Average Net Worth
- Thread starter prlyles
- Start date
That could be a decent guess. I assume you're looking for the median net worth, as opposed to the average (mean). The average net worth for an American is 301K - but thats obviously heavily skewed by the billionaires and multimillionaires out there. The median net worth for an American is 44K.
No, that is just adults (which I'm guessing they define as 18+). It was a Credit Suisse Global Wealth study - it's also as of August 2014 - so may not be the most up to date stats, but a decent starting point. I'm not sure whether I would say that the average OOTBer is above/below the average american adult. On one hand I'd say above - because a lot of OOTBers seem to be college grads (probably majority UNC), and obviously have internet access (whether that's because they pay for it, or have a job where they get it are both good signs). On the other hand the geographical representation of the majority of the board is probably in an average to below average net worth area of the country. That's not a knock - its just that its a relatively low cost of living area, so not as much money is needed to have a decent living. I know my compensation would go a lot farther in the South than it does in Boston where I get reamed on pretty much everything. Although if I worked in that area, I'm sure my compensation wouldn't be what it is. It's all relative and give/take.
My feelings about the poors have been well documented here. I'm definitely the guy skewing this board's average net worth upwards.
You and me both. I work in the nonprofit world, Holmes.
2 years ago, I was close to bankruptcy. Started taking building contracts in a nuclear plant. Managed to grow my business quite a bit. 1st was recovery year and paid off most of my debt. Grossed 1.2 last year. Will trend up to about 1.6 this year. Paid in more intaxes than what I made the year prior. Good Lord is blessing me
Read the OP again. Nobody wants to know what you're worth, it just ask for your guess on the average poster. Heck, I won't talk about that even with family members...lolAll I can say is that I am done paying into SS this year and have maxed 401k already, So my paychecks are bigger for rest of year. Have probably already paid more taxes than most folks make.
The only reason I post this is to rustle 71-00 jimmies..
I don't even know how to measure net worth sooooooooooooooooooo....a little help @Hark_The_Sound_2010
I say the majority of poasters are middle class. Ranging from 60k - 200k per year. I've noticed many have been to college. Not saying that's a promise for success but a good level towards their intellect. I never went to school outside of high school. Growing up in a rural county, education was not pushed like it should have been. Majority of folks in my area were poor. I remember the only goal set for kids was to graduate HS. Mom's generation had less of an influence to go to school.
There was little funding in place for college. They offered trade options at the local college. I wish I had someone to push me along more so than to just make a passing grade.
I went the general contractor route to have an option to be successful. Finally making a decent go at it. I promise I am pushing my daughter to school for a trade. I don't want her to end up at Walmart with 3 kids by the time she is 24
There was little funding in place for college. They offered trade options at the local college. I wish I had someone to push me along more so than to just make a passing grade.
I went the general contractor route to have an option to be successful. Finally making a decent go at it. I promise I am pushing my daughter to school for a trade. I don't want her to end up at Walmart with 3 kids by the time she is 24
11, I do a worksheet that determines your net worth each year for renewing my license. Simply put, it's your current and long term assets minus your current and long term liabilities. There should be forms online to allow you to figure it. It's simple if you don't own much. Someone like louigi, not so simple. I think if you run your financials thru QuickBooks, it will generate it for you
It wouldn't take long at all for me because I don't own very much. My most expensive possession is probably a Playstation 4
I'm still driving a car that was gifted to me 10 years ago, so it's not technically mine.
I actually think college is overrated and not a necessity for a lot of people. I think trade schools should be offered up as an option just as much as college is. It's almost unheard of to hear a guidance counselor or teacher mention trade school. People with influence like that almost make it seem as if you have to have a job that makes you sit at a desk and wear a suit. And this is coming from someone who has their MBA.
I agree 100% with this.
Furthermore, high schools need to go back to offering vocational classes and training. As a society, we are trying too hard (at least in affluent areas) to turn every kid into a white collar CEO. My high school, for instance, had no woodshop class, no auto body repair class, nothing of that sort. What if I didn't have a dad to show me that stuff? I'd have been screwed.
I couldn't begin to guess. Obviously it skews way upward if you include infrequent OOTB posters like HeelFan58 who are clearly in another league from us poors.
I am probably somewhat in the middle. The first few years out of college I'd have been in the negative, but now my wife and I have emergency savings, some equity in our home, and some retirement savings, although we aren't where I'd like us to be with the latter at this point in our careers.
If @Raising Heel, @UNC '92, or @Grayhead would like to contribute to the JuleZ Sailboat Fund I will send you my PayPal info. For donors in the four-figure range and upward I will take you sailing.
I am probably somewhat in the middle. The first few years out of college I'd have been in the negative, but now my wife and I have emergency savings, some equity in our home, and some retirement savings, although we aren't where I'd like us to be with the latter at this point in our careers.
If @Raising Heel, @UNC '92, or @Grayhead would like to contribute to the JuleZ Sailboat Fund I will send you my PayPal info. For donors in the four-figure range and upward I will take you sailing.
You can also get internet in prison.
Seems like a candidate for narrowing the budget gap.
Take all the cash you've earned from giving out handsies, and subtract the debt owed to Tinder for special privileges.... boom - you're set.
Do not care OP. You opened the door for me to rustle 00-71 again on this issue and will not pass up.
Lou likes to brag about how much money he makes.
Although if I swindled old people for a living and lived in Florida, I would drive a Mercedes too.
I don't know what my net worth is, but I have one of those toasters that toasts four slices of bread at once, so that's kind of cool.
What's he do for work? Please tell me its like an insurance salesman, or variable annuity salesman or something like that. Something where they can claim to be a "planner" but actually don't have fiduciary duty to their clients.
Have a boat of my own that eats up cash flowI couldn't begin to guess. Obviously it skews way upward if you include infrequent OOTB posters like HeelFan58 who are clearly in another league from us poors.
I am probably somewhat in the middle. The first few years out of college I'd have been in the negative, but now my wife and I have emergency savings, some equity in our home, and some retirement savings, although we aren't where I'd like us to be with the latter at this point in our careers.
If @Raising Heel, @UNC '92, or @Grayhead would like to contribute to the JuleZ Sailboat Fund I will send you my PayPal info. For donors in the four-figure range and upward I will take you sailing.
I teach wood shop. We also have welding, auto and drafting.
What's the required contribution to have a boat named after me?
A wise man (my dad) once told me "It's not how much you make, it's how much you keep".
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