.

[Stewo]

Most people can’t afford me

 

[ca4cy]

Yeah, $1M is really conservative, especially if you live until you're 90 or so. My current target is $3 million for retirement. I want to have enough to live comfortably and travel plus have enough on hand in the event of health issues. And if things go well, I'd love to pass along some to my daughter. I'm not counting on crap from SS.

Pretty much what I'm figuring word for word.

 

[wxman1]

I am not even 30 years old. Our net worth is so far down on my list of things I care/am worried about it isn't even funny.

 

[3TrueFans]

No option for those of us in the 3 comma club?

 

[throwittoblythe]

Less than 0?

I remember buying life insurance for the first time after college. When the agent asked my estimated net worth, my response was "is it ok if it's less than $0?" He still took my money.

 

[ISU85]

I'm going to live it up in retirement until the money runs out, then eat as much bacon as I want and let nature take its course.

 

[jbindm]

Its um....not great. But my self worth is excellent.

 

[Rabbuk]

Feel like you should take the net present value of your retirement accounts based on your retirement timeline

 

[cyfan92]

My NW is about to go from black to red when my wife and I buy our first home in the coming months. But, for now I am in the black!

 

[cycloneG]

My NW is about to go from black to red when my wife and I buy our first home in the coming months. But, for now I am in the black!

Unless you're overpaying for your home, you should still be in the black after the purchase.

 

[BCClone]

I was very wealthy at a time, then I got married. That cured that and i tried to tread water.

I then became a dad, i don't have squat now. Need to find a sugar momma somewhere.

 

[BillBrasky4Cy]

 

[SoapyCy]

we had a nice rise going until kids. then it leveled out.

 

[CycloneErik]

No option for those of us in the 3 comma club?

I could link my PayPal for some contributions. That's an option.

 

[LarryISU]

Unless you're overpaying for your home, you should still be in the black after the purchase.

Correct, buying a house should have essentially no effect at all on your net worth because your mortgage is offset by the value of your new asset, the house.

 

[coolerifyoudid]

we had a nice rise going until kids. then it leveled out.

Yes, that's how it works.

 

[BCClone]

Correct, buying a house should have essentially no effect at all on your net worth because your mortgage is offset by the value of your new asset, the house.

Only time I would disagree is if you build it and especially in a smaller town. We did and it took about 10 years to get back what we stuck into it. (Using comparable sales)

 

[KnappShack]

30% over a $1,000,000?

JP, start the calls there and work your way down.

NEZ with the "Executive Jacuzzi" area

 

[octaviouspoon]

No option for those of us in the 3 comma club?

Which way do your car doors open?

 

[jbindm]

I was very wealthy at a time, then I got married. That cured that and i tried to tread water.

I then became a dad, i don't have squat now. Need to find a sugar momma somewhere.

That's my plan, too. If that doesn't work out, Plan B is to steal the Declaration of Independence. Or beg for change off I-235. Whatever's easier.