Net Worth: How do you stack up?
Posted on | October 10, 2008 |
I stumbled onto this ultra-simple net worth comparison tool a few days ago.
It’s ultra-simple because it only compares two factors: your age and your income.
The good news is my net worth is 42x greater than the median for my age.
The bad news is my net worth is 22% less than the median for my income.
There’s always the danger of delusion when comparing your finances to those of other people. It can lead you to make false comparisons. Still, I think I’m doing pretty well considering we’ve been living on a single income for 5 years. I suppose maybe I should only use half my income for this comparison then?
Hmm… let’s see… Ah, that’s better. Now my net worth is 4x greater than the medium for my income. I’m not really sure that makes me feel much better though, I mean I may be “gaming the system” a bit here. And what if I’m not? What if the median net worth for my age and income really is that low!
Go ahead, try it yourself and see what you think.
NOTE: I’m not sure what year the data was taken for the comparisons. I suppose the figures represented are about 20% or more off after the recent pummeling in the markets…
- REVIEW: Stock Investing For Dummies, by Paul Mladjenovic.
- Beware Stock funds that aren't.
- 15 High stress, low pay jobs.
- Waiting on Buffet?
- Movie Scripts
- Is Net Worth Really The Best Measure Of Wealth?
- 1st Carnvial of Dividends & Passive Income
- Compare Net Worth with other Baby Boomers
Comments
Leave a Reply
Popular Posts
Featured Links
Need Help With your Debt?
Incredible DealsRecent Posts
Categories
Archives
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
Sponsors
Scan2Contacts
Search
Get Updates
by Email
Recent Comments
Tags
401(k) 529 savings plan Auto Insurance bailout Banking Bankruptcy blogging Building Wealth college savings Cramer Credit Credit Cards Credit score Debt debt settlement Economy Employment foreclosure getting out of debt How To Income Insurance Investing Life Insurance money Mortgage Rates Mortgages news Opinion Rant Real Estate Recession Retirement Review Reviews Saving Saving Money Savings Scam spending Sponsored Stock Market Stocks Taxes TipsContact
Blogroll
Blog Catalog Visitors
Disclaimer
Unique visits since 2008:
