current net worth vs. liftime earnings
post ratio
current net worth : lifetime earnings from any work/poker/gambling pretax |
Re: current net worth vs. liftime earnings
1:6
i guess? really hard to esimate both and i'm 19, just moved out on my own, only started making real money during 2007 |
Re: current net worth vs. liftime earnings
prob like 1:2 but like 2 months ago it was more like 1:80
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Re: current net worth vs. liftime earnings
SCHOOLS FOR FOOLS LOOK AT ME
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Re: current net worth vs. liftime earnings
1.2:1
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Re: current net worth vs. liftime earnings
0:infiniti
I WAS BR0N RICH |
Re: current net worth vs. liftime earnings
1:1.04
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Re: current net worth vs. liftime earnings
1:1 [img]/images/graemlins/smile.gif[/img]
yay stocks paying living expenses [img]/images/graemlins/smile.gif[/img] |
Re: current net worth vs. liftime earnings
no idea
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Re: current net worth vs. liftime earnings
this thread is off to a swimming start
also, no idea |
Re: current net worth vs. liftime earnings
15:1
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Re: current net worth vs. liftime earnings
Do my car, TV, computer, furniture, etc. count as part of my net worth? If so then it's about 1:3, otherwise about 1:5.
Paying rent in the Bay Area sucks. |
Re: current net worth vs. liftime earnings
prob like 1:3 maybe 1:4
...tuition, rent, TAXES, ballin, etc. |
Re: current net worth vs. liftime earnings
2:1
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Re: current net worth vs. liftime earnings
7:1
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Re: current net worth vs. liftime earnings
1:2.5
taxes/lots of spending. yays. |
Re: current net worth vs. liftime earnings
-1:35 Or thereabouts.
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Re: current net worth vs. liftime earnings
1:god i hate my life
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Re: current net worth vs. liftime earnings
1:40
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Re: current net worth vs. liftime earnings
p.s. lol at people posting net worth > lifetime earnings
sure i bet half of you are joking but that leaves the other half |
Re: current net worth vs. liftime earnings
pretty damn close to 1:3
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Re: current net worth vs. liftime earnings
1:70
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Re: current net worth vs. liftime earnings
$200k:$300k [img]/images/graemlins/frown.gif[/img].
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Re: current net worth vs. liftime earnings
1:5
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Re: current net worth vs. liftime earnings
1:3
i could be way off, but that's what i'm going with |
Re: current net worth vs. liftime earnings
I think most of the estimates around 1:3 are WAY too low.
Not saying that any particular person's estimate is too low, just that in general I don't think many people on the forum are saving in excess of 10% of their gross income every year. Edit: I'll post some more later... |
Re: current net worth vs. liftime earnings
probably about 3:4. a week ago it probably would have been more like 4:5.
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Re: current net worth vs. liftime earnings
[ QUOTE ]
p.s. lol at people posting net worth > lifetime earnings sure i bet half of you are joking but that leaves the other half [/ QUOTE ] investments + increased realestate values. 2:1 |
Re: current net worth vs. liftime earnings
1:4.5
[censored] TAXES also i have a bad habit of trading in for a new BMW every 15 months |
Re: current net worth vs. liftime earnings
1:15 ish.
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Re: current net worth vs. liftime earnings
1:1,25
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Re: current net worth vs. liftime earnings
Let us take hypothetical two’er. Each year he receives a 10% raise, invests 10% of his gross income, and earns a 10% after-tax return on his investments. Our two’er is doing quite well.
After 5 years, this hypothetical two’er has a ratio of net worth to lifetime earnings of 1:8.3 . After ten years the ratio is 1:6.75. It is certainly possible to do better. Say you save 20% and earn returns of 12% after tax every year for 10 years (possible, but very difficult and improbable). After five years you will have a ratio of 1:4. Only after ten years do we reach the fabled ratio of 1:3. So there are a lot of overly optimistic posts in this thread, or else people are getting inheritances/trusts funds. |
Re: current net worth vs. liftime earnings
1:3
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Re: current net worth vs. liftime earnings
[ QUOTE ]
1:3 [/ QUOTE ] sweet, me too. |
Re: current net worth vs. liftime earnings
[ QUOTE ]
Let us take hypothetical two’er. Each year he receives a 10% raise, invests 10% of his gross income, and earns a 10% after-tax return on his investments. Our two’er is doing quite well. After 5 years, this hypothetical two’er has a ratio of net worth to lifetime earnings of 1:8.3 . After ten years the ratio is 1:6.75. It is certainly possible to do better. Say you save 20% and earn returns of 12% after tax every year for 10 years (possible, but very difficult and improbable). After five years you will have a ratio of 1:4. Only after ten years do we reach the fabled ratio of 1:3. So there are a lot of overly optimistic posts in this thread, or else people are getting inheritances/trusts funds. [/ QUOTE ] Why would someone automatically spend that much money? Just because you think its normal to save only 10-20% doesn't mean that it is for everyone. Honestly someone who plays a lot of poker and does very well, is completely out of their mind if they only save 10% of their winnings per year. |
Re: current net worth vs. liftime earnings
1:10 at least
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Re: current net worth vs. liftime earnings
Curtains,
Its just a hypothetical, although I think it is not an unreasonable one. I also gave a case with saving 20%. The national savings rate is usually below 5% (http://www.wisegeek.com/how-much-do-americans-save.htm). Perhaps poker players (or 2+2’ers) are a more thrifty subset of the population, but given the balla lifestyle posts that get made from time to time, I decided to err on the side of caution. [ QUOTE ] Honestly someone who plays a lot of poker and does very well, is completely out of their mind if they only save 10% of their winnings per year. [/ QUOTE ] But yet people who do very well earning money in a career struggle to save only 10% of their earnings. I agree with you – people should save more! But statistically and anecdotally Americans just don’t save much of their income. I’m not an expert on the subject by any means, if you have some more thoughts on it please share. |
Re: current net worth vs. liftime earnings
Ummmm i dont even want to think about it.
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Re: current net worth vs. liftime earnings
[ QUOTE ]
Curtains, Its just a hypothetical, although I think it is not an unreasonable one. I also gave a case with saving 20%. The national savings rate is usually below 5% (http://www.wisegeek.com/how-much-do-americans-save.htm). Perhaps poker players (or 2+2’ers) are a more thrifty subset of the population, but given the balla lifestyle posts that get made from time to time, I decided to err on the side of caution. [ QUOTE ] Honestly someone who plays a lot of poker and does very well, is completely out of their mind if they only save 10% of their winnings per year. [/ QUOTE ] But yet people who do very well earning money in a career struggle to save only 10% of their earnings. I agree with you – people should save more! But statistically and anecdotally Americans just don’t save much of their income. I’m not an expert on the subject by any means, if you have some more thoughts on it please share. [/ QUOTE ] the national savings rate is that low because most people in america are broke or in debt working [censored] jobs with relatively high expenses (like having a family) 2+2'ers on the other hand are mostly in their 20's with next to no expenses and many of us (especially the people who've answered this thread so far) are raking in tons of money from poker. |
Re: current net worth vs. liftime earnings
like 1:2,5
Hate thinking about it but I really ponder sometimes where all that money went. |
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