Comments on: The Average Net Worth of Americans: Where Do You Stand? http://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/ Eliminate Debt, Enjoy Life Wed, 08 Feb 2012 06:34:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mikehttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-82352 Mike Sun, 05 Feb 2012 17:05:48 +0000 http://www.moneyrelationship.com/?p=941#comment-82352 Jared is an idiotic tool. Jared is an idiotic tool.

]]> By: waynehttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-82218 wayne Sun, 05 Feb 2012 10:38:19 +0000 http://www.moneyrelationship.com/?p=941#comment-82218 Actually the period can go either inside the quotation mark or outside. Actually the period can go either inside the quotation mark or outside.

]]> By: Billhttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-82129 Bill Sun, 05 Feb 2012 05:04:51 +0000 http://www.moneyrelationship.com/?p=941#comment-82129 The period goes outside the quotes. It should be: I think you mean "ever seen". The period goes outside the quotes.
It should be:
I think you mean “ever seen”.

]]> By: Zachhttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-81405 Zach Fri, 03 Feb 2012 17:18:01 +0000 http://www.moneyrelationship.com/?p=941#comment-81405 I think you mean "ever seen." I think you mean “ever seen.”

]]> By: Tomhttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-78789 Tom Sat, 28 Jan 2012 13:26:41 +0000 http://www.moneyrelationship.com/?p=941#comment-78789 That's what Donald said. That’s what Donald said.

]]> By: Tomhttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-78784 Tom Sat, 28 Jan 2012 13:21:37 +0000 http://www.moneyrelationship.com/?p=941#comment-78784 Depends entirely on your <b>lifestyle</b> . Depends entirely on your lifestyle .

]]> By: Samhttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-77814 Sam Wed, 25 Jan 2012 16:31:43 +0000 http://www.moneyrelationship.com/?p=941#comment-77814 41y/o. Not yet chosen to be married. I've lived frugally and smartly, getting what I need and want and not wasting a lot unnecesarily. My car is a 2004 SUV I paid off and kept. It's perfectly fine. I paid off my mortgage last year on a 3600 sq ft house. And I've got around $430,000 in investments and 401k with no other debt. So it can be done. I got nothing from my mommy and daddy except for a college education (Masters), which I really appeciate. It got me started in a good direction. Other than that, I used my brain, invested since starting to work, and didn't blow money on a lot of stupid stuff (just some stupid stuff). I'm now getting dividends on investments that amount to more than some people's work income. Since I have no debt, this goes right back in. And it's starting to accelerate nicely. The problem as I see it is that most people these days want everything now. They feel entitled to their share, whether they earn it or not. The housing bubble was caused by a lot of factors. But when it came down to it, lots of folks were after homes they couldn't afford. My first house at around age 23 was 960 sq. ft. My younger family members wouldn't think of living in something so beneath them. We live in a society that wants instant gratification and doesn't consider the long-term, generally speaking. 41y/o. Not yet chosen to be married. I’ve lived frugally and smartly, getting what I need and want and not wasting a lot unnecesarily. My car is a 2004 SUV I paid off and kept. It’s perfectly fine. I paid off my mortgage last year on a 3600 sq ft house. And I’ve got around $430,000 in investments and 401k with no other debt.

So it can be done. I got nothing from my mommy and daddy except for a college education (Masters), which I really appeciate. It got me started in a good direction. Other than that, I used my brain, invested since starting to work, and didn’t blow money on a lot of stupid stuff (just some stupid stuff). I’m now getting dividends on investments that amount to more than some people’s work income. Since I have no debt, this goes right back in. And it’s starting to accelerate nicely.

The problem as I see it is that most people these days want everything now. They feel entitled to their share, whether they earn it or not. The housing bubble was caused by a lot of factors. But when it came down to it, lots of folks were after homes they couldn’t afford. My first house at around age 23 was 960 sq. ft. My younger family members wouldn’t think of living in something so beneath them. We live in a society that wants instant gratification and doesn’t consider the long-term, generally speaking.

]]> By: Toddhttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-77193 Todd Mon, 23 Jan 2012 07:22:39 +0000 http://www.moneyrelationship.com/?p=941#comment-77193 enjoyed your entry! enjoyed your entry!

]]> By: BombDaBombahttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-77191 BombDaBomba Mon, 23 Jan 2012 07:10:50 +0000 http://www.moneyrelationship.com/?p=941#comment-77191 30 years old, engineering degree, MBA. 131k salary in a very demanding but rewarding job. Wife is 31, CRNA, 155k salary but now works PT 2-3 days/wk and makes around 110k, 2 kids under 2. Owe 395k on a house worth 525k @ 4%. 40k in student loans @6%. 108k in 401k, 70k in 403b, 35k in cash. Save 47k a year for retirement in 401k/403b (maxed out+ matches). Save 5k a year in 527 plans for each kid. Large term life policies for next 25 years, just in case. Old but reliable used cars. Cheap hobbies (except golf). Absolutely zero flash. I go to the grocery store in sweats with stubble on Sunday wearing an old ratty cap and people look at me like Im a degenerate hobo looking for some free food. I love it. Goal is to retire at 55 to a PT hobby job. My perspective is there are endless ways to reach any goal but you need a plan and you need to work hard every step of the way. 30 years old, engineering degree, MBA. 131k salary in a very demanding but rewarding job. Wife is 31, CRNA, 155k salary but now works PT 2-3 days/wk and makes around 110k, 2 kids under 2. Owe 395k on a house worth 525k @ 4%. 40k in student loans @6%. 108k in 401k, 70k in 403b, 35k in cash. Save 47k a year for retirement in 401k/403b (maxed out+ matches). Save 5k a year in 527 plans for each kid. Large term life policies for next 25 years, just in case. Old but reliable used cars. Cheap hobbies (except golf). Absolutely zero flash. I go to the grocery store in sweats with stubble on Sunday wearing an old ratty cap and people look at me like Im a degenerate hobo looking for some free food. I love it. Goal is to retire at 55 to a PT hobby job. My perspective is there are endless ways to reach any goal but you need a plan and you need to work hard every step of the way.

]]> By: jimmyhathttp://www.moneyrelationship.com/retirement/the-average-net-worth-of-americans-where-do-you-stand/#comment-75691 jimmyhat Thu, 19 Jan 2012 04:57:18 +0000 http://www.moneyrelationship.com/?p=941#comment-75691 Oh another thing - no cable, I buy $25 jeans at Target, my cellphone plan is $10 per month, and my monthly "entertainment" budget is about $300 max. Daughter in private school too. About half of net income goes to 401k and cash savings. Oh another thing – no cable, I buy $25 jeans at Target, my cellphone plan is $10 per month, and my monthly “entertainment” budget is about $300 max. Daughter in private school too. About half of net income goes to 401k and cash savings.

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