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DarthRebel
USA Fan
Member since Feb 2013
6904 posts

A different take - When did your net worth pass $1 million?
It seems 90% of the OT make north of $100,000. A salary is worthless if you do not save though.

I was probably 40 when it all added up over 7 digits.

Some people living in better housing markets might have an easier go at this.

Key point, just living in a $500,000 house does not help if you still owe $450,000 on it
This post was edited on 2/2 at 9:06 am


Brazos
LSU Fan
Member since Oct 2013
10472 posts

re: A different take - When did your net worth pass $1 million?
Boy will this thread be full of lies.


Tortious
ATX
Member since Nov 2010
1512 posts

re: A different take - When did your net worth pass $1 million?
It's been so long hard to remember... Kind of like getting my finger wet the first time.


S
Texas Southern Fan
Evergreen, LA
Member since Jan 2007
93358 posts

re: A different take - When did your net worth pass $1 million?
Oh put a sock in it.


elposter
Alabama Fan
Member since Dec 2010
13936 posts

re: A different take - When did your net worth pass $1 million?
quote:

When did your net worth pass $1 million?


I was probably 40 when it all added up over 7 digits.



Are you counting the unrealized estimated equity in your house in "net worth"?


Volvagia
LSU Fan
Fort Worth
Member since Mar 2006
45643 posts

re: A different take - When did your net worth pass $1 million?
shite.

I am someone who was in the work force for just a few years, with a owned townhome, car, student loans, etc.

I felt like a millionaire just when my net worth became positive.
This post was edited on 2/2 at 9:09 am


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500
Displaced
LSU Fan
Member since Dec 2011
22862 posts

re: A different take - When did your net worth pass $1 million?
I'm 31, wife is 29.

According to mint, our net worth is almost $330k.

But we have very good company retirement contributions.


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DarthRebel
USA Fan
Member since Feb 2013
6904 posts

re: A different take - When did your net worth pass $1 million?
quote:

Boy will this thread be full of lies.


Well, OT is going to OT


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50
LZ83
LSU Fan
La
Member since Sep 2016
5583 posts

re: A different take - When did your net worth pass $1 million?
In 30 more years


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60
GRTiger
USA Fan
On a roof eating alligator pie
Member since Dec 2008
41456 posts

re: A different take - When did your net worth pass $1 million?
The OT, the arbiter of "is it trashy," sure does love talking about their and other people's money.


tigerbutt
LSU Fan
Deep South
Member since Jun 2006
16949 posts

re: A different take - When did your net worth pass $1 million?
Retirement alone is at that mark.


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pioneerbasketball
Arkansas Fan
Team Bunchie
Member since Oct 2005
77180 posts
 Online 

re: A different take - When did your net worth pass $1 million?
Won't ever happen.

I'm married.


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Tiger Ryno
Houston Astros Fan
#WoF
Member since Feb 2007
86684 posts

re: A different take - When did your net worth pass $1 million?
I'm broke af. It's all about family for me. Focus on what's important.


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381
lsu777
LSU Fan
westlake
Member since Jan 2004
10330 posts

re: A different take - When did your net worth pass $1 million?
not yet, prolly be about 40 too. and yea this is a better judge,


oh and 90% doesn't make 100k, the only ones that post in those threads are the ones that do usually. also realize you are on a board that is centered around a school of higher learning with most on these boards either graduated from, attended and graduated from somewhere else or they donate to it in some form. Of course the number of people who make 100k is going to be skewed over the normal population.


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215
LCA131
Appalachian St. Fan
Home of the Fake Sig lines
Member since Feb 2008
49372 posts

re: A different take - When did your net worth pass $1 million?
quote:

oh put a sock in it.


Cashmere with argyle pattern, no doubt?


Ace Midnight
LSU Fan
Between sanity and madness
Member since Dec 2006
62486 posts

re: A different take - When did your net worth pass $1 million?
"Net worth" is such a dubious factor, anyway. How much of that is liquid? How much of that is in retirement funds? How much of that is in the house?

And so forth. My liquid net worth will not get to $1m or more until I retire - I like it that way - keeps me hungry and disciplined so I will have an easier time in retirement. I was a dumb/late saver, plus a few "emergencies" put me behind about a decade or so.

Having stabilized all that - at approximately 50, I place my "effective" net worth at just over $1m currently, when you take into account vested retirement, retirement savings, cash, and relatively little debt. I have divested of individual stocks and equities outside of the index funds in my retirement portfolio. Should be closer to $1.5m, but like I implied, "$hit happens."
This post was edited on 2/2 at 9:13 am


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114
Rando
USA Fan
When IPs were Visible
Member since Apr 2015
11566 posts

re: A different take - When did your net worth pass $1 million?
If we consider all property holdings, non liquid assets, age 18.

I do not.

I would say my net worth, minus all debt, maybe 60-80k liquid. I make less than that a year these days.

Honestly, I just want to go into a plant, work 12 years and retire. Or work for the state for 20 years and retire.


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213
GEAUXT
USA Fan
Member since Nov 2007
23267 posts

re: A different take - When did your net worth pass $1 million?
quote:

When did your net worth pass $1 million?


1 day sooner than what anyone else says


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S
Texas Southern Fan
Evergreen, LA
Member since Jan 2007
93358 posts

re: A different take - When did your net worth pass $1 million?
Indubitably. An intricate Pierre Cardin design no less.


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Jack Daniel
LSU Fan
In the bottle
Member since Feb 2013
12707 posts

re: A different take - When did your net worth pass $1 million?
When I was born


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