Personal Finance

What is your net worth?

  • Last Updated:
  • Jan 29th, 2018 2:36 pm
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Poll: What is your net worth?

  • Total votes: 307. You have voted on this poll.
$0 - $50,000
 
40
13%
$50,001 - $100,000
 
22
7%
$100,001 - $200,000
 
39
13%
$200,001 - $300,000
 
25
8%
$300,001 - $500,000
 
42
14%
$500,001 - $750,000
 
30
10%
$750,001 - $1,000,000
 
25
8%
$1,000,000 - $1,500,000
 
29
9%
$2,000,000 - $3,000,000
 
15
5%
$3,000,001 +
 
40
13%
Deal Addict
User avatar
Apr 23, 2009
1035 posts
204 upvotes
coolintheshade wrote:
Nov 13th, 2017 5:43 pm
What other forum can you think of where everyone make six figures, and has millions stashed under their mattress? :lol:
greaterfool.ca
Deal Fanatic
User avatar
Jun 11, 2001
7853 posts
377 upvotes
HAHA, I have no idea what the avg household income is. Even though we have 7 figure networth I say we are far from "wealthly". We save well and live below our salary level, but honestly i don't feel like i'm missing out on anything. Hell I'm still using a Samsung S3 which I got for free... yet I see new grads coming in with $700 iphones making $35k/yr... yes they probably just spent 25% of their networth on a phone.

It is funny but this site I started out only viewing hot deals area yrs ago, but these days i'm usually always going into the Finance/Investing sub-forums first.

Those serious about building their networth and reaching financial independence early should head over to MMM forums. Pretty insane what some of the forums members savings rates are, some are a bit too "extreme" for my taste but it does give you ideas.
MayorOfToronto wrote:
Nov 13th, 2017 5:03 pm
87% of RFD earns an above average wage

WOW! I had no idea only the wealthy of the Canada congregate here on this bargains and deals website.
...zzz...zzz...zzz...

www.heatware.com
Deal Fanatic
May 31, 2007
5000 posts
2095 upvotes
I figured out what contributed to networth and thought this was fun:

39% was savings
33.5% was gains from stock market
27.5% was gains from RE

Stock market gains are slowly eclipsing savings rate and have outperformed RE on an annual % basis.
Sr. Member
Mar 9, 2008
739 posts
85 upvotes
Winnipeg
30 years old
700k net worth mostly all in cash
Penalty Box
User avatar
Jul 11, 2008
4368 posts
1465 upvotes
Away from RFD idiots
Redsanta wrote:
Nov 12th, 2017 6:36 pm
Only 21,679 btc...
are you joking or is this a serious post?

21649 bitcoin is worth over 9 figures in usd.
Delete account because there are way too many idiots on rfd
Deal Addict
Jun 6, 2013
2471 posts
1932 upvotes
mathiewannabe wrote:
Nov 15th, 2017 12:45 am
are you joking or is this a serious post?

21649 bitcoin is worth over 9 figures in usd.
he meant dollar.
Bitcoin will crash hard.
Deal Addict
User avatar
Dec 4, 2007
2524 posts
508 upvotes
Quebec
I did my calculations and the answer is -865 579$
Deal Fanatic
Jan 15, 2006
8860 posts
2983 upvotes
Richmond Hill
mastercool wrote:
Nov 14th, 2017 11:38 pm
30 years old
700k net worth mostly all in cash
I hope not, if so what a waste just sitting in a bank account.
Jr. Member
Jan 4, 2017
186 posts
58 upvotes
I'll just say this, I'm near the bottom of the pile compared to RFDers if your poll results are to be believed. Although I'm not proud of ending up here this late in life, surprisingly my situation now is still quite favorable compared to most people I know actually! I can't believe how many people (not just young people) live on the brink of financial ruin, and seem to think that's perfectly fine, continue going on that way with no plan at all.

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