What Your Net Worth Should Be - GoFuckYourself.com

xanx · 12-16-2007, 12:46 AM

Quote:

According to Thomas J. Stanley, author of "The Millionaire Mind" and "The Millionaire Next Door," a good way to determine what your net worth should be is to multiply your age by your annual income (all sources) and then divide by 10. So, for example, if you are 30 years old and earn $50,000 a year, you should have a net worth of $150,000. If you are 40 years old and earn $100,000 a year, you should have a net worth of $400,000.

ok, so who's meeting or exceeding their expected net worth

woj · 12-16-2007, 01:29 AM

this doesn't really work very well for young people, lets say you are 18 and just started making 200k/year, you are expected to have net worth of 360k?

After Shock Media · 12-16-2007, 01:32 AM

Quote:

Originally Posted by woj

this doesn't really work very well for young people, lets say you are 18 and just started making 200k/year, you are expected to have net worth of 360k?

If you are 18 and started making 200k you are well ahead of the game anyways and you are just in a position of bad choices and possibly loosing money.

L-Pink · 12-16-2007, 02:09 AM

Good formula for underachievers.

12-16-2007, 01:29 AM	#2
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	this doesn't really work very well for young people, lets say you are 18 and just started making 200k/year, you are expected to have net worth of 360k? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

12-16-2007, 02:09 AM	#4
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Good formula for underachievers.