Author Topic: Net Worth Scorecard  (Read 8542 times)

dude

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Net Worth Scorecard
« on: May 20, 2015, 07:03:30 AM »
I shared this in another thread, but figured it merited its own.  This is Scott Burns' "Wealth Scoreboard," derived from Survey of Consumer Finances conducted every 3 years. You can see how your household compares to others by age group:

http://assetbuilder.com/scott_burns/chasing_the_big_dogs

big_slacker

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Re: Net Worth Scorecard
« Reply #1 on: May 20, 2015, 10:57:47 AM »
I'm happy to see I'm in the 'average' section considering I started from negative a little over 3 years ago. :)

Pooperman

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Re: Net Worth Scorecard
« Reply #2 on: May 20, 2015, 11:26:41 AM »
In the top 25%, will hit top 10% around the end of next year.

There are some people with stupid amounts of money for income that have no money, and there are people with almost no income that have saved quite a bit. Net worth by age by income is kinda what I'm interested in taking a look at.

begood

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Re: Net Worth Scorecard
« Reply #3 on: May 20, 2015, 11:33:45 AM »
In the top 25%, will hit top 10% around the end of next year.

There are some people with stupid amounts of money for income that have no money, and there are people with almost no income that have saved quite a bit. Net worth by age by income is kinda what I'm interested in taking a look at.
As one of those with the lower income but higher savings, I appreciated the "net worth" aspect. I had only seen "income" as the criteria before.

Also, since I am 50 and my husband is 49, we are in two different brackets: He's in the 5% and I'm in the 10%. In July, though, he'll drop back down to hang with me. :)
« Last Edit: May 20, 2015, 05:31:00 PM by begood »

sunday

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Re: Net Worth Scorecard
« Reply #4 on: May 20, 2015, 01:34:42 PM »
Top 5% for our age range but not quite top 1% yet. Hopefully we'll be there in a few years.

NICE!

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Re: Net Worth Scorecard
« Reply #5 on: May 20, 2015, 01:50:03 PM »
Top 25%, should be Top 10% in 1-1.5 years. Will probably be Top 5% another few years after that.

Mr. Green

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Re: Net Worth Scorecard
« Reply #6 on: May 20, 2015, 02:28:32 PM »
I'm guessing most people here not in the 20-29 bracket are planning on popping the 'chute before they hit the 1% level. I definitely don't see myself hanging on 'til I reach $2.5 million. What would I do with $100,000 a year when I only spend $50,000 now and that includes mortgages on two houses and a car payment. I could retire my whole immediate family on that kind of money.

Chuck

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Re: Net Worth Scorecard
« Reply #7 on: May 20, 2015, 02:36:37 PM »
26. 125k NW as of this morning.

Top 10%. Will be top 5% by the end of this year with a little luck.

I don't think I am going to be top 1% by the time I am 29 though, unless equity and housing markets both go bananas. It'll be close though...
« Last Edit: May 20, 2015, 02:39:16 PM by Chuck »

Retired To Win

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Re: Net Worth Scorecard
« Reply #8 on: May 20, 2015, 03:00:36 PM »
The only comparison that would have any meaning to me would be a comparison between where I was at present and where I wanted to get to... and how long it would take me to get there.

Why compare myself to anyone else?

Davids

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Re: Net Worth Scorecard
« Reply #9 on: May 20, 2015, 03:00:41 PM »
In the top 5% right now (literally at that number they have) for my 30-39 age group and I am only 33. When I hit 40 I should hopefully be in that top 5% number.

Chuck

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Re: Net Worth Scorecard
« Reply #10 on: May 22, 2015, 10:44:54 AM »
The only comparison that would have any meaning to me would be a comparison between where I was at present and where I wanted to get to... and how long it would take me to get there.

Why compare myself to anyone else?
Because there are few motivators more potent than competition.

NICE!

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Re: Net Worth Scorecard
« Reply #11 on: May 22, 2015, 11:12:44 AM »
Because there are few motivators more potent than competition.

Bingo. Only being in the Top 25% while professing to be a Mustachian jars me and gets my competitive juices flowing. I want to "beat" the others and get to Top 10% or even Top 5%.

Now of course that is silly, particularly because I am on the very low end of my age bracket. It doesn't mean I don't want to compete, though.

aspiringnomad

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Re: Net Worth Scorecard
« Reply #12 on: May 22, 2015, 01:39:32 PM »
[snip]
« Last Edit: August 24, 2015, 08:24:33 PM by dcmustachio »

sleepyguy

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Re: Net Worth Scorecard
« Reply #13 on: May 22, 2015, 03:06:37 PM »
Not bad, top 5%.

FIreDrill

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Re: Net Worth Scorecard
« Reply #14 on: May 22, 2015, 03:16:48 PM »
Top 10% currently.  We should break into the top 5% in the next 12 months.

Tabaxus

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Re: Net Worth Scorecard
« Reply #15 on: May 22, 2015, 03:27:00 PM »
Top 10% currently.  We should break into the top 5% in the next 12 months.

I am surprisingly low, somewhere between 10% and 25%.  I just clicked into the 30 group, though, in a single-income dual-person situation and was at -$160k 4 years ago, so I guess not awful.

dandarc

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Re: Net Worth Scorecard
« Reply #16 on: May 22, 2015, 03:45:40 PM »
Says household so 32/34 and we're just above the 10% number.

So doing ok!

SMCx3

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Re: Net Worth Scorecard
« Reply #17 on: May 22, 2015, 04:41:22 PM »
Almost top 5%. Interesting looking at the numbers.

Bateaux

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Re: Net Worth Scorecard
« Reply #18 on: May 23, 2015, 08:09:27 AM »
Top 5% for now.  If we pass 50 years old it gets tough to stay in the top 5%. 

socalteacher

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Re: Net Worth Scorecard
« Reply #19 on: May 23, 2015, 11:11:30 AM »
Cool link. Right at top 10% and still have 5 years left in that age group. 

Money Badger

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Re: Net Worth Scorecard
« Reply #20 on: May 23, 2015, 12:46:02 PM »
Hard to understand how the numbers are so low in the richest country in the world and given soooo many flash houses and cars we all see every day that consume hundreds of thousands...   The banks win and individuals with big incomes implode from stress over cash flow problems eventually...

Am in top 10% of 40-49 and closing on top 5% in 2 years... the savings, annual passive income and gains trend I track is right on track to beat it.    It's like watching the Munsters and Gomez Adams and his crashing locomotives... it will happen dramatically and it's dramatic fun to watch!

 

Wow, a phone plan for fifteen bucks!