought a new car)

>>	Anonymous Sat, Feb 21, 2015 21:47:36 No.658898 >>658886 wow that sucks ass...Do you have kids or something?

>>	Anonymous Sat, Feb 21, 2015 21:48:28 No.658903 21 50k cash 10k stocks 70k in government mandated retirement. Though that money doesn't really 'exist'

>>	Anonymous Sat, Feb 21, 2015 21:51:23 No.658906 >~5 years younger than real age >~10x my real net worth the thread >inb4 butthurt

>>	Anonymous Sat, Feb 21, 2015 21:53:45 No.658908 >>658898 Student Loans.

>>	Anonymous Sat, Feb 21, 2015 21:54:37 No.658909 >>658906 So the idiot who has -$24k from buying a car is really at -$240k?

>>	Anonymous Sat, Feb 21, 2015 22:05:23 No.658915 31 8K Zero Debt and graduating in 2 months

>>	Anonymous Sat, Feb 21, 2015 22:10:53 No.658919 18 A few hundred dollars

>>	Anonymous Sat, Feb 21, 2015 22:11:38 No.658920 >>658836 21 $15,905

>>	Anonymous Sat, Feb 21, 2015 22:14:31 No.658924 >>658920 What do you do, anon?

>>	Anonymous Sat, Feb 21, 2015 22:20:14 No.658931 >>658909 It's financed, if I pay the minimum payment to maturity it will be $24k. Really I paid $19k and I pay extra every month, and save money alongside.

>>	Anonymous Sat, Feb 21, 2015 22:21:57 No.658936 >>658924 I live at home so its money that I've saved up from working with my dad, past seasonal jobs and financial aid

>>	Anonymous Sat, Feb 21, 2015 22:22:22 No.658937 22 $130,000 in GIC's $240,000 house <$240,000> mortgage ----------- 130,000 Net

>>	Anonymous Sat, Feb 21, 2015 22:23:52 No.658939 18 100k

>>	Anonymous Sat, Feb 21, 2015 22:24:32 No.658941 35 $600k corporate job and I'm a miser

>>	Anonymous Sat, Feb 21, 2015 22:24:51 No.658943 >>658836 20 193k

>>	Anonymous Sat, Feb 21, 2015 22:26:32 No.658944 File: 104 KB, 531x471, absolutely_haram.jpg [View same] [iqdb] [saucenao] [google] >>658937 >entire house is financed

>>	Anonymous Sat, Feb 21, 2015 22:30:44 No.658952 >>658836 19 zero dollars and zero cents.

>>	Anonymous Sat, Feb 21, 2015 22:31:07 No.658953 >>658944 not necessarily true, the house could have depreciated a lot

>>	Anonymous Sat, Feb 21, 2015 22:34:37 No.658957 >>658836 18 2,000 USD from working a McJob

>>	Anonymous Sat, Feb 21, 2015 22:39:10 No.658961 28 ~160k (85k house, 15k car, 45k in 401k, 15k in savings -- house & car paid off)

>>	Anonymous Sat, Feb 21, 2015 22:42:15 No.658965 20 $13,399

>>	Anonymous Sat, Feb 21, 2015 22:43:03 No.658966 >>658944 Took possession one week ago

>>	Anonymous Sat, Feb 21, 2015 22:44:59 No.658968 >>658966 ...so you did finance the entire house and his criticism is valid. >>658931 That's dumb, yes.

>>	Anonymous Sat, Feb 21, 2015 22:50:56 No.658969 21, ~$25k

>>	Anonymous Sat, Feb 21, 2015 22:51:27 No.658970 File: 726 KB, 446x251, 1409951326602.gif [View same] [iqdb] [saucenao] [google] >>658895 >Taking a loan to buy a car

>>	Anonymous Sat, Feb 21, 2015 22:52:43 No.658971 25 zero Will become a billionaire

>>	Anonymous Sat, Feb 21, 2015 22:56:15 No.658974 1. 27 2. $785,000 Human resources executive pays well.

Anonymous Sat, Feb 21, 2015 22:56:17 No.658975

>>658971
Won't we all.

I'll be daytrading, but I don't expect to make more than $100k to begin with, over a few months. Then it's a slower (but safer) crawl upwards as I can trade full time, expecting $1m before I can retire (if I want to).

$1 billion? Forget about it. Yes, over 40 years, if you make huge amounts of money right now, but not otherwise.

>>	Anonymous Sat, Feb 21, 2015 22:56:29 No.658976 >>658970 >not buying a Honda and financing half the car with a two year 0.9% APR loan only to reinvesting the money in a vanguard index fund it's like you don't want free money.

>>	Anonymous Sat, Feb 21, 2015 22:56:57 No.658977 27 $69k

>>	Anonymous Sat, Feb 21, 2015 22:58:08 No.658979 >>658836 22 ~$200k

>>	Anonymous Sat, Feb 21, 2015 22:58:20 No.658980 >>658976 I'd never buy a car on a loan. Hell no. Second hand until I can buy one with cash only. I bet you'll buy a new one in a few years, too. Forever in debt. Fucking americans.

>>	Anonymous Sat, Feb 21, 2015 22:58:49 No.658981 File: 42 KB, 700x468, laugh2.jpg [View same] [iqdb] [saucenao] [google] >>658976 >he doesn't understand cash discounts, fees, risk-adjusted return, and taxes

>>	Anonymous Sat, Feb 21, 2015 23:00:33 No.658983 >>658979 I should add that around half of that is from a signing bonus, which inflates my worth.

>>	Anonymous Sat, Feb 21, 2015 23:08:02 No.658989 21 -$35k ($40k in loans, $5k savings) I will need a car soon. My idea is to buy some used or junk car for super cheap, and then when that dies do the same thing rather than trying to buy a car off of a lot. Is this a bad plan?

>>	Anonymous Sat, Feb 21, 2015 23:09:03 No.658991 >>658908 Ah well goodluck I would be depressed as hell.

Anonymous Sat, Feb 21, 2015 23:10:19 No.658995

>>658989
Best thing to do it buy a fairly recent used car that you can pay off in 3 years. If you just buy junkers, you'll keep going through them and spending money on repairs until you spend so much money over x years that you may as well have bought a new car.

>>	Anonymous Sat, Feb 21, 2015 23:12:30 No.658998 >>658989 >>658995 Buy a cheap used car cash, just check the history and condition. There are new cars that break within a couple years and cheap used cars that will last over a decade. Shop around.

>>	Anonymous Sat, Feb 21, 2015 23:13:31 No.659000 >>658983 >>658979 Nobody wants to respond and inflate my ego? Would be useful, I'm depressed and annoyed as fuck.

>>	Anonymous Sat, Feb 21, 2015 23:16:45 No.659001 >>658968 rental unit plebs

>>	Anonymous Sat, Feb 21, 2015 23:16:58 No.659002 >>659000 where did the first $100k come from?

>>	Anonymous Sat, Feb 21, 2015 23:17:37 No.659003 25 $5000.01 CAD

Anonymous Sat, Feb 21, 2015 23:19:22 No.659005

>>658989
>>658995
>Car that you can pay off in three years
Terrible idea.

Buy one that you can pay for right now. Research the brand, and get friendly with a nearby repair shop if you need to (they can find junk parts for you cheap - make sure it's a common car. Don't buy the cheapest car you can find, either. Look online what to look for on a specific car, before you buy it. Some cars can have rust problems, others electronics and so on, but many cars also last a good many years. You don't need all the features, as long as it works and passes inspections.

You'd have to buy a gigantic amount of repairs before you reach the value of a "recent used car", I don't know what that guy's on about. Cars are dreadful investments, value-wise, and it's not going to be worth it. Just research, look at /o/ for that stuff, they have lists and whatnot.

>>>/o/

>>659000
~$200k and you need us to inflate your ego? You're well on your way there. Consult bogleheads if you're uncertain of how to invest it. Good job, friend.

Anonymous Sat, Feb 21, 2015 23:21:10 No.659006

>>659002
First ~$25k was from working shit jobs (summer school, etc.) in high school and college. I've been working for 6 months, which gets me ~$60k, and I got a 6-month bonus of ~$15k.

I'm sitting on $2k in BTC, but I don't particularly count that.

>>659005
Employer 401k matches 50%, and it's through vanguard, so I just max that out. Target age retirement fund or whatever they offer is where I've put my money.

>>	Anonymous Sat, Feb 21, 2015 23:21:31 No.659008 22 -10,000

>>	Anonymous Sat, Feb 21, 2015 23:23:56 No.659010 30 290,000 house -238,500 mortgage -32k vehicle -8k credit card Net : +11,500

>>	Anonymous Sat, Feb 21, 2015 23:29:42 No.659013 18 $45 in cash and debts owed $2,500 in Blu-ray collection (it's worth that much , but I didn't pay that amount)

>>	Anonymous Sat, Feb 21, 2015 23:30:44 No.659014 >>659013 Can you actually sell that collection for $2,500? If so, you really should.

>>	Anonymous Sat, Feb 21, 2015 23:30:44 No.659015 Turning 27 this year. My own wealth: 15k Inherited wealth: 100k I had a rough start, but starting this year I'm going to be able to save & invest ~30k yearly.

>>	Anonymous Sat, Feb 21, 2015 23:31:08 No.659017 21 ~15k

>>	Anonymous Sat, Feb 21, 2015 23:32:07 No.659018 >>659010 What country?

Anonymous Sat, Feb 21, 2015 23:38:45 No.659024

>>659014
I have a lot of out-of-print stuff that goes for quite a bit more than what I paid. Just last month I sold one music disc for $120 that I obtained for $24. I'll admit that it doesn't make much fiscal sense to keep most of it, but this is kind of my hobby. I've spent years on it. Plus, I don't really need the money very much.

>>	Anonymous Sat, Feb 21, 2015 23:39:44 No.659026 >>659024 And here I am worried about the fact that I keep ~$2k worth of BTC... I like having my assets liquid

>>	Anonymous Sun, Feb 22, 2015 02:12:39 No.659149 >>659026 I have 100k in BTC and my net worth is 250k

>>	Anonymous Sun, Feb 22, 2015 02:15:15 No.659153 >>659149 So your net worth is 150K

>>	Anonymous Sun, Feb 22, 2015 02:25:38 No.659161 29 10 bitcoin

>>	Anonymous Sun, Feb 22, 2015 02:28:39 No.659164 >>659013 >98% net worth in blu-rays >>659149 >40% net worth in Bitcoin >>659161 >100% net worth in Bitcoin Explains a lot about /biz/

>>	Anonymous Sun, Feb 22, 2015 02:29:11 No.659165 30 30k Comfortable life.

>>	Anonymous Sun, Feb 22, 2015 03:31:13 No.659209 >>659000 What kind of work do you do that gets you a $100,000 signing bonus at that age? I'm only aware of MBAs getting that kind of money.

Anonymous Sun, Feb 22, 2015 03:54:52 No.659219

28
About 480-500k

3 apartments
1st - worth about 133k, no mortage
2nd - worth about 225k, 93k in mortage
3rd - worth about 279k, 160k in mortage
Investments and money in savings accounts: About 95k
Also have some more invested in other projects, but don't have those numbers on hand.

>>	Anonymous Sun, Feb 22, 2015 04:00:02 No.659223 >>658836 28 $310k Half of that is made from stock gains over last 3 years

>>	Anonymous Sun, Feb 22, 2015 04:01:23 No.659225 28 310K (both retirement and non-retirement) +1000 bitcoins.

>>	Anonymous Sun, Feb 22, 2015 04:06:41 No.659231 >>659219 i'm guessing that 480-500k includes the three apartments? also, do you rent the apartments out? if so how difficult was it to secure the two mortgages as an investor?

>>	Anonymous Sun, Feb 22, 2015 04:07:10 No.659232 33 about 150k EUR

>>	Anonymous Sun, Feb 22, 2015 04:09:18 No.659234 20 $15400+ >haven't worked in 6 months, but doing a paid internship at a financial firm soon.

>>	Anonymous Sun, Feb 22, 2015 04:14:01 No.659236 1) 19 2) $7800

>>	Anonymous Sun, Feb 22, 2015 04:15:02 No.659237 22 $25.5k problem is, I'm so stingy that I don't even spend on things I know will help me grow...

Anonymous Sun, Feb 22, 2015 04:20:28 No.659240

>>659219
Yeah, it includes the apartments.

I didn't have much trouble securing the mortgages. Have a decent well paying job, where my salary is about 90k before tax. And with the rent money included I should be at about 117k before tax, but after costs related to the apartments.

Forgot to mention in first post that I'm from Norway, so the whole process is probably different here.

>>	Anonymous Sun, Feb 22, 2015 04:21:03 No.659241 >>659219 I would love it if you told me more about this. Do you rent them out? What kind of down payment do you need to do on them? How much did you start with? How come you don't just do REITs instead?

>>	Anonymous Sun, Feb 22, 2015 04:21:08 No.659242 >>658836 >22 >140k

>>	Anonymous Sun, Feb 22, 2015 04:22:56 No.659243 where's da patricians at? 1. 24 2. 740k 80k saved from job after expenses 200k from parents 460k from futures trading

>>	Anonymous Sun, Feb 22, 2015 04:54:09 No.659261 >>658920 You should buy a used corvette or other high performance used car.

>>	Anonymous Sun, Feb 22, 2015 05:18:48 No.659279 Age 37 House - worth ~550k Car - worth ~5k Savings - 32k Mortgage (210k) Credit Cards (1600) Net worth 375400

>>	Anonymous Sun, Feb 22, 2015 05:28:50 No.659285 >>659243 >200k from parents fuck my life

>>	Anonymous Sun, Feb 22, 2015 05:53:56 No.659299 20 5k usd Could be worse, I could have taken on debt for college

>>	Anonymous Sun, Feb 22, 2015 06:02:28 No.659310 >>659285 29 $560,000 from grandparents

>>	Anonymous Sun, Feb 22, 2015 06:05:32 No.659315 19 Maybe $22k AUD, so about $14k US perhaps? Feels real bad, man. >>659261 >You should buy a used corvette or other high performance used car. >Buying a car worth more than 5k when you're under 25 holy fucking shiggy batman

>>	Anonymous Sun, Feb 22, 2015 06:14:18 No.659319 39 $39

>>	Anonymous Sun, Feb 22, 2015 06:17:18 No.659322 19 ~€19k

>>	Anonymous Sun, Feb 22, 2015 06:45:15 No.659338 19 $38,000 Hope to one day hit thatt first million.

>>	Anonymous Sun, Feb 22, 2015 06:59:13 No.659341 File: 64 KB, 621x708, 1403356213785.jpg [View same] [iqdb] [saucenao] [google] >>658836 31 50 bucks

>>	Anonymous Sun, Feb 22, 2015 07:05:38 No.659343 -22 yrs -atleast 2 million in bone marrow by selling at black market

>>	Anonymous Sun, Feb 22, 2015 07:22:43 No.659347 28 20000

>>	Anonymous Sun, Feb 22, 2015 07:24:25 No.659348 23 some 500 euros

Anonymous Sun, Feb 22, 2015 07:29:23 No.659353

>>659241

Yeah, I rent them out. The first apartment I bought with saved up funds, so didn't have to take any mortgage loan on that one.

The second one I got cheap, I paid about 110k to take ownership of it, and it had about the same in debt. The price has gone up in that neighborhood a lot the last years, so I was a but lucky with that one.

The third one I am in closings on with the deal. The contract ain't signed yet, but it's scheduled for the 4th of march.

I should be doing a downpayment of about 100k on it, and then a loan of 160k.

>>	Anonymous Sun, Feb 22, 2015 07:50:13 No.659372 22 approx $80,000

>>	Anonymous Sun, Feb 22, 2015 08:56:34 No.659395 >>658836 29 11euros

>>	Anonymous Sun, Feb 22, 2015 09:04:49 No.659398 29 420 000 USD

>>	Anonymous Sun, Feb 22, 2015 09:18:05 No.659403 >>658836 22 50k

>>	Anonymous Sun, Feb 22, 2015 09:24:41 No.659404 >26 >0$/€ >living with my parents >never had a job >searching for it since i was 24

>>	Anonymous Sun, Feb 22, 2015 09:29:06 No.659406 >>658836 28 -$25,000 I have some money in the bank but also owe on my business loans. I paid off about $15k of debt last year and will do at least the same this year.

>>	Anonymous Sun, Feb 22, 2015 09:32:11 No.659409 >>658836 23 ~15K USD

>>	Anonymous Sun, Feb 22, 2015 10:22:21 No.659438 21 10k cash 67+k shares 50~k superannuation 60k car

>>	Anonymous Sun, Feb 22, 2015 10:55:38 No.659453 22 -£25,700

Anonymous Sun, Feb 22, 2015 11:07:01 No.659463

>>658836
>27
>€0
actually, if i was to repay my mother for the money shes been giving me since she isnt liable for maintenance anymore, i probably owe her about 20k by now. i havent even finished my bachelors degree yet and job prospects for me are absolutely terrible. mom wants to retire early but she cant because she still has to pay for all my shit.

>>	Anonymous Sun, Feb 22, 2015 11:10:30 No.659466 33 62k pretty sure I fucked up somehow

>>	Anonymous Sun, Feb 22, 2015 11:16:05 No.659472 23 (-60,000) I'll get there.

>>	Anonymous Sun, Feb 22, 2015 11:16:21 No.659473 18 €3000 (cash) €550 (laptops+IPad) -------- €3550 Won't have any student loans.

>>	Anonymous Sun, Feb 22, 2015 11:17:51 No.659479 >>659463 where in the EU are you from?

>>	Anonymous Sun, Feb 22, 2015 11:25:25 No.659488 >>658975 ha ha

>>	Anonymous Sun, Feb 22, 2015 11:25:49 No.659489 >>659479 Germany

>>	Anonymous Sun, Feb 22, 2015 11:34:06 No.659498 >>658836 17 $3,200 in the bank and around $600 worth of shit

Anonymous Sun, Feb 22, 2015 11:34:23 No.659500
File: 18 KB, 413x395, 1417727546056.jpg [View same] [iqdb] [saucenao] [google]

datfeeling.jpg to know that all of you posting net worth 100k+ $ are only poor fuck fags who live by their parents and doesnt even have 1k $ ! no one with moniez would hang out in this fu board, he would 1. try make moniez 2. party with bitches .. ahahahah you poor fu fags, dream on!

>>	Anonymous Sun, Feb 22, 2015 11:51:41 No.659525 >>659398 Statisics major? 300k starting? any job you want?

>>	Anonymous Sun, Feb 22, 2015 11:53:16 No.659527 >>659500 >implying everyone with any money parties with bitches

>>	Anonymous Sun, Feb 22, 2015 11:58:58 No.659529 25 ~40k assets - 160k mortgage

>>	Anonymous Sun, Feb 22, 2015 12:23:11 No.659549 25 275,000€ (Rentals, stocks & cash)

>>	Anonymous Sun, Feb 22, 2015 12:32:50 No.659555 File: 6 KB, 262x73, netwrth.jpg [View same] [iqdb] [saucenao] [google] >>658836 im 28

Anonymous Sun, Feb 22, 2015 12:34:00 No.659556

>>659500

What's wrong with living with parents? Sure independence is nice but I'm content to live on their land for a few more years throwing everything into assets until I get about 250k to 300k saved up. What do we need liquid assets for anyway? I'd wager most of us are mid 20s with catastrophic insurance. I do have car insurance but I pay every 6 months. It's an easily anticipated cost.

>>	Anonymous Sun, Feb 22, 2015 12:35:40 No.659557 >>659555 my first trips, ayyyy lmao

>>	Anonymous Sun, Feb 22, 2015 12:40:43 No.659563 >>658980 I had no money when I got my first job. I needed to borrow to buy a car of any kind. So long as he balance sheet is positive, it can make a lot of sense to borrow. I am paying 400 dollars in interest over 5 years.

>>	Anonymous Sun, Feb 22, 2015 12:48:39 No.659568 32 245,000 USD (Which coincidentally is less than I had when I was 30 - spending 65k last year and 50k the year before really screwed with the finances).

>>	Anonymous Sun, Feb 22, 2015 13:00:22 No.659578 24 275,000 USD I'm graduating with a master's in engineering in May. Where should I move to?

>>	Anonymous Sun, Feb 22, 2015 13:26:02 No.659606 26 $~900

>>	Anonymous Sun, Feb 22, 2015 13:28:01 No.659610 18 Around 3 dollars

>>	Anonymous Sun, Feb 22, 2015 13:29:18 No.659611 >>658836 26 Probably a little over 50k$ CAD

>>	Anonymous Sun, Feb 22, 2015 13:32:42 No.659613 33 $65000+

>>	Anonymous Sun, Feb 22, 2015 13:33:37 No.659618 19 $1048

>>	Anonymous Sun, Feb 22, 2015 13:46:41 No.659632 25 ~1000€

>>	Anonymous Sun, Feb 22, 2015 13:47:53 No.659634 19 50k

>>	Anonymous Sun, Feb 22, 2015 13:58:10 No.659650 24 -$25000 dollar doos

>>	Anonymous Sun, Feb 22, 2015 13:59:32 No.659653 19 34k cash 2k stocks

>>	Anonymous Sun, Feb 22, 2015 14:06:58 No.659663 >>658836 >>658836 20 334K goddamn if I was most of you i'd just kill myself

>>	Anonymous Sun, Feb 22, 2015 14:11:29 No.659669 >>659663 If I were you I wouldn't work ever again. You can buy 3 apartments in Moscow for that and live like a fucking king in Russia. I'm that 18 y.o. with 3 dollars.

>>	Anonymous Sun, Feb 22, 2015 14:12:31 No.659672 >>658870 youre gonna be stuck in debt if you keep putting the $ after the amount you stupid fuck $250 not 250$

>>	Anonymous Sun, Feb 22, 2015 14:16:54 No.659677 19 $26 000 Own wealth $45 000 CAD Inheritance >having debt >ever

>>	Anonymous Sun, Feb 22, 2015 14:23:29 No.659691 >>659663 how? How did you make it?

>>	Anonymous Sun, Feb 22, 2015 14:27:16 No.659693 >>658836 18 -$7k I graduate uni in 2 years with a bachelors in CIS, after that I'll probably be at like -$10 - -$12k yee haw

>>	Anonymous Sun, Feb 22, 2015 14:33:58 No.659696 19 450€

>>	Anonymous Sun, Feb 22, 2015 17:04:39 No.659837 File: 52 KB, 517x611, Capture.png [View same] [iqdb] [saucenao] [google] 29 pic related

>>	Anonymous Sun, Feb 22, 2015 17:09:40 No.659849 >>658836 19 1800 + car

>>	Anonymous Sun, Feb 22, 2015 17:19:24 No.659864 >>658836 24, about 0-15k, saving each month and working on becoming a CPA for better money. I should also be getting a lot of inheritance money later in life.

>>	Anonymous Sun, Feb 22, 2015 17:20:34 No.659868 >>658976 >thinks financing a car is a good economic move >would probably buy a time share too Fag.

>>	Anonymous Sun, Feb 22, 2015 17:22:14 No.659873 22, almost 23 $752.67 per month in SSI and SSDI.

>>	Anonymous Sun, Feb 22, 2015 17:24:21 No.659877 21 Around 2500€ >Never worked on my life.

>>	Anonymous Sun, Feb 22, 2015 17:27:18 No.659880 File: 102 KB, 304x254, Suffering.png [View same] [iqdb] [saucenao] [google] 23 -$850 in the bank -Rusty 2002 Car -$1200 in computer parts that are slowly depreciating. (Could probably sell the computer for $1500) -No Debt What am I doing with life?

>>	Anonymous Sun, Feb 22, 2015 17:27:45 No.659882 >>658836 20 $25,000

>>	Cal !7p6ZFzW.pU Sun, Feb 22, 2015 17:42:19 No.659906 >>659568 What did you have to spend 50k on?

>>	Anonymous Sun, Feb 22, 2015 17:49:57 No.659914 >>658836 26 ~30K USD + car (~7K USD) Feels little but looking at some of these posts really puts it into perspective.

>>	Anonymous Sun, Feb 22, 2015 17:53:16 No.659922 >>659914 Even if your net worth is zero, you are ahead of the game. Most people are in debt.

>>	Anonymous Sun, Feb 22, 2015 18:46:33 No.660024 >>658836 >21, but only started working a couple months ago >8.5k € >500 cash >2k car >4k lended to my mother >2k lended to my father (they're separated) Yes, I do realize i'll probably never see those 6k again, but they're my parents.

>>	Anonymous Sun, Feb 22, 2015 19:31:31 No.660106 32 -200k FML.

>>	Anonymous Sun, Feb 22, 2015 19:33:41 No.660113 25 -$40,000, from my senior year of undergrad before my parents ran out of money for my tuition

>>	Anonymous Sun, Feb 22, 2015 19:42:08 No.660130 >20 > ~9,000 TFSA > ~12,000 Pension > ~5,000 Net worth of Truck > ~26,000 Total

>>	Anonymous Sun, Feb 22, 2015 19:47:02 No.660142 File: 993 KB, 250x250, 1386512780674.gif [View same] [iqdb] [saucenao] [google] people listing automobiles as monetary assets MFW

Anonymous Sun, Feb 22, 2015 19:48:42 No.660146

>>658836
Almost 34
250k in stocks and cash
275k mortgage paid off - home is only worthy 250k though... fuckin shitty housing market

so.. half a mill before i start counting 401k and other cash accounts and cars...

i have a g8 gxp and a 1965 cobra replica, each are probably worth about 25k. The wife rolls an Altima, which we are thinking about upgrading to a Tesla S. But currently all cars are paid off.

Lets just round and say the wife and I are worth 600k.

looking to go buy a house in a better part of town. from owning a house outright, to having a mortgage feels like 2 steps backward.. but i know that keeping my cash invested and mortgaging at a 3.8% rate is a no-brainer... i will stop crying you a river now.. it's a good problem to have.

>>	Anonymous Sun, Feb 22, 2015 19:49:58 No.660150 >>660142 >Thinking an investment is an asset.

Anonymous Sun, Feb 22, 2015 19:52:40 No.660153

>>660142

If you can sell it for cash, it has monetary value. Some cars like my cobra replica were built for 25k and have always been worth 25k and will always be worth 25k. It's insured through collectors insurance for agreed upon value of 28k...

Daily driver, you need, and selling it for cash would mean riding the bus or sharing a car with a spouse or something... but cars are fully fair to place into a net worth calculations. the equity you have in a car is capital that is under your legal control.

>>	Anonymous Sun, Feb 22, 2015 19:55:29 No.660160 >>660153 >If you can sell it for cash, it has monetary value Yet, as you noted, your daily driver has greater utility value than monetary value, so calculating it into your net worth is a little apples-and-oranges.

>>	Anonymous Sun, Feb 22, 2015 19:57:46 No.660162 File: 7 KB, 228x221, 1403338181462.jpg [View same] [iqdb] [saucenao] [google] 23 Like 20k or some shit

Anonymous Sun, Feb 22, 2015 20:08:15 No.660175

>>660153

That's like saying the net value of a company doesn't consist of the machinery inside of the factories because without it the companies value would be worthless.

please post a picture of your face when you realize that people actually do value companies by their capacity to continue to do business.

Assets have tangible value, the owner of that asset and tangible value is always calculated to increase the owner's net worth. it literally doesn't matter what that thing is.

the hope diamond
a car
a factory
an airplane
24 acres of land
a 401k
300 slaves back in 1850
bitcoins in 2035

they all have value and they all count toward net worth whether you agree or not.

>>	Anonymous Sun, Feb 22, 2015 20:13:17 No.660178 26 $4.6k I just broke the $0 line last month. It'll be going up by like 2.5-3k every month from here on out.

Anonymous Sun, Feb 22, 2015 20:17:59 No.660183

>>660175
>>That's like saying the net value of a company doesn't consist of the machinery inside of the factories because without it the companies value would be worthless.

When a company owns a machine there is an expenditure to get the machine, but it's value is what it produces, not what it cost to acquire. A company full of expensive machines that produce nothing is, in fact, worthless.

>>	Anonymous Sun, Feb 22, 2015 20:18:10 No.660184 21 ~$10000 (Paid off car + Bank Account (with no loans/liabilities)

Anonymous Sun, Feb 22, 2015 20:29:54 No.660200

>>660183

A factory full of expensive machines is worth the land the factory is built on plus the value of improvements (building), plus the value of all the expensive machines (minus depreciation).

In fact there can even be more value than that because the assemblage of all that stuff in one place can actually add value above and beyond the material cost of aquisition was. this is especially true when there is a revenue stream or expensive brand involved.

the company that owns that factory is also worth the value of the assets it has under control, minus liabilities. in a real life scenario - wages are a liability which would quickly sink a non revenue/profit producing company.

HOWEVER, since you haven't mentioned any liabilities, the value of the company is the value of its assets. IE, the land, building, and machines.

> it's value is what it produces, not what it cost to acquire

no, see this is where you forget that a company in bankruptcy sells it's equipment for MARKET VALUE, not for the price of whatever it was capable of making.

it is perfectly clear you don't know anything about finance, so just stop.

if a millionaire owns a half dozen antique cars all costing a million a piece.. i suppose those don't count either because they are cars and he would need to sell them, thus making him less of a millionaire?

No. As a thought exercise, imagine a millionaire that owns 2 honda dealerships and finances the entire sales stock position of the company himself. since he owns the dealerships and the sales stock, he could be said to be holding millions of dollars worth of civics. would you say this man is also not worth that money because he would have to sell those cars to realize their value? your process makes no sense at all.

anything owned by a person, that has value, ends up in their estate when they die. this includes cars, and a person's estate is very much the realization of a person's net worth.

Anonymous Sun, Feb 22, 2015 20:40:53 No.660215

>>658836

25
Probably about $15,000

Around $8,500 Cash
Another $4,000+ Owed to me (currently taking payments in monthly)
Also own my car, but it's older and not worth more than $3,000.

I also own three small businesses, which I could sell for around $50k or so... not sure if that should be counted.

Anonymous Sun, Feb 22, 2015 20:46:43 No.660226

>>660200

Yes, you're right, finance does have a lot of rules that make no sense outside of ledgers. Thinking like this is what gets lots of companies in trouble in the first place. Sell off a division so massage the monetary value of the company while the utility value of keeping the division is ignored.

>>if a millionaire owns a half dozen antique cars all costing a million a piece.. i suppose those don't count either because they are cars and he would need to sell them, thus making him less of a millionaire?

If he owns nothing but million dollar cars he is a potential millionaire, not an actual one. Same for your dealership guy. Lots of potential monetary value but little actual monetary value. Calculating potential values into one's actual net worth is making a huge assumption about the actual monetary value of those assets.

Now, let me be clear, something can be an asset without contributing to monetary net worth. I have $X,000 in monetary assets as well as tools and a car. The tools and car are of far greater utility value than monetary potential, furthermore, their monetary potential is unrealized, so if you ask me my net worth I'm going to say $X,000 plus tools plus a car.

>>	Anonymous Sun, Feb 22, 2015 20:51:26 No.660231 23 >~$9,000 federal reserve notes Stacking my paper hard to get 15k by my 24th bday

>>	99.8% Feedback Sun, Feb 22, 2015 20:54:02 No.660236 File: 201 KB, 500x600, 1373947589646.gif [View same] [iqdb] [saucenao] [google] >>658836 19 $2,500

>>	Anonymous Sun, Feb 22, 2015 20:54:07 No.660237 19 $15000

>>	99.8% Feedback Sun, Feb 22, 2015 20:55:16 No.660238 File: 96 KB, 800x850, 1423451772794.jpg [View same] [iqdb] [saucenao] [google] >>660237 Well helloooooooooooooooooooooo

Anonymous Sun, Feb 22, 2015 21:04:29 No.660250

>>660226
>Calculating potential values into one's actual net worth is making a huge assumption about the actual monetary value of those assets.

Where do you live where it is so difficult to assign a decent value to an asset? I live in the US. We have kelly blue book to tell us what a used car is worth based off year and mileage. We have sites like autotrader and craigslist where if you price a car decently it will sell in a week or 2.

We have comparable market sales to tell us what a house is worth based of $/sq ft in the same neighborhood or zipcode. We have property assessors that do that shit for a living.

we have a fast moving and liquid markets that will tell us what a share of apple is worth, and allow us to liquidate the position in 2 minutes if that is what we wish to do.

I don't understand why it is so difficult for people on this board to realize that assets have a value that is fairly easily calculated and those assets in many cases can be directly converted to a cash value pretty damn quickly.

everytime a net worth conversation comes up.. there is always some idiot with the "huurrr durrr cash is king, cash is the only thing that has value - PS I have 2 gold bricks buried in my back yard"

It would be hilarious if it wasn't so sad.

There is nothing wrong with assigning fair market valuation to all of ones assets for reasons of net worth calculations.

Now.. i will agree that i don't care what type of TV you own.. because i don't consider the 1k total value of your tv assets to be worth considering. not becuase it isn't a fair asset to assign value to.. but because the valuation is trivial for most people. what is a thousand bucks? it's a rounding error in terms of net worth.

but cars can be worth a lot of money. The average value of most posts around here seems to be about 50k or less. Including or not including a car is going to swing this by +/- 50% easily.

>>	Anonymous Sun, Feb 22, 2015 21:15:49 No.660257 18 like $35k

>>	Anonymous Sun, Feb 22, 2015 22:05:07 No.660300 >>658903 brazil?

>>	Anonymous Sun, Feb 22, 2015 22:06:24 No.660301 >21 >100$ >not american

>>	Anonymous Sun, Feb 22, 2015 22:08:52 No.660303 19 $2,550 from my McJob What do I do now

>>	Anonymous Sun, Feb 22, 2015 22:13:50 No.660310 >>658903 >I'm 20 >and have none of those fml

>>	Anonymous Sun, Feb 22, 2015 23:11:52 No.660371 >>658961 Thanks mom and dad

>>	Anonymous Sun, Feb 22, 2015 23:13:43 No.660375 >>658989 > 2015 > owning a car

>>	Anonymous Sun, Feb 22, 2015 23:17:07 No.660381 >>658836 1)18 2)$8

>>	Anonymous Sun, Feb 22, 2015 23:19:54 No.660383 >>658836 19 hundred something grand i know of, probably more in other accounts/llcs in my name made by my parents as contingencies jelly of self-made folk

>>	Anonymous Sun, Feb 22, 2015 23:24:27 No.660387 21 as 9k

>>	Anonymous Sun, Feb 22, 2015 23:24:50 No.660388 >>658915 how was being in school your entire life

>>	Anonymous Sun, Feb 22, 2015 23:29:20 No.660395 >>659161 LOL

>>	Anonymous Sun, Feb 22, 2015 23:29:25 No.660396 26 -$125,000 kill me please.

>>	Anonymous Sun, Feb 22, 2015 23:31:10 No.660398 >>659322 :(

>>	Anonymous Sun, Feb 22, 2015 23:32:29 No.660400 >>659341 why??

>>	Anonymous Sun, Feb 22, 2015 23:33:13 No.660401 >>660396 seriously though someone come and put a bullet in my brain now pretty please

>>	Anonymous Sun, Feb 22, 2015 23:36:46 No.660404 >>660106 how?

>>	Anonymous Sun, Feb 22, 2015 23:41:09 No.660412 >>658886 >>658898 >>658908 >>658991 Early 30s guy making 34k a year isn't the most bad enough for you to be a dick about it

>>	Anonymous Sun, Feb 22, 2015 23:41:14 No.660413 >>660106 law school?

>>	Anonymous Sun, Feb 22, 2015 23:43:49 No.660416 >>658979 >>659000 You're a fucking hardo if you value yourself based on your net worth so I'm not going to inflate your ego

>>	Anonymous Sun, Feb 22, 2015 23:51:49 No.660422 >>658836 >21 >13k

>>	Anonymous Sun, Feb 22, 2015 23:55:56 No.660431 >>659341 Oh my- How are you holding up???

>>	Anonymous Sun, Feb 22, 2015 23:57:12 No.660433 >>660412 it's pretty bad. anyways that's his net worth not how much he's making

>>	Anonymous Mon, Feb 23, 2015 00:58:50 No.660494 >>659880 im feeling ya buddy

>>	Anonymous Mon, Feb 23, 2015 01:27:30 No.660525 I'm 16, I have 10K CAD. Working as a supervisor in a grocery store.

Anonymous Mon, Feb 23, 2015 01:51:08 No.660544
File: 272 KB, 600x442, Polishfeels.png [View same] [iqdb] [saucenao] [google]

>27
>25500 PLN (yeah, thats right)
15k in savings acc/emergency gund
10k in CD (3 months @ 5% annual)
opened an IKZE account recently, only about 500 PLN

so yeah, currently reading up on the few index funds available in Poland before I start putting some cash there

>>	Anonymous Mon, Feb 23, 2015 02:24:25 No.660570 File: 24 KB, 640x480, ZUS.jpg [View same] [iqdb] [saucenao] [google] >>660544 Oh don't worry, a portion of your salary is already being "invested" perfectly

Anonymous Mon, Feb 23, 2015 02:32:56 No.660577

>>658970
>not knowing how credit score works
You need to make loans to get a good credit score. You can't even buy a house if you've never made a loan before. Paying a bit more for a car over a long period of time saves you a lot of time and money in the future.

>>	Anonymous Mon, Feb 23, 2015 02:38:26 No.660581 >>660577 >taking a loan to finance LIABILITIES >ever Look pal, I'm sure you see your shiny new car as an "investment" that saves you time, but you would achieve the same with a used one for a couple of grand.

>>	Anonymous Mon, Feb 23, 2015 02:39:37 No.660584 22 ~6k from retail job ~2k investing said income in stocks in 2013

>>	Anonymous Mon, Feb 23, 2015 03:27:06 No.660614 >>658836 >19 >$4,000,000 And by $ I mean HUF

>>	Anonymous Mon, Feb 23, 2015 03:32:43 No.660618 >>660577 This is wrong on multiple levels. 1. You can get a good credit score for free with credit cards. 2. You can buy a house without a loan. 3. You can get a mortgage for a house without a credit score. It's just more difficult.

>>	Anonymous Mon, Feb 23, 2015 03:35:14 No.660622 >>660570 of course I remember! that's why I got an IKZE to begin with (thinking also about getting an IKE in the form of a brokerage account)

>>	Anonymous Mon, Feb 23, 2015 03:44:38 No.660625 >>660570 also, where you from brachu?

>>	Anonymous Mon, Feb 23, 2015 06:40:44 No.660696 >>660412 That net worth at his age is depressing as hell.

>>	Anonymous Mon, Feb 23, 2015 06:45:33 No.660699 >>659353 You managed to save 133K by when? It's quite a lot of money. What returns do you except on these?

>>	Anonymous Mon, Feb 23, 2015 06:48:05 No.660701 I think I might win here. 29 ≈£2500000 >tfw it's predominantly just thanks to rich parents

>>	Anonymous Mon, Feb 23, 2015 08:17:32 No.660780 46 610k

>>	Anonymous Mon, Feb 23, 2015 08:29:39 No.660787 File: 67 KB, 709x765, pepe shotgun.jpg [View same] [iqdb] [saucenao] [google] 27 £2000 in the bank £20,000 in loans/debt Also jobless Suicide is seeming like a good option right now

>>	Anonymous Mon, Feb 23, 2015 08:58:04 No.660807 >>660701 w-what do they do? lucky you :3

Anonymous Mon, Feb 23, 2015 08:58:38 No.660808

>>660699
I bought that apartment in May 2014, so closing in on a year ago.

I have been putting 5k NOK (approx 655 USD at today's exchange) every month into a savings account for the past 6 years, so that is 47.2k USD there.
Depending on overtime and bonus payouts, I also had between 5-10k USD extra per year there.

I also had a some payouts from a company I own 25% shares in, which totaled to about 40k USD over the past 5 years.

>>	Anonymous Mon, Feb 23, 2015 09:07:18 No.660816 >>660807 That's mostly the value of my share in a family-owned property company. My dad made his riches in television.

>>	Anonymous Mon, Feb 23, 2015 09:12:40 No.660820 19 €7k in savings account €11k in stocks I'm up about €600 since beginning of the year

>>	Anonymous Mon, Feb 23, 2015 09:15:24 No.660825 >>660816 producer? what do you do for work?

>>	Anonymous Mon, Feb 23, 2015 09:20:10 No.660830 >>659463 >mom wants to retire early but she cant because she still has to pay for all my shit. If her retirement is dependent on 20k euros then she can't retire even if she kicks you out/makes you pay for housing.

>>	Anonymous Mon, Feb 23, 2015 09:25:13 No.660834 >>660808 >I have been putting 5k NOK (approx 655 USD at today's exchange) every month into a savings account for the past 6 years, so that is 47.2k USD there. WHY? You shouldn't keep that much in a goddamn savings account dude.

>>	Anonymous Mon, Feb 23, 2015 09:33:26 No.660841 >>660825 He had a production company. I do property development, in the aforementioned property company.

Anonymous Mon, Feb 23, 2015 09:33:32 No.660842

>>660699
Forgot to reply about the returns.

At the moment, in terms of what I am paying and what I am earning, the budget comes down to approximately:

Apartment 1:
Income: 660 USD/month, total of 7920 per year.
Expenses: 53 USD/month, total of 636 per year. + 1 yearly payment of 393 USD for insurance.
Other expenses include Internet, TV, Utilities, Power etc, but they are paid by the person living there.
Net Income after tax: About 5002 USD per year.

Apartment 2:
Income: 1443 USD/month, total of 17310 per year.
Expenses: 1020 USD/month, total of 12248 per year. This has internet/TV, insurance, loan etc all included.
Net Income after tax: About 3705 USD per year.

Apartment 3 (Have someone moving in the 20th of March):
Income: 1700 USD/month, total of 20475 per year.
Expenses: 690 USD/month, total of 8272 per year. This has internet/TV, insurance, etc all included.
Loan: 900 USD/month, total of 10798 per year.
Net Income after tax: About 1025 USD per year.

On all expenses I am able to claim a 27% tax deduction, which totals to 5820 USD in deduction.
I am also able to claim 27% tax deduction on all interest paid on the loan, but I don't have that number here.

On average house/apartment value rises 3-6% here per year, so this also allows me to get decent profit if I sell any of the apartments in the future.
All three of them are located in popular areas, so it should be little to no problems doing so.

>>	Anonymous Mon, Feb 23, 2015 09:42:43 No.660847 - 21 - 2000 euros in savings Only started to save money a year ago.

Anonymous Mon, Feb 23, 2015 09:46:06 No.660848

>>660834
It had between 3.3 and 4.2% interest, so it wasn't too bad.
I did also put some of it into stocks, and also bought shares in that company.

At the moment I have spread it all around to a BSU (savings accounts for house/apartment here in Norway) which has decent interest and also gives me tax deduction.
Some into a few funds and stocks, but nothing too major there, and the rest is ATM being used to pay down debt on apartment 2 and 3 once that loan starts rolling.

I do expect to be able to pay most of it within a 5 year year period, if nothing serious happens with any of the apartments/they stay empty for a while, or the company I have shares in suddenly stops being profitable.

At the moment I am expecting a payout of 22k within a few weeks from that company, which will go towards the first downpayment on the loan.

>>	Anonymous Mon, Feb 23, 2015 10:07:27 No.660855 39 $216,000.

>>	Anonymous Mon, Feb 23, 2015 10:23:17 No.660867 >>658836 35 Married Combined 1,000,000 CAD Mostly because I bought a home in Toronto in 2001 - I still owe $87,000 on it from the original $220,000 I paid, kek

>>	Anonymous Mon, Feb 23, 2015 10:47:29 No.660883 20 -$1700

Anonymous Mon, Feb 23, 2015 11:06:52 No.660896

24
about 330,000 euros
have a small IT company for a few years now. primarly in the ecommerce. Building apps and themes for platforms like shopify. But sometimes building shops with magento.

Combined with custom made connections which automate work processes = €€€ (hourly rates above 100 euros ex vat)

Anonymous Mon, Feb 23, 2015 11:10:25 No.660898

>>660896
forgot to mention i live with parents for now. Just to save a little bit more and buy a nice house probably next year.

House prices here in Holland are way higher than USA. For like 150K you have a shitty terraced house. Decent houses start at like 300K. That's why 99% of the people here live in shitty small houses

>>	Anonymous Mon, Feb 23, 2015 11:10:50 No.660900 22 £20k I feel really pathetic right now. I want the big monies, but just feel it's out of my grasp.

>>	Anonymous Mon, Feb 23, 2015 11:15:40 No.660906 >>660900 Don't. 20K pounds for a 22yo is pretty much. More that i had back then ;)

>>	Anonymous Mon, Feb 23, 2015 11:47:59 No.660939 File: 98 KB, 253x230, intense.gif [View same] [iqdb] [saucenao] [google] 20 (40,000) Gotta love that ONE YEAR of private college (with state university only adding around 3k onto my debt per year).

>>	Anonymous Mon, Feb 23, 2015 11:49:05 No.660940 >>659209 The wild goose chase kind

>>	Anonymous Mon, Feb 23, 2015 12:05:30 No.660953 >>658836 Just turned 24 50k

>>	Anonymous Mon, Feb 23, 2015 12:41:34 No.660984 20 667,456

>>	Anonymous Mon, Feb 23, 2015 13:25:59 No.661050 >>660780 any proof of your oldness? like hand, penis, sotmach? or photo of daughter ;')

>>	Anonymous Mon, Feb 23, 2015 13:31:51 No.661057 19 11k euros

>>	Anonymous Mon, Feb 23, 2015 13:35:17 No.661061 File: 161 KB, 640x1136, image.jpg [View same] [iqdb] [saucenao] [google] 34 220k liquid 310k equity in real estate (Pic related, it's one of my liquid accounts)

>>	Anonymous Mon, Feb 23, 2015 13:46:09 No.661077 33 almost USD4500

>>	Anonymous Mon, Feb 23, 2015 14:40:40 No.661174 >>659001 Im not sure you understand.. he is commenting on you not making a down payment on your mortgage, which seems rather farfetched. As a fellow landlord I've never heard of that before, but maybe I'm just a newb. 25 $90K

>>	Anonymous Mon, Feb 23, 2015 14:50:28 No.661185 File: 8 KB, 166x163, bank.jpg [View same] [iqdb] [saucenao] [google] >>661077 nevermind i had more than i thought

Anonymous Mon, Feb 23, 2015 15:01:03 No.661209

>>660842
>On all expenses I am able to claim a 27% tax deduction, which totals to 5820 USD in deduction.
>I am also able to claim 27% tax deduction on all interest paid on the loan, but I don't have that number here.

These are the slumlord tax breaks that i have mentioned before.

I'm soooo happy that as a tax payer I am subsidizing your fucking sideline revenue streams.

I know you are probably thinking "wow.. this guys mad" well.. I am. these are absolutely the biggest fucking bullshit tax deductions that there are.

you'd make money without them. it's not like the tax deductions are needed to keep land lords servicing the rental markets...

>>	Anonymous Mon, Feb 23, 2015 15:01:46 No.661211 >>661174 like is said black people probably moved in next door and the house depreciated

>>	Anonymous Mon, Feb 23, 2015 15:05:50 No.661215 >>661211 He said he just bought the place last week nignog

Anonymous Mon, Feb 23, 2015 15:13:30 No.661223

>>661215
>He said he just bought the place last week nignog

>>658968
>...so you did finance the entire house and his criticism is valid.

That post isn't criticism. It's actually the explanation. Muslims don't believe in traditional western financing because payment structures like the ones created by western banks for mortgages are seen as abusive in islamic circles.

because of this they have their own banks and way of doing the maths that are "absolutely haram."

The person that commented that they were unaware of this type of financing activity is just ignorant of the ways of the islamic bank's halal mortgages.

>>	Anonymous Mon, Feb 23, 2015 15:21:12 No.661238 >>661223 Gotcha, I didn't realize you could get a mortgage without a down payment if your muslim... with those kinds of incentives maybe I should convert to islam!

>>	Anonymous Mon, Feb 23, 2015 15:25:11 No.661241 >>661238 The house comes with 72 virgins and everything it's awesome!

>>	Anonymous Mon, Feb 23, 2015 15:28:51 No.661248 19 $640,000 Parents and baby sister got killed by a drunk driver three years ago

>>	Anonymous Mon, Feb 23, 2015 15:38:52 No.661272 >>661248 is it worth it

>>	Cal !7p6ZFzW.pU Mon, Feb 23, 2015 15:47:31 No.661285 >>661248 >>661272 Yeah... Is it worth it? In my opinion 640k doesn't nearly do you justice for the death of both parents and a sibbling. There's slip and fall lawsuits where prople get that ammount for just breaking a hip.

>>	Anonymous Mon, Feb 23, 2015 15:50:19 No.661289 >>661248 did the drunk driver die?

Anonymous Mon, Feb 23, 2015 16:28:39 No.661348

>>661209

Yeah, I don't disagree with you. The system is quite abusable.

In Norway (maybe other countries too, but I'm not sure?) secondary homes also have a different tax value.
Your primary home has a tax value of 25% of the value, and secondary homes have changed from 60% to 70% starting from 2015.

This also makes it more valuable to have your money invested in real estate than in f.ex shares or normal savings accounts, which have a tax value of 100%.

>>	Anonymous Mon, Feb 23, 2015 16:32:49 No.661353 18 200$ per month emr-665@hotmail.com Can you send me just 1$? Oh thank You, Sir!

>>	Anonymous Mon, Feb 23, 2015 16:48:51 No.661367 >>658836 i wonder what her cunt smells like

Anonymous Mon, Feb 23, 2015 17:00:30 No.661379

>>658836
>>658842
>>658843
>>658866
>>658870
>>658886
>>658895
>>658903
>>658915
>>658920
>>658931
>>658939
>>658937
>>658941
>>658943
>>658944
>>658957
>>658961

You're all full of shit.

90% of people on this thread are saying they owe more than 200k, if that's the case why am I only seeing shitass 1.5k cars on car threads ? Why am I only looking at shitwatches on watches threads ? Why most /biz/'s investment advices are uneducated fuckshits ?

Fuck all of you saying you're fucking wealthy when you're just jacking off at your parent's, just be honnest for a sec you lying cunts.

Most of you can't even maths or finance properly, how do you expect to have 9000k on your own ? Oh yeah, 4chan is full of billionaire's sons.

Anonymous Mon, Feb 23, 2015 17:20:29 No.661398

>>661379
I am a millionaire and I have worked with a number of other millionaires in a field where he all make ~100K.

I just sold my 1996 Corolla. I was filling it with gas and the gas just poured right through the rusted tank onto the pavement and I decided it was time.

This is why we are millionaires. If I was on my third BMW since 1996 and my wife was too that would be the lion's share of my million gone.

Also, one of the greatest predictors of happiness in a person is their certainty that they are financially sound. It brings me much more joy to know I can tell my boss to fuck off any time I want. More than a car or a watch can bring me.

>>	Anonymous Mon, Feb 23, 2015 17:30:34 No.661406 >>661379 18 ~$800,000 Studying in Harvard rn. It's not even that hard to get rich.

Cal !7p6ZFzW.pU Mon, Feb 23, 2015 17:36:41 No.661412

>>661398
Generally this...

But it's very hard, if not possible to amass 1M in net worth just making a 100k salary... To be a millionaire by the time you're in your mid 30's, you really need a salary income of around 250k a year. With 100k-199k, taxes will knock it down 30% and housing and living expense will take up another third, leaving you with about 25-50k in pure savings a year... Would take a while to get to a million from that rate.

>>	Anonymous Mon, Feb 23, 2015 17:39:19 No.661413 >tfw wasted my life chasing money >tfw mid 30s realized its literally pointless

>>	Anonymous Mon, Feb 23, 2015 17:43:29 No.661424 >>658836 29 -$50,000 Shit yeah being a PhD student without paying down my MS debt because I can't find a job in my field without a PhD.

>>	Anonymous Mon, Feb 23, 2015 17:45:32 No.661429 File: 28 KB, 599x648, IMG-20150221-WA0013.jpg [View same] [iqdb] [saucenao] [google] 24 NW: around 1K (i know its nothing) About to be an Industrial Engineer next year, 0 debt tnx God

>>	Anonymous Mon, Feb 23, 2015 17:49:03 No.661435 >>661412 I posted earlier, I owe $600,000 of my net worth to the fact I bought a house in Toronto in 2001. My parents co-signed, I rented out two rooms to college bros. Best decision of my life. My remaining $400,000 is retirement accounts.

>>	Anonymous Mon, Feb 23, 2015 17:49:20 No.661436 File: 2.00 MB, 341x321, OWprH.gif [View same] [iqdb] [saucenao] [google] >>661379 either this is a meme i'm not aware of or you're dumber than a nigger with downs. most of the posts here are plausible.

>>	Anonymous Mon, Feb 23, 2015 17:51:02 No.661442 >>661412 >>661412 I posted earlier, I owe $600,000 of my net worth to the fact I bought a house in Toronto in 2001. My parents co-signed, I rented out two rooms to college bros. Best decision of my life. My remaining $400,000 is retirement accounts.

>>	Anonymous Mon, Feb 23, 2015 17:51:12 No.661444 >>660175 >bitcoins in 2035. Nobody listen to this guy

>>	Anonymous Mon, Feb 23, 2015 17:58:06 No.661460 >>661248 fuck

>>	Cal !7p6ZFzW.pU Mon, Feb 23, 2015 18:01:39 No.661470 >>661442 Yeah, helps a lot to have supportative parents. pretty much all of the people I know who come from a single parent household are(and will likely stay) poor plebs.

>>	Anonymous Mon, Feb 23, 2015 18:21:37 No.661506 19 and 2700 euros

>>	Anonymous Mon, Feb 23, 2015 19:11:30 No.661578 >younger than you >more than you this thread in a nutshell. what's the point of these anyway?

>>	Anonymous Mon, Feb 23, 2015 19:18:30 No.661588 File: 27 KB, 307x417, nw.jpg [View same] [iqdb] [saucenao] [google] pic related 33, 92k USD debts are 2 mortgages and student loans

>>	Anonymous Mon, Feb 23, 2015 19:59:16 No.661637 24 -80,000 Just got out of grad school

>>	Anonymous Mon, Feb 23, 2015 20:01:53 No.661642 34 931k jobless neet

Anonymous Mon, Feb 23, 2015 20:53:52 No.661726

>>660808
So you had 133K saved up when you were 27? And then somehow managed with the down payments on two more apartments within the year?

Also, since the return seems to be 3-4% a year, I'm assuming you're relying on a growth of at least 4% a year on the value of the apartments?

Do you do any maintenance on them yourself, or do you hire people to do it?

Finally, any advice for someone looking to get into real estate investing?

Anonymous Mon, Feb 23, 2015 21:19:57 No.661755

27 years old.
~$23,000 including car after a year of paying debts and saving.
Saving and investing approx 1,500 a fortnight now, plus superannuation.

No debts. Slowly getting there, after travelling around the world for the past 7 years.

Just waiting for the property bubble to burst here in Australia in the next year, so I can collect the tears of my peers and snap up a cheap property for myself.

>>	Anonymous Mon, Feb 23, 2015 22:04:27 No.661843 >>659500 why not just post the jpeg if you're gonna post one at all? faggot.

>>	Anonymous Mon, Feb 23, 2015 22:48:24 No.661930 >>661272 >>661285 Not remotely >>661289 On impact

>>	Anonymous Tue, Feb 24, 2015 00:19:31 No.662068 - 18 - 14k car - 30k business assets - 4.5k personal cash - 2.5k Company cash Do I have a decent head start? I have no loans.. - Worked for every cent

>>	Anonymous Tue, Feb 24, 2015 00:26:05 No.662083 >>662068 Yes. Very good head start. You've got an expensive car, for your age. I can't imagine your insurance is cheap. Still, will probably last you a long time.

>>	Anonymous Tue, Feb 24, 2015 00:27:45 No.662087 36 ~$150k Taxes are going to be a pain this year though

>>	Anonymous Tue, Feb 24, 2015 00:30:15 No.662092 >>662087 Make some capital losses?

>>	Anonymous Tue, Feb 24, 2015 00:32:22 No.662095 >>662092 First year of four year vest plus around $70k of forgiven debt means I have to declare like $440k income this year

>>	Anonymous Tue, Feb 24, 2015 00:36:23 No.662099 >>661406 You're the only person in this thread that's beaten me (19, roughly 400K) How did you make 800K if you're in college?

>>	Anonymous Tue, Feb 24, 2015 00:36:28 No.662100 >>662095 >I have to declare like $440k income this year top kek banks might forgive debt, but the government doesn't.

>>	Anonymous Tue, Feb 24, 2015 00:43:04 No.662110 19 5k in stocks 1k in cash Expected student loans 25-40k. My goal is to have a net worth equal to my debt at the end of my degree.

>>	Anonymous Tue, Feb 24, 2015 01:09:04 No.662137 >>662110 Good luck with that. Try to have fun at college.

>>	Anonymous Tue, Feb 24, 2015 01:20:27 No.662149 >21 >$24,400

>>	Anonymous Tue, Feb 24, 2015 01:20:35 No.662150 $450,000 24 I own my home and my car outright and am about to spend a stupid amount of money on a diamond because I'm an idiot.

>>	Anonymous Tue, Feb 24, 2015 01:21:55 No.662152 >>662150 If you're getting married: meh, there are worse things, regardless what you hear on NEETchan If you're just buying a diamond: worst investment ever

>>	Anonymous Tue, Feb 24, 2015 01:23:41 No.662153 >>662152 Marriage. No kids for years though. Fuck those things

>>	Anonymous Tue, Feb 24, 2015 01:26:18 No.662155 File: 76 KB, 420x541, pedestal_not_high_enough.jpg [View same] [iqdb] [saucenao] [google] >>662153 My experience is that guys never want the kids. Well, I know one guy who did, but I think it was so his wife would never ever leave

Anonymous Tue, Feb 24, 2015 01:32:25 No.662159

>>662155
It changes when your finishing your 20's up . I mean honestly i can see meeting eye to eye with a chick who also doesnt want kids and just having extravagant hobbies but by your late 20's it goes from "oh fuck is she on the pill? Etc etc" like you panic about it to like "oh youre pregnant? Cool , lets do that then"

>>	Anonymous Tue, Feb 24, 2015 01:36:30 No.662162 >>662155 I decided years ago that if my wife wanted, I'd be on board, if not, whatever.

>>	Anonymous Tue, Feb 24, 2015 02:06:29 No.662188 >>660867 >being 35 >still 'kek'ing

Anonymous Tue, Feb 24, 2015 02:16:51 No.662192

>>661726
I had somewhere around there, I forgot how much exactly, since I was getting income from multiple sources at the time, and I also put away some money to go on a 3 week vacation to America in the summer of 2014.

I used to work for a smallish ISP before, and we took ownership of a large network that had D-Link equipment installed.
We decided to replace all that equipment with Huawei GPON technology instead, so we were going to scrap everything out there. This was in 2011/2012, and we finished the work around Oct/November 2013.

I managed to snag this up from work, which in total was 50-60 DGS-3324SR switches, 40-50 DXS-3326GSR switches, 25-30 DGS-3627G switches and 300-350 DES-3010G switches, 20ish rack cabinets (a lot of the doors were broken though, so had to scrap quite a few).

The entire worth of this used was estimated at about 90-130k USD based on used prices in Norway at that time.
25% of this value goes back to my company though, based on our deal.

I have however not been able to get rid of it all yet, and I don't have the numbers for how many I have sold or have left here, as that is on my other laptop (I am currently on my primary job work-laptop).

And yeah, I am relying on a growth of 3.5-4% primarily, and the third apartment wasn't really something I had planned to purchase yet, it's just that an opportunity showed itself. The good thing about this one is that I have the possibility to rent it out two 2 people, as it has 2 bedrooms/2 terraces etc. But the person who wants to live there prefers living alone, so she wanted to pay extra for that.
Financially not the best choice for me, but it is someone who is close to me, so I agreed to do it for the first 3 year contract at least.

I do most of the maintenance myself, it depends on what it is, as I am not the most handy person ever. The family living in apartment 1 has done some work theirselves, as they have family who is educated electrician etc.

Anonymous Tue, Feb 24, 2015 02:32:23 No.662211

>>661726
About advice, I would recommend just waiting for the right opportunity, and checking how the market is in the area thoroughly before you decide to purchase.

Purchasing this third apartment is a slightly risky move for me, as it leaves me pretty dried out in terms of my assets, so if f.ex the market was to crash in Norway, I would potentially lose a lot of money.

However, I have a very secure job, and I also work part-time now and then at another place where I make a decent amount of money for IT consulting, so I am not too bleak about the future yet.

The company I have 25% ownership is doing pretty well, and has about 2 million NOK at the moment that we could withdraw, but we are letting it stay there to invest in other things, as if we do take any out, you have to pay 27% tax of it, but it means I do have saved up capital here too, for a rainy day.

Another thing to consider is, if possible, get an apartment with two bedrooms etc, so you can have two tenants instead of one. The price difference on your loan shouldn't be too much, but the income can potentially double.

And as with anything, once it starts making you money, it becomes easier to make more money. I did not expect to go from 1 apartment last year to 3 this year, but I had a few lucky strikes along the road which made this possible.

And make sure you always have enough money saved up to cover the monthly costs of the apartments, if they were to stay empty or you get a tenant who refuses to pay suddenly.

In Norway we do have a service that you can use, which takes a monthly cut, or a one-time fee for 3 years of "insurance", as in that they pay you the monthly rent, and then they get the money from the tenant. This is a much safer option, but it will remove some of your profit of course. I don't know if this exists in other countries, but I would guess so.

I have not used a service like that as of yet though, as the people living in the 3 apartments I am pretty safe about.

Anonymous Tue, Feb 24, 2015 03:09:26 No.662243

>>662153
>>662155
>>662159

Yeah, just wait until you're approaching your 30s. Your friends are settling down, a few of them have kids, it becomes increasingly normal to you. The reason you don't want kids in your 20s is because it's an alien concept, and you think it'll be too much work. A little while down the line you'll be feeling left out, and a bit envious of other people having children.

>>	Anonymous Tue, Feb 24, 2015 11:24:06 No.662524 22 3000€ no debt, at least...

>>	Anonymous Tue, Feb 24, 2015 12:00:30 No.662554 >>660842 thats pretty shit

>>	Anonymous Tue, Feb 24, 2015 13:53:27 No.662667 25 £4,000 in cash, expecting this to rise to £8,000 in the next three months. £8,000 in pension pot. £0 in shares or bonds right now. No liabilities.

>>	Anonymous Tue, Feb 24, 2015 14:00:22 No.662681 >>662554 Not at all. He has an asset that someone else is paying for, and getting a [mild] passive income in the meantime.

>>	Anonymous Tue, Feb 24, 2015 14:00:34 No.662682 20 about $4,000 in assets like +1000 more (if I sold everything I own)

>>	Anonymous Tue, Feb 24, 2015 14:21:11 No.662709 File: 66 KB, 960x574, image.jpg [View same] [iqdb] [saucenao] [google] 25. $20 >my age is higher than my net worth :(

Anonymous Tue, Feb 24, 2015 14:23:24 No.662711

23
$5000 in savings
$60/70k in assets (fully stocked shop, 1 pro street car, 2 motorcycles, a truck, and my daily driver)
No Debt

Guess I can't argue with that considering I'm going to school full time paying tuition in cash. I would like to buy the house I'm at now (Mom owns the house, I built the shop with my own cash) once I get my engineering degree but in the short term I'm looking to buy myself a nice car hauler trailer plus more tools for the shop, specifically a welder/plasma cutter and new paint guns.

>>	Anonymous Tue, Feb 24, 2015 14:25:25 No.662714 >>662243 Wait until you are 40 and all the people with kids are jealous of you for having so much free time

Anonymous Tue, Feb 24, 2015 14:45:40 No.662748

29
30k €uro in cash (mostly bank accounts)
70k €uro appartement
- 50k € debt for appartement

= 50k
+ big fat government retirement fund, no idea whats that worth. lots of things can happen until i can benefit from that.

Cant complain. Startet working real jobs at about 25, so thats not so bad.

>>	Anonymous Tue, Feb 24, 2015 14:51:22 No.662759 >>660842 you've been very open with your figures. Thanks man and good luck with your future ventures.

Anonymous Tue, Feb 24, 2015 14:55:37 No.662772

>>661379
>90% of people on this thread are saying they owe more than 200k, if that's the case why am I only seeing shitass 1.5k cars on car threads ? Why am I only looking at shitwatches on watches threads?

There's a reason they all have so much money bro. It's like you haven't even read the millionaire next door

>>	Anonymous Tue, Feb 24, 2015 15:01:29 No.662792 File: 11 KB, 250x247, 1419923960043s.jpg [View same] [iqdb] [saucenao] [google] 24 10,000

>>	Anonymous Tue, Feb 24, 2015 19:35:49 No.663409 >>662748 >70k euro apartment Hello, Poland.

>>	Anonymous Tue, Feb 24, 2015 21:27:36 No.663632 34 33k cash 74k vanguard Fuck me. Saving grace is the defined benefit pension.

Anonymous Wed, Feb 25, 2015 04:09:13 No.663956

>>662554
>>662681

The increase in value of the apartments over the years is also nice, and the tax deductions and lower tax value versus tax value of other investments also makes rental property a very good investment in Norway :)

The worst that can happen is the market crashing, which might happen at any time of course, but I'm generally not too worried about it.

>>	Anonymous Wed, Feb 25, 2015 04:10:14 No.663957 >>662759 No problem, and thank you :)

>>	Anonymous Wed, Feb 25, 2015 12:27:28 No.664255 >>659164 nice ha.

>>	Anonymous Wed, Feb 25, 2015 19:10:59 No.664924 >>658836 24.5 $15,000 cash ~2,000 assets BMW Z4

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