POLL: Networth vs Income

[Deleted]

How much is your networth [N] compared to your gross income ?

[h]

Right around 3x.

[bunch]

3.5x.

[theintended]

3x

[Deleted]

I'm not sure I can figure out all those symbols so I'll just say it's 1/3 or a little less.

ETA. I'm adding a caveat because I feel lame. Our income significantly increased 6 months ago.

[monarch]

exactly 5. So close to being able to post in the highest category!

[fuddyduddy]

7.5x

[Deleted]

Net worth is less than 1.5 times income because our income has significantly increased in the last several years.

[Deleted]

Dec 19, 2012 20:18:57 GMT -5 @notquiteblushing said:

I'm not sure I can figure out all those symbols so I'll just say it's 1/3 or a little less.

Vote for the 3rd one: 0.25xI < N <= 0.5xI

[Deleted]

I can't figure out this poll.

But its much less than our income.

[monarch]

Dec 19, 2012 20:26:04 GMT -5 @vicmo said:

Dec 19, 2012 20:21:26 GMT -5 @missy1 said:

Net worth is less than 1.5 times income because our income has significantly increased in the last several years.

Ditto. That, and I like to think that we're young and will catch up. I'm going to keep telling myself that, haha.

We're the opposite. I am a SAHM so our income went way down. Hence our ratio went up.

[ladybrettashley]

About 2/3 of our income. I voted for the fourth one; I hope that was the right one.

[adlove]

Right around 2.25x

[Deleted]

Dec 19, 2012 20:24:12 GMT -5 @iheartcosmos said:

I can't figure out this poll.

But its much less than our income.

Should I have used fractions? The first 5 choices are:

-Networth is less than 0

-Networth is 0 to 1/4 of income

-Networth is 1/4 to 1/2 of income

-Networth is 1/2 to 3/4 of income

-Networth is 3/4 to 1x of income

[Deleted]

Dec 19, 2012 20:30:33 GMT -5 @88mangoes said:

Out of curiosity, does anyone know the formula for what it's supposed to be? I think the break-even age is 27.

I never heard of one. The only one I've heard is the retirement savings vs income.

[cjeanette]

I don't want to talk about it

Sent from my SPH-L710 using proboards

[h]

Dec 19, 2012 20:19:32 GMT -5 fuddyduddy said:

7.5x

Wow

[fuddyduddy]

Dec 19, 2012 20:40:24 GMT -5 h said:

Dec 19, 2012 20:19:32 GMT -5 fuddyduddy said:

7.5x

Wow

It's not as impressive as it sounds. My income is fairly low now that I am a student and only working part time.

[pamela]

1.5x household

[jaybird]

The alligator eats the bigger number!

[M]

About 4 times income just off the top of my head. We've only really been saving for 4 years and our income grows significantly every year.

ETA: 4 times my income. 2 times household.

[RandZB]

I don't math good.

[sillygoosegirl]

Less than 2x. I would have thought it was higher, considering we've always saved more than half our take home pay, but I keep forgetting how much our income has gone up lately. I guess I don't have anything to complain about...

[5thofjuly]

Ours sucks. At 33 we have saved and invested about one year's salary. Graduate school took a big chunk out of our 20s investing power.

[Deleted]

I find the results surprising. I was expecting more votes on the first 5 options. Why? Because of all the talks on negative networth, not meeting the X retirement savings by age Y, and huge SLs. That's why I stopped at networth more than 5x income.

Glad to see more votes on the last options though.

Dec 19, 2012 22:26:48 GMT -5 kooshball said:

household?

Yes.

Dec 20, 2012 8:21:13 GMT -5 @msstarry said:

lol I expected to do better on this poll. Now I'm bummed.

I was hoping some who were bummed with the other polls would feel great with this poll. :-)