There would be a large number of business people in this category and property may not have played much part in wealth generation for them.
What is your networth per year of adulthood?
- Thread starter spludgey
- Start date
There would be a large number of business people in this category and property may not have played much part in wealth generation for them.
700k per year fine, but as an average since 18?
Yeah, it's a lot and an extraordinary result if true.
Would be good to hear their story, volunteer for an interview ?
Would be good to hear their story, volunteer for an interview ?
If you are out there mate, kudos to you!!
Maybe Nathan Birch popped by?
That'd "only" be:
$5mil by 25
$7mil by 28
$14mil by 38
Not a major stretch, really.
For the sake of comparison, there are folks who have generated around half a billion per year of adult life.
That'd "only" be:
$5mil by 25
$7mil by 28
$14mil by 38
Not a major stretch, really.
For the sake of comparison, there are folks who have generated around half a billion per year of adult life.
Woops, just hit the wrong option. Sorry Spludgey. I hit the one million one where I was suppose to be in the 100,000 to 150,000 bracket. Slight (major) brain freeze there.
Was nathan on 5mil by 25? net worth i meant?
No idea, but he's holding a portfolio around $30mil now and he's about 30.
I imagine with all the business income there's plenty of equity in that baby.
you can have 30mil porfolio, but this poll was about nett value?
there is a huge difference between owning 1% of 30mil compared to 10% of 30mil, this is the point that I was referring to earlier.
Yes, you can increase portfolio by 700k per year on average, but to nett 700k on average per year every year is a completly different story, no?
1 good year of growth for a 30 mil portfolio could increase your net by 5 mil.
That will cover 7 years of 700k/ annum increases.
Not that difficult once you get going.
Number just multiply bigger and bigger.
That will cover 7 years of 700k/ annum increases.
Not that difficult once you get going.
Number just multiply bigger and bigger.
I remember listening to his interview last week (when the thread was started about it it was linked) and he said he was under 50% LVR.
If the above is correct, and $30mil portfolio value is correct, the vote would be legit.
Not suggesting who did or didn't vote for what, but certainly, it's feasible to grow $1mil/year or more.
And Ace is bang on.
Not suggesting who did or didn't vote for what, but certainly, it's feasible to grow $1mil/year or more.
And Ace is bang on.
Why wouldn't you include your PPOR?
If you owned a 3.5 mil PPOR surely that counts a big chunk toward net worth.
Good annual rate of just under 400k anyway, or over with PPOR.
Hi Ace,
I don't include ppor because if I sell it I'm homeless
Perhaps others include it but my personal definition is not to include it. Its like having 5 IP and a six property is your ppor. Why don't you just say you have six? Because even your ppor is going up in value right? But I prefer to count net worth after you have a place to sleep.
I don't include ppor because if I sell it I'm homeless
Perhaps others include it but my personal definition is not to include it. Its like having 5 IP and a six property is your ppor. Why don't you just say you have six? Because even your ppor is going up in value right? But I prefer to count net worth after you have a place to sleep. 14k per year for me. really pretty happy with that so far. I know its only going to go up form here !
some people may also be doing net worth as a couple. which may give inflated values.
