Personal Finance

What is your net worth?

  • Last Updated:
  • Nov 16th, 2017 2:19 am
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Poll: What is your net worth?

  • Total votes: 285. You have voted on this poll.
$0 - $50,000
 
39
14%
$50,001 - $100,000
 
21
7%
$100,001 - $200,000
 
35
12%
$200,001 - $300,000
 
22
8%
$300,001 - $500,000
 
40
14%
$500,001 - $750,000
 
29
10%
$750,001 - $1,000,000
 
24
8%
$1,000,000 - $1,500,000
 
24
8%
$2,000,000 - $3,000,000
 
15
5%
$3,000,001 +
 
36
13%
Sr. Member
User avatar
Apr 23, 2009
792 posts
119 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
7756 posts
347 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 Addict
May 31, 2007
4296 posts
1438 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
Deal Addict
Jul 11, 2008
4100 posts
1344 upvotes
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.
Deal Addict
Jun 6, 2013
2079 posts
1473 upvotes
Toronto
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.
It's always good to be underestimated.---Donald Trump

I never downvote anyone and I try to help everyone.
Deal Addict
User avatar
Dec 4, 2007
2465 posts
459 upvotes
Quebec
I did my calculations and the answer is -865 579$

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