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Started By
Message
How wealthy are you?
Posted on 8/25/14 at 4:30 pm
Posted on 8/25/14 at 4:30 pm
LINK
This is a calculator that determines how wealthy are you. Its from the millionaire next door, and is pretty interesting to look at.
The one thing I would caution is if you are young, its going to say you are under accumulator, especially if you recently increased your salary. Its really built for those over 35.
But its fun to see if you are "on track"
Please feel free to post your scores, the score doesn't disclose your savings or income. Cause we know you are all OT ballers with 250k income and 4000 sq ft homes.
Your Wealth Index (WX) is 1.182 Average Accumulator of Wealth
This is a calculator that determines how wealthy are you. Its from the millionaire next door, and is pretty interesting to look at.
The one thing I would caution is if you are young, its going to say you are under accumulator, especially if you recently increased your salary. Its really built for those over 35.
But its fun to see if you are "on track"
Please feel free to post your scores, the score doesn't disclose your savings or income. Cause we know you are all OT ballers with 250k income and 4000 sq ft homes.
Your Wealth Index (WX) is 1.182 Average Accumulator of Wealth
24
Posted on 8/25/14 at 4:36 pm to Hawkeye95
1.013
Posted on 8/25/14 at 4:37 pm to Hawkeye95
I am 28 with a negative household networth with my wife's student loans.
Take out the loan debt and it moves to:
quote:
For Your Age and Income, Your Desired Net Worth would be $ 383600
quote:
Your Wealth Index (WX) is -0.222
Take out the loan debt and it moves to:
quote:
Your Wealth Index (WX) is 0.352
This post was edited on 8/25/14 at 4:38 pm
Posted on 8/25/14 at 4:42 pm to Hawkeye95
I'm in the UAW category, but this calculator can't take into account that I paid my grad school with cash and am currently paying my wife's professional school in cash. I guess those don't have any measurable "value" that can be considered "wealth", but they are an investment IMO.
Posted on 8/25/14 at 4:57 pm to Hawkeye95
1.126 ?
Posted on 8/25/14 at 5:04 pm to Hawkeye95
1.852 AAW
Posted on 8/25/14 at 5:22 pm to Hawkeye95
6.179
PAW
PAW
Posted on 8/25/14 at 5:41 pm to LSURussian
I'm just Painstakingly normal.
I'm not sure that's a good thing.
I'm not sure that's a good thing.
Posted on 8/25/14 at 5:44 pm to LSURussian
quote:
6.179
PAW
seriously, that is pretty impressive. I can't even imagine saving enough money in my lifetime to get to this level. congrats.
Posted on 8/25/14 at 5:45 pm to Cdawg
quote:
I'm just Painstakingly normal.
I'm not sure that's a good thing.
me too. don't worry dawg, nothing wrong with being normal.
what is odd about this is I am average, but I doubt if anyone saw my balance sheet would call me average.
Posted on 8/25/14 at 6:06 pm to Hawkeye95
Your Wealth Index (WX) is 1.169
Posted on 8/25/14 at 6:28 pm to Hawkeye95
0.8
This calculation makes more sense for flattish incomes. Otherwise it seems meaningless.
This calculation makes more sense for flattish incomes. Otherwise it seems meaningless.
Posted on 8/25/14 at 6:58 pm to Bayou Tiger
quote:
This calculation makes more sense for flattish incomes. Otherwise it seems meaningless.
It called me a liar.
Posted on 8/25/14 at 7:06 pm to Hawkeye95
quote:Wow
For Your Age and Income, Your Desired Net Worth would be $ 375000
That seems like a lot for a 25 yr old
Posted on 8/25/14 at 7:09 pm to Hawkeye95
UAW, but I have 30 years to catch up. Doesn't help that my real job didn't start until 30. I was basically accumulating debt from age 22-30.
Posted on 8/25/14 at 7:14 pm to LSURussian
You need to work on getting more income out of your assets ;)
Posted on 8/25/14 at 7:20 pm to SmackoverHawg
Is it Gross or AGI or what?
I'm anywhere from a .5 to .8 to 1.05 depending on new gross salary, old gross salary, old AGI.
I thought I was doing okay for the average my age (28), but prob only on par for my salary. Seems to reflect this.
I'm anywhere from a .5 to .8 to 1.05 depending on new gross salary, old gross salary, old AGI.
I thought I was doing okay for the average my age (28), but prob only on par for my salary. Seems to reflect this.
Posted on 8/25/14 at 7:25 pm to Hawkeye95
quote:
seriously, that is pretty impressive. I can't even imagine saving enough money in my lifetime to get to this level
You can't. Wealth isn't built by saving, it's built by creativity (and/or luck).
I'm not trying to be a smart arse at all, but to get top 1-3% net worth, you can't have a 150k/yr job and save 10%. You've got to get out of the box.
Posted on 8/25/14 at 7:26 pm to LSUtigerME
This calculator makes no sense. I am probably in the top 5% of accumulated wealth for people my age (assuming no trust fund) and it had me scoring a .45 
Posted on 8/25/14 at 7:27 pm to Hawkeye95
Your Wealth Index (WX) is -0.121
Early 30's, large income with huge student loans resulting in negative wealth.
Early 30's, large income with huge student loans resulting in negative wealth.
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