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re: Are you in the 1% club?

Posted on 1/25/15 at 7:16 pm to
Posted by OFWHAP
Member since Sep 2007
5416 posts
Posted on 1/25/15 at 7:16 pm to
quote:

quote:
Okay let's play this game. If you had to liquidate your entire net worth by the beginning of February, how much of it could you take with you (minus taxes)?


Me, I'm well south of 800k and I feel like I'm doing okay.

If I sold the house and liquidated retirement accounts and sold cars? Maybe 180k-200k.

I'm 30, not an OT baller, at all.


I know a bunch of well-off people in the Bay Area who are in their 30s-40s who have trouble making a $250K down payment toward a home. According to the OT that's poverty.
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