Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > 2+2 Communities > EDF
FAQ Community Calendar Today's Posts Search

View Poll Results: River Action?
Small Value Bet ($25-$40) 27 22.50%
Bet 1/2 Pot ($50) 40 33.33%
Bet 2/3 - 3/4 Pot ($65-$75) 18 15.00%
Shove 35 29.17%
Voters: 120. You may not vote on this poll

Reply
 
Thread Tools Display Modes
  #1  
Old 02-11-2007, 07:53 PM
Howard Treesong Howard Treesong is offline
Senior Member
 
Join Date: Oct 2004
Location: Theoretically Indeterminable
Posts: 997
Default Finances of 2+2ers

After the interesting debate about home ownership, let's see where assets stack up.
Reply With Quote
  #2  
Old 02-11-2007, 08:00 PM
Marwan Marwan is offline
Senior Member
 
Join Date: Aug 2005
Posts: 2,824
Default Re: Finances of 2+2ers

with net assets of 1M-5M, you guys still have to worry about Kids' college? [img]/images/graemlins/tongue.gif[/img]
Reply With Quote
  #3  
Old 02-11-2007, 08:08 PM
Howard Treesong Howard Treesong is offline
Senior Member
 
Join Date: Oct 2004
Location: Theoretically Indeterminable
Posts: 997
Default Re: Finances of 2+2ers

We're solid poker players around here, so assume we have smart kids that can get into good private schools. Taking my alma mater as an example, tuition and fees for 06/07 are north of $43K with no travel. That means the total college expenditure for two kids is about $350K. If I were worth $1MM, that'd 35% of my total assets out the door for college. Yeah, I'd sweat that -- I'd do it, of course, but I'd sweat it.
Reply With Quote
  #4  
Old 02-11-2007, 08:17 PM
Freakin Freakin is offline
Senior Member
 
Join Date: Sep 2004
Posts: 6,022
Default Re: Finances of 2+2ers

I'd like to see age tie into this.

24, between 6 and 7 figs. Most of my net worth right now is my home, unfortunately.
Reply With Quote
  #5  
Old 02-11-2007, 08:19 PM
Howard Treesong Howard Treesong is offline
Senior Member
 
Join Date: Oct 2004
Location: Theoretically Indeterminable
Posts: 997
Default Re: Finances of 2+2ers

43, Robusto.
Reply With Quote
  #6  
Old 02-11-2007, 08:23 PM
iron81 iron81 is offline
Senior Member
 
Join Date: Sep 2005
Location: Resident Donk
Posts: 6,806
Default Re: Finances of 2+2ers

I'm pleasantly surprised that Howard reads BBV.

25, bubbling.
Reply With Quote
  #7  
Old 02-11-2007, 08:41 PM
Paluka Paluka is offline
Senior Member
 
Join Date: Jan 2003
Location: New York
Posts: 5,114
Default Re: Finances of 2+2ers

The 100k to 1 million range is absurdly wide. If you take a 35 year old with 150k in assets his lifestyle is nothing like a 35 year old with 900k in assets. Same with the difference between $1 million and $5 million.
Reply With Quote
  #8  
Old 02-11-2007, 08:50 PM
chopstick chopstick is offline
Senior Member
 
Join Date: Mar 2005
Location: the dusty Winnemucca road
Posts: 782
Default Re: Finances of 2+2ers

[ QUOTE ]
The 100k to 1 million range is absurdly wide. If you take a 35 year old with 150k in assets his lifestyle is nothing like a 35 year old with 900k in assets. Same with the difference between $1 million and $5 million.

[/ QUOTE ]

Exactly what I was thinking. Those ranges should at least be broken into something like:

100k-300k
300k-600k
700k-1m
Reply With Quote
  #9  
Old 02-11-2007, 09:01 PM
Marwan Marwan is offline
Senior Member
 
Join Date: Aug 2005
Posts: 2,824
Default Re: Finances of 2+2ers

[ QUOTE ]
We're solid poker players around here, so assume we have smart kids that can get into good private schools. Taking my alma mater as an example, tuition and fees for 06/07 are north of $43K with no travel. That means the total college expenditure for two kids is about $350K. If I were worth $1MM, that'd 35% of my total assets out the door for college. Yeah, I'd sweat that -- I'd do it, of course, but I'd sweat it.

[/ QUOTE ]

ah, ya, I've got my Canadian mindset going where School isn't that expensive/not varied.. here is like $550 per course + books. so like 11K/year if residence and ~6K/year no rez.
Reply With Quote
  #10  
Old 02-11-2007, 09:04 PM
Howard Treesong Howard Treesong is offline
Senior Member
 
Join Date: Oct 2004
Location: Theoretically Indeterminable
Posts: 997
Default Re: Finances of 2+2ers

[ QUOTE ]
[ QUOTE ]
The 100k to 1 million range is absurdly wide. If you take a 35 year old with 150k in assets his lifestyle is nothing like a 35 year old with 900k in assets. Same with the difference between $1 million and $5 million.

[/ QUOTE ]

Exactly what I was thinking. Those ranges should at least be broken into something like:

100k-300k
300k-600k
700k-1m

[/ QUOTE ]

Agree, although the 1-5MM range has so few people in it that it's probably ok as is. Is there a way for me to go back and edit the poll to fix?
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 08:39 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.