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EugeneJ posted:Why is the Net Worth not calculated for like 90% of the survey-takers My guess is null/zero values for various asset/debt fields that weren't considered optional.
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Jan 23, 2015 02:49
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Lol at anyone who thinks SS is "assured income." That poo poo is a black hole edit: unless of course you are a grandpa goon
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Jan 23, 2015 02:57
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So who's the nerd living all alone in a $2.5m house? :v
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Jan 23, 2015 03:04
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dennyk posted:So who's the nerd living all alone in a $2.5m house? :v BFC Net Worth Survey/Sugar Daddy Dating Service
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Jan 23, 2015 03:07
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ntan1 posted:That BFC is a very self selecting group of financially savvy people who have a lot more money than an average American. I suddenly feel a lot better about the fact that most of my personal finance knowledge comes from BFC.
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Jan 23, 2015 03:35
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Jesus christ you people make a lot of money, like way more than me. I think I'm in the bottom 10% in this forum and I thought I was doing fine 
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Jan 23, 2015 04:03
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Veskit posted:Jesus christ you people make a lot of money, like way more than me. I think I'm in the bottom 10% in this forum and I thought I was doing fine Noooooooo. Only compare yourself with the average american
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Jan 23, 2015 04:17
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Yeah, I don't make that much but I'm proud of my savings/net worth.
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Jan 23, 2015 04:30
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slap me silly posted:Noooooooo. Only compare yourself with the average american If we're going to be handing out participation ribbons, why don't we compare ourselves against the average person on Earth?  Nah, just kidding. I'm in the bottom third of BFC so far in my mid-late 20s, but I know that's still great compared to the average American my age
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Jan 23, 2015 04:31
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Yeah, this is always a nice mindfuck: http://www.globalrichlist.com/ Uhhh, not necessarily a recommendation for their charity or whatever
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Jan 23, 2015 04:34
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Veskit posted:Jesus christ you people make a lot of money, like way more than me. I think I'm in the bottom 10% in this forum and I thought I was doing fine It's not apples to apples but living within your means on good savings margins levels a lot of that out. Being comfortable living and saving on <50k a year is noteworthy in itself. As income increases, 'quality of life' tends to as well unless people are pretty thrifty in general. I am sure many of the people with 6 figure incomes would have a tough time adjusting if their income dropped to that level even though families of 4 can make it work. It's all relative. I just try and focus on proportional income percentage levels. Granted costs like utilities/rent/food have effective minimums, but I just try to treat it like golf and make it a personal game. Based on the spreadsheet I am near the bottom position myself, and I am actually still really proud because I am paying attention and making positive gains compared to even a year ago. I feel lucky to have what I have and feel like my lifestyle is still pretty extravagant. Once I get some of these systems in better order I'll be set for life if I just keep steady. It's a big deal knowing that I can be debt free in about year, and from then on easily save 20%+ toward retirement from age 30 on. I'm married, already own a home with 19% equity too and we have no student loans so I am on cloud nine. Just gotta keep that birth control funded lol. To be honest, not using a credit card in a year and only going out once a week is a huge adjustment. Without that bad habit from early adulthood we would be so solid right now, and it's been corrected! We bought no Christmas or birthday gifts last year and stuck to it. The struggle is real and I feel good. root of all eval fucked around with this message at 04:45 on Jan 23, 2015 |
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Jan 23, 2015 04:40
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Yeah, using your money intentionally, however much you happen to have, kicks rear end.
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Jan 23, 2015 04:44
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BossRighteous posted:It's not apples to apples but living within your means on good savings margins levels a lot of that out. Being comfortable living and saving on <50k a year is noteworthy in itself. As income increases, 'quality of life' tends to as well unless people are pretty thrifty in general. I am sure many of the people with 6 figure incomes would have a tough time adjusting if their income dropped to that level even though families of 4 can make it work. It's all relative. http://www.advisorperspectives.com/dshort/commentaries/Happiness-Benchmark.php After a certain income level (probably related to "no consumer debt, have a home, have an emergency fund, saving for retirement, and can still afford to go out with friends and eat at restaurants"), salary increases stop correlating so strongly with happiness anyways. Also, to build on what BossRighteous is saying, even if their "quality of life" goes up, happiness actually doesn't to the same extent -- that's how you get people who are making $300k a year but still aren't happy. As long as you feel comfortable and happy, then you're doing great. Also, it's a self-selected survey even in BFC -- I'm sure the income spread of people who haven't put their information in doesn't match the spread of those who do. Colin Mockery fucked around with this message at 05:44 on Jan 23, 2015 |
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Jan 23, 2015 05:39
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slap me silly posted:Noooooooo. Only compare yourself with the average american IT"S HARD TO WHEN THE GOON PORN STAR MAKES MORE THAN YOU EVEN AFTER YOUR BONUS. BossRighteous posted:It's not apples to apples but living within your means on good savings margins levels a lot of that out. Being comfortable living and saving on <50k a year is noteworthy in itself. As income increases, 'quality of life' tends to as well unless people are pretty thrifty in general. I am sure many of the people with 6 figure incomes would have a tough time adjusting if their income dropped to that level even though families of 4 can make it work. It's all relative.  I can figure out how to live within my means (even when it was 15k a year) but jesus balls BFC makes bank. I feel like we're a stew of a community and I bring a pea to everyone's russet potatoes. Big money here WOW! For reference I am in the top 40th percentile for family income in my area as a single person.
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Jan 23, 2015 06:29
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Can you add the Pivot Table and Summary/Plot tabs from the Bogleheads survey?
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Jan 23, 2015 07:21
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Someone wrote CREAM in their comments section, but ever since that new Joey Bada$$ album I only hear it as "Cash Ruins Everything Around Me".  You know, I think this survey also validates the advise generously offered by goons who are pretty smart with their money (not that it needed validation). If you ask for help, and people are good enough to offer advice, maybe you should keep in mind the survey as evidence of BFC goons knowing what they're talking about, before you dismiss them (looking at you, SloMo).
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Jan 23, 2015 10:47
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I'm going to be offline for a few days... when I get back I'll work on the pivot table and missing net worth columns. Also by then we ought to have enough responses to make some kick rear end graphs and such. If you want to edit your earlier response just submit a new entry and annotate in the additional comments which row and timestamp you are replacing. Velochis fucked around with this message at 13:37 on Jan 23, 2015 |
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Jan 23, 2015 11:21
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zmcnulty posted:Lol at anyone who thinks SS is "assured income." That poo poo is a black hole It's not going away but they may raise the age or lower benefit amounts when the surplus is gone. If you think it is in debt/ likely to go away you don't understand how it works. That said it's kind of silly to assume a certain dollar amount right now. It's like throwing darts.
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Jan 23, 2015 13:46
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Median income BFC goon here: We can still get ahead/retire early decades ahead of the typical American but later than an equally committed high income bfc goon. edit: Also surprised at the number of goons with homes under 100k value/mortgage. Sephiroth_IRA fucked around with this message at 15:20 on Jan 23, 2015 |
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Jan 23, 2015 15:13
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Sephiroth_IRA posted:edit: Also surprised at the number of goons with homes under 100k value/mortgage. When we shopped we looked at 15years in the mid 150s range and came up pretty empty in Phoenix, bumped up to a 30year and settled in the low 200s. I felt the same way looking at the spreadsheet.
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Jan 23, 2015 16:58
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The worst part of BFC is coming here and seeing everyone touting index funds, then reading in The Four Pillars that you should generally be wary when everyone is following an investing trend. I mean, I know it's still sound advice, but I feel like I need to start associating with people that aren't as financially savvy to gain some perspective.
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Jan 23, 2015 17:02
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Not a Children posted:The worst part of BFC is coming here and seeing everyone touting index funds, then reading in The Four Pillars that you should generally be wary when everyone is following an investing trend. Have you heard about bitcoins good sir?
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Jan 23, 2015 17:06
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BossRighteous posted:When we shopped we looked at 15years in the mid 150s range and came up pretty empty in Phoenix, bumped up to a 30year and settled in the low 200s. I felt the same way looking at the spreadsheet. I felt the same in Denver. Buying anything under 250k that want a complete poo poo hole or located where no one who is same would want to live is impossible. Buying at the bottom was nice though. Prices here just get crazier and crazier.
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Jan 23, 2015 17:30
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Household income makes a big difference. If my wife didn't make as much as she does (and will likely make more as she earns her next degree) then I wouldn't have been able to take a lower-paying but much better job.
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Jan 23, 2015 18:27
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I did my info, aw yea draggin down the average net worth 
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Jan 23, 2015 19:15
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Veskit posted:Jesus christ you people make a lot of money, like way more than me. I think I'm in the bottom 10% in this forum and I thought I was doing fine It's all about the DINK's man. Have fun, have money, have toys, and have a shitload of savings.
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Jan 23, 2015 20:41
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Mr Money Mustache has an informative graphic about how kids are not economically sound decisions. Our DINK lifestyle is stymied by the incredible cat budget though.
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Jan 23, 2015 21:25
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Veskit posted:IT"S HARD TO WHEN THE GOON PORN STAR MAKES MORE THAN YOU EVEN AFTER YOUR BONUS. Do you think you work harder than a guy who has to keep his dick hard for over an hour?
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Jan 23, 2015 23:14
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TLG James posted:It's all about the DINK's man. Have fun, have money, have toys, and have a shitload of savings. I've done it all wrong, starting off as a SINK, then a SIOK.
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Jan 23, 2015 23:50
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I'm wondering how we have a $90k/year salary 33 year old lawyer from Finland with $3k/month guaranteed income, $695k in home equity, and a $1.5m portfolio. Excluding the guaranteed income, that's $200k/year since the age of 22 in increased wealth...
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Jan 24, 2015 05:38
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What, never heard of rich parents?
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Jan 24, 2015 05:48
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Inverse Icarus posted:Do you think you work harder than a guy who has to keep his dick hard for over an hour? How fast would I be in a sexual harassment lawsuit if I worked as hard as he did. Plus it could be a lady
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Jan 24, 2015 05:56
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spwrozek posted:I felt the same in Denver. Buying anything under 250k that want a complete poo poo hole or located where no one who is same would want to live is impossible. Come to Seattle, median house price in the actual city is $475,000 and in the county as a whole is $375,000. So excited to rent for the rest of my life!
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Jan 26, 2015 02:32
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Veskit posted:Jesus christ you people make a lot of money, like way more than me. I think I'm in the bottom 10% in this forum and I thought I was doing fine Yeh, I thought I would be on the upper end of the pay scale. I should go get a higher paying job (or get more money). Also I really doubt all those people with no CC debt and shouldn't our portfolios be larger? Foma fucked around with this message at 03:05 on Jan 26, 2015 |
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Jan 26, 2015 02:56
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Foma posted:Also I really doubt all those people with no CC debt and shouldn't our portfolios be larger? Someone drowning in CC debt probably wouldn't fill out the survey, and is probably more likely to be doing anything other than being a regular on a finance forum.
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Jan 26, 2015 03:36
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I didn't include my checking account or my CC debt in my assets/debts because they're always the exact same amount and net out to $0 every month.
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Jan 26, 2015 03:43
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spwrozek posted:I felt the same in Denver. Buying anything under 250k that want a complete poo poo hole or located where no one who is same would want to live is impossible. I went househunting with a some newlywed friends of mine today, around Broomfield/Westminster. They wanted to put in a full-price offer on a place, and their realtor didn't want to do the paperwork because the place already had several above-ask offers, in cash. Maybe this will continue and I can sell my house for delicious profits, and live in a tent in the mountains or something. Then I can have better numbers in the BFC net worth survey!
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Jan 26, 2015 04:16
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sklnd posted:I went househunting with a some newlywed friends of mine today, around Broomfield/Westminster. They wanted to put in a full-price offer on a place, and their realtor didn't want to do the paperwork because the place already had several above-ask offers, in cash. I have a place in Arvada (80th and wadsworth) and am really considering selling because I will make a killing. I want to move closer to town anyways. It is crazy out there for sure.
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Jan 26, 2015 05:13
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Jeez. I thought my house was average but it's one of the most expensive on there. I guess having all my friends in the Bay Area has warped my vision of real estate.
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Jan 26, 2015 06:10
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Comrade Flynn posted:Jeez. I thought my house was average but it's one of the most expensive on there. I guess having all my friends in the Bay Area has warped my vision of real estate. Yeah, it really should have a region locator on it. In the moldy Omaha area I live in, 600k would buy you an absolute mansion. http://www.zillow.com/homes/for_sal...12_zm/?view=map
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Jan 26, 2015 18:09
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