2012 Year End Net Worth Poll

[Deleted]

I know these ranges are random but I don't like polls with too many options.

[Deleted]

My husband and I sqeak under $50k. Both 26 and we rent. Last year we took a hit on a house that we sold to move. We'd be in a better position if that hadn't happened.

[Deleted]

I just looked at the spreadsheet last week and knew the number but now I forget so I guessed what I thought it was. It's finally positive which is a relatively new thing.

[countthestars]

We're in a funny place because we are mid construction loan. We're currently around ~$150k.

[Deleted]

Poof!

Thanks Sallie Mae and the housing market.

ETA: now that I can see the poll on the computer, we're actually doing ok? We are in the black, but just hindered by loss of value in our house and my massive SLs.

[bunch]

Since I'm not going to post my totally laughable budget (hint - Peggy brings home way more than we do) I will share that our net worth continues to hover around 250k. Thanks for paying for college, granddad.

[MixedBerryJam]

Talking about this stuff is about the only time I don't mind being among the, if not the, oldest. Hello, marvelous little paid-for-house and years-worth of a fully funded retirement account!

[HoneySpider]

Still negative...but less negative than last year!

[Deleted]

Dec 19, 2012 17:46:03 GMT -5 MixedBerryJam said:

Talking about this stuff is about the only time I don't mind being among the, if not the, oldest. Hello, marvelous little paid-for-house and years-worth of a fully funded retirement account!

:Y:

[kadams767]

About $250k, mostly thanks to living in a housing market that didn't crash.

[h]

Roughly 15% millionaires. Impressive!

[Deleted]

We are at 1.6. Since I was one of the people who said they were interested in #s Income varies too much for me to do a budget post.

[Deleted]

Nothing out of the ordinary. A couple decent bonuses and a small equity grant. Definitely no inheritances here! We both grew up at the lower end of middle class and had to take loans out for school. DH works in finance and I SAH with the kids now. Prior to that I worked as a teacher.

We do make a point of living below our means though. We try hard to live on DH's base and to not count on the bonuses (which are not guaranteed and can vary A LOT). For example, we decided to buy a $250k house and renovate rather than build or buy a newer but more expensive house. Not that there's anything wrong with that if you're into that kind of thing but we couldn't stomach the thought of paying $20k + in property taxes every year. We are way to cheap, lol.

[Deleted]

Dec 19, 2012 18:40:18 GMT -5 @msstarry said:

I think around $425k. Hopefully we can go up a category next year!

I've seen you post your budget before. You and your H do a really good job with saving. :Y:

[kershnic]

This board is making me feel sad for myself lately. Boo.

[Susie]

Only one < $0 option? wtf!

I've been busting my ass this year! No acknowledgement of progress until it breaks $0?

According to Mint we peaked 4 days ago at $-99,698.20. UNDER -$100K FOR THE FIRST TIME EVER!

This time last year it was -$189,269.

[Deleted]

Dec 20, 2012 8:51:20 GMT -5 Susie said:

Only one < $0 option? wtf!

I've been busting my ass this year! No acknowledgement of progress until it breaks $0?

According to Mint we peaked 4 days ago at $-99,698.20. UNDER -$100K FOR THE FIRST TIME EVER!

This time last year it was -$189,269.

That's awesome progress for a year!

[Deleted]

Dec 20, 2012 8:46:25 GMT -5 RockNVoll said:

Thanks, violets. What state do you live in? Just trying to get context for what a $250K house means in your area You guys have clearly done a great job of living well below your means--congratulations!

Thanks. We are in upstate NY. From what I've seen on here, I think the issue is that our county has relatively high school taxes (they are 5k + alone for our house). The county typically bases your assessment on the last purchase price of the home. The rate is around 4%. But the pro is that housing is really reasonable here. You can buy a beautiful 5-6k sq. ft. house for 500k-1mil.

[fuddyduddy]

My divorce has moved me down a bracket.

[Susie]

Dec 20, 2012 8:57:18 GMT -5 @msstarry said:

Dec 20, 2012 8:52:17 GMT -5 v said:

That's awesome progress for a year!

agreed! If your net worth keeps going up 100k a year I think you are going to be living large very soon

aw thanks guys Sometimes it feels like we will never get there. We had a really hard start the first few years, and are just really getting going on progress.

I think right around the time we'd be starting to live large, we plan to have kids - so there it'll go. But at least we'll be able to afford them!

[karinothing]

I am pretty sure that until my SLs are paid off we will be in the negatives. I voted wrong though because apparently I was way off. Our networth is -42K

[mellymel]

Horrible housing market has us at a much lower net worth than we'd like, thanks to taking huge losses on 2 of our properties in the last few years. Oh well, we just keep plugging away.

[otowngirl]

We're in the black for the first time. :-)

[gt7301b]

Poof

[whitepicketfence]

Without looking up the exact numbers, we're somewhere between $75-100K.

ETA: I was curious so I did look it up. We're at ~110K.

[Deleted]

Y'all are impressive! I'm with SD in the <0 category. I don't actually know exactly what our net worth is, but I'm guessing it's just a little better than -$100K (thanks to H's loan repayment grant, thank you NIH!!)

ETA: A very rough calculation gave me -$88K. I don't know for sure because (a) H handles his SL stuff and (b) I don't know what our house is worth.

[Deleted]

Dec 20, 2012 8:51:20 GMT -5 Susie said:

Only one < $0 option? wtf!

I've been busting my ass this year! No acknowledgement of progress until it breaks $0?

According to Mint we peaked 4 days ago at $-99,698.20. UNDER -$100K FOR THE FIRST TIME EVER!

This time last year it was -$189,269.

I'm sorry I didn't have more negative categories! lol

That is freaking awesome though. Go you!

[AAM2012]

We are around 250k which is almost 100k more than last year thanks to a large portion of our money going into our 401k.

[ladygrey]

Ours is much better than last year. Getting married and paying off all our SL debt really helped!

[Deleted]

We're about +100k.