2016 US Household Total Net Worth (by Age and Percentile)
- Thread starter stoney
- Start date
can you actually enjoy a career enough to say you´d prefer a day in the office over staying in bed late, playing with your kids, or riding your bike until sunset?
This is kinda what it comes down to... I complain about my job a lot, but it really isn't all *that* bad. But there are still 1,329 OTHER things I would much rather be doing, given the opportunity.
For the most part I enjoy mine, It's not horrible but it certainly has it's moments. I hit the lotto tomorrow though I'm still gone like a fart in the wind.
From the Millenials: "Nevertheless, 60% of them aren’t all that worried, since they plan to be wealthy within one to 10 years."
I'm apparently just "comfortable"...
millennials must be pretty strong to pull themselves up from their bootstraps.From the Millenials: "Nevertheless, 60% of them aren’t all that worried, since they plan to be wealthy within one to 10 years."
I'm apparently just "comfortable"...
or maybe the artisanal skills they're cultivating will come in handy when society collapses and things go all mad max. quite the gamble though.
Millenial glass-blowers?
At 5% it'll take me about 12 years at my current rate (by a very crude approximation) to be "wealthy" by those standards, ignoring appreciation on my home.From the Millenials: "Nevertheless, 60% of them aren’t all that worried, since they plan to be wealthy within one to 10 years."
I'm apparently just "comfortable"...
But yes, your underlying point that the vast majority of
dog-hair knitting? flip-flop repair? toy-ukelele tuner?
I wouldnt consider myself wealthy, until I can sleep until noon, pick up my kids from school in a bicyle and ride my bike every summer sunset.
A 36yo no-income, no-job friend of mine has received an inheritance advance (Dad gave up on him, pretty much and gave him like $1.2mill); bought a nice appartment with $250k, bought some toys/car/stuff for $80k... and now lives on interest from a trust. Now he bikes on weekdays, tinder-dates every day and has all the time in the world to travel and shit.
Thats wealthy on my book.
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The flip side of it is that what the uneducated masses consider "wealthy" I don't. This is both for the "not fuck you money" aspect of it implied by people walking away and just fishing all day, and because by the 4% rule $2.4 mm won't get me the level of safe continued income that I want.GODDAMMIT MODS!! GIVE US OUR MONOCLE SMILEY NOW!!
Insert stoney quote about once someone becomes accustomed to a certain level of comforts, etc.
:monocle:
Therefore I shall not be retiring in 12 years by any means.
after some recent life events that are as of yet resolved, my wife and i are looking *very* seriously at some major lifestyle/career alterations.
Would such a settlement be coming from their insurer? Because if not collecting may be the toughest part.
it's more that we're just questioning.... is this how we want to spend the next ~30 years of our lives? chasing careers with increasingly lowered security and more responsibilities?They gon' settle, ain't they?
Is this the sum of all savings/retirements/529s/equity?
either I'm doing really well or the rest of country is fucked. I'm not sure which.
either I'm doing really well or the rest of country is fucked. I'm not sure which.
i think the bar for being "fucked" keeps getting lower and lower.
Wealth is not money.Fuck responsibility. That shit sucks.
Money is only a type of wealth, the "easiest" one.
I interpreted it is as net worth, inclusive of those things but also the all-important debt.
Yup - include your house value as well.
Subtract all outstanding debts.
Net Worth unlocked.