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Net Worth

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What is your current net worth?

<$10k
7
7%
<$50k
6
6%
<$75k
3
3%
<$100k
3
3%
<$200k
13
13%
<$400k
18
18%
<$500k
11
11%
<$750k
10
10%
>=$750k
23
23%
<I don't discuss this with peons
8
8%
 
Total votes: 102

Drazzil
Posts: 3392
Joined: Fri Oct 15, 2004 3:54 pm

Re: Net Worth

Post by Drazzil » Mon Sep 03, 2018 2:48 pm

I'm reminded about the part of Black Jesus where the guys are trying to find money to find fertilizer [for weed] and one of the guys realizes all he poessessed in the world wouldn't purchase one two hundred pound bag of fertilizer.

"I'm literally not worth a bag of shit"
Daehawk wrote:Thats Drazzil's chair damnit.

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GreenGoo
Posts: 40570
Joined: Thu Oct 14, 2004 10:46 pm
Location: Ottawa, ON

Re: Net Worth

Post by GreenGoo » Mon Sep 03, 2018 3:02 pm

Shit is more expensive than you'd think.

Drazzil
Posts: 3392
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Re: Net Worth

Post by Drazzil » Mon Sep 03, 2018 3:27 pm

GreenGoo wrote:
Mon Sep 03, 2018 3:02 pm
Shit is more expensive than you'd think.
:D
Daehawk wrote:Thats Drazzil's chair damnit.

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Isgrimnur
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Re: Net Worth

Post by Isgrimnur » Wed Jun 12, 2019 4:41 pm

Kraken wrote:
Sat Jun 11, 2016 4:49 pm
RunningMn9 wrote:
Rip wrote:Otherwise known as a ponzi scheme.
It's a pyramid scheme, that would have worked fine if we hadn't raided it to pay for other things, and we didn't have to deal with the unexpected bulge of the Baby Boomers.
The boom went from 1946-64. You'd think someone in the next 50 years would have expected us to retire.
To be fair, there was a good chance that you were all going to die in nuclear fireballs.

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Pyperkub
Posts: 19362
Joined: Mon Dec 13, 2004 5:07 pm
Location: NC- that's Northern California
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Re: Net Worth

Post by Pyperkub » Wed Jun 12, 2019 6:31 pm

GreenGoo wrote:One last thing. February of last year Pyperkub gave me acopy of YNAB. While I started out strong, it wasn't long before I dropped the ball. I feel I owe Pyper a huge apology. His generosity in this matter was significant, and I wasted it.

I'm very sorry Pyper.

With that said, it will be one of the tools I use moving forward, assuming I don't fall down again. So while I fully admit I wasted the opportunity, I also like to think it will still result in the benefit that it was intended.
No worries, I haven't used mine much either. The time and energy kills me. FWIW it was from a steam sale, so don't stress.
There are three ways to not tell the truth: lies, damned lies, and statistics.

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Kraken
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Re: Net Worth

Post by Kraken » Wed Jun 12, 2019 7:18 pm

Isgrimnur wrote:
Wed Jun 12, 2019 4:41 pm
Kraken wrote:
Sat Jun 11, 2016 4:49 pm
RunningMn9 wrote:
Rip wrote:Otherwise known as a ponzi scheme.
It's a pyramid scheme, that would have worked fine if we hadn't raided it to pay for other things, and we didn't have to deal with the unexpected bulge of the Baby Boomers.
The boom went from 1946-64. You'd think someone in the next 50 years would have expected us to retire.
To be fair, there was a good chance that you were all going to die in nuclear fireballs.
You kid, but I really grew up expecting that -- I never imagined that I would live to 62 (and still counting). Now that the end of civilization is not expected for another 20-30 years, I feel cheated out of an apocalypse.

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em2nought
Posts: 3594
Joined: Fri Oct 15, 2004 5:48 am

Re: Net Worth

Post by em2nought » Wed Jun 12, 2019 7:18 pm

Isgrimnur wrote:
Wed Jun 12, 2019 4:41 pm
To be fair, there was a good chance that you were all going to die in nuclear fireballs.
Maybe that's what they were hoping for so there wouldn't be any 'splainin' to do with them being all safe and sound in their Greenbrier Resort bunker and all. :mrgreen:
Waiting for the tide to bring me a sail.

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Isgrimnur
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Re: Net Worth

Post by Isgrimnur » Wed Jun 12, 2019 7:22 pm

Kraken wrote:
Isgrimnur wrote:
Wed Jun 12, 2019 4:41 pm
Kraken wrote:
Sat Jun 11, 2016 4:49 pm
RunningMn9 wrote:
Rip wrote:Otherwise known as a ponzi scheme.
It's a pyramid scheme, that would have worked fine if we hadn't raided it to pay for other things, and we didn't have to deal with the unexpected bulge of the Baby Boomers.
The boom went from 1946-64. You'd think someone in the next 50 years would have expected us to retire.
To be fair, there was a good chance that you were all going to die in nuclear fireballs.
You kid, but I really grew up expecting that -- I never imagined that I would live to 62 (and still counting). Now that the end of civilization is not expected for another 20-30 years, I feel cheated out of an apocalypse.
I grew up in a military family in the 80s. It wasn’t a joke then, either.

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Blackhawk
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Re: Net Worth

Post by Blackhawk » Wed Jun 12, 2019 7:31 pm

You know, I don't think I ever actually answered this thread. If I take everything I own that's worth selling, including my car, add my savings, and subtract my student loans...

About -10k. And yes, that's a negative number.
[This space left intentionally blank.]

Drazzil
Posts: 3392
Joined: Fri Oct 15, 2004 3:54 pm

Re: Net Worth

Post by Drazzil » Wed Jun 12, 2019 8:42 pm

Lets see here. The bad news is I have around 40k (that I still don't know if I'm going to be able to keep) and around 5k in a retirement account literally doing nothing. So I operate on the theory that I have nothing. Considering I'm going to be 37 years old this is a horrible state of affairs. The upside is I have zero debt zero student loans and will be headed to Portland soon. I will be on section 8 for a term of five years so hopefully rent wont be much of an issue.

I'm hoping to find a job where I can finally use my degree and pull down enough to save for a house. Fingers crossed.
Daehawk wrote:Thats Drazzil's chair damnit.

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Grifman
Posts: 18247
Joined: Wed Oct 13, 2004 7:17 pm

Re: Net Worth

Post by Grifman » Wed Jun 12, 2019 9:14 pm

Drazzil wrote:
Wed Jun 12, 2019 8:42 pm
Lets see here. The bad news is I have around 40k (that I still don't know if I'm going to be able to keep) and around 5k in a retirement account literally doing nothing. So I operate on the theory that I have nothing. Considering I'm going to be 37 years old this is a horrible state of affairs. The upside is I have zero debt zero student loans and will be headed to Portland soon. I will be on section 8 for a term of five years so hopefully rent wont be much of an issue.

I'm hoping to find a job where I can finally use my degree and pull down enough to save for a house. Fingers crossed.
Put your retirement fund into a S&P 500 stock index and forget about it.
Tolerance is the virtue of the man without convictions. – G.K. Chesterton

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LordMortis
Posts: 61350
Joined: Tue Oct 12, 2004 11:26 pm

Re: Net Worth

Post by LordMortis » Thu Jun 13, 2019 10:06 am

Grifman wrote:
Wed Jun 12, 2019 9:14 pm
Drazzil wrote:
Wed Jun 12, 2019 8:42 pm
Lets see here. The bad news is I have around 40k (that I still don't know if I'm going to be able to keep) and around 5k in a retirement account literally doing nothing. So I operate on the theory that I have nothing. Considering I'm going to be 37 years old this is a horrible state of affairs. The upside is I have zero debt zero student loans and will be headed to Portland soon. I will be on section 8 for a term of five years so hopefully rent wont be much of an issue.

I'm hoping to find a job where I can finally use my degree and pull down enough to save for a house. Fingers crossed.
Put your retirement fund into a S&P 500 stock index and forget about it.
I'm a bit more diverse than that but SPY and VT(I?) have been by far the safest and most consistent performers for me both in my 401k and my personal portfolio. Makes me sad I took investor advice for so many years all of which somewhere between worse or flat out bad. Of course, not investor advice is that SPY is what it is because everyone is treating it as their safe retirement. If they're right and the boomers kill it with their mass retirements and withdraws, I'll be fooked again but I'm not sure what the alternative is. I've shown in my personal portfolio that I don't have what it takes to invest with "knowledge" and CDs are keeping their nose at inflation level, which are the only place to put money if you are wholly ignorant.

I'm hoping I'm on the five years horizon. I'd say it's time for me to figure out my 401k exit strategy but as long as I am employed there isn't one. I can't, for instance, just start putting money in to annuity that is more shielded from market risk. Their idea of shiedling is to invest in one or more of their bond funds. And I don't have a high opinion of the risk/reward for bond funds.

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