Net Worth Survey

>>1536742
22
Student
$12.50/hr, part time
None
$4k in robinmeme
$14,000

>>1536742
>>Age
24
>>Job
Gobernment
>>Sallary
$54k
>>Debnts
~0
>>Assets
$55k
>>Net Worth
$55k

23
Helthcare Tech
$52,000
$20,000 ($45,000 one year ago)
~$1,000 leftover from when I invested in college. Pulling it out to help pay off loans
- $ 20,000

26
SEO
55k
130k (with mortgage)
175k
45k

28
Chemical Engineer
98k
0 debts, student loans paid off and renting
401(k), Roth and Traditional IRAs, mostly in index funds
About 300k if wife's assets are included

25
Programmer
6,000,000
None
6'3
/fit/
8" dick

35
investment management
$150,000
mortgage: $350,000
house: $525,000, retirement/savings/etc: $320,000
$495,000

>Age
27

>Job
Owner Op flatbed

>Sallary (salary*)
$210K GROSS last year took $45K salary

>Debnts
Debts? I have none unless you count my credit card, which I pay in full every month.

>Assets
My house (paid $135K for it and have put about $20K in renovations don't know current value)
2009 Freightliner Columbia with a Detroit pre emissions 12.7l
2015 Dodge Ram 2500 Cummins
2016 Lowe Bay 22 boat.
$14K in personal accounts
$57K in Vanguard account
$90K in business account

>Net Worth
Don't know I'm dumb

>>1536742
>34
>Business analytics
>$98k/year, with 5 years experience in position
>$100k or so, including mortgage and student loans
>$500k or so, including house, 401k, brokerage, etc
>Um, 500k-100k=400k

>>1536872
>Assets
>Counts boat and pickup
Those aren't assets. The Freightliner does, though.

>Age
22
>Job
Sales consultant at cell shop
>Sallary
22k
>Debnts
19.4k student loan
>Assets
18kish
>Net Worth
negative

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>>1536742
>24
>aerospace stress engineer
>$40/hr (~$80k)
>none
>~$40k in cash and investments, 2 bitcoin, a nice PC and some figs of my waifu and miku
>see above

>>1536882
Vehicles are depreciating assets, but still assets.

>my CPA who is very sexy btw

>>1536742
29
Energetic material processor
$16.20/hr
2k on care credit
Just my car. I rent an apartment
Pretty much 0.

24
Programmer
50,000
-$25,900
$15,300
Net worth: -$10,600

>>1536742
27
Accountant
58k (plus about 6k/yr in school reimbursement, 2 years left)
165k + 8k - (Mortgage / Student Loans)
~174k (home and car)
~185k (home, car, savings, 401k)

>>1536742
>Age
19
>Job
Student
>Sallary
$0.00
>Debnts
$0.00
>Assets
$5k ish
>Net Worth
$5k ish

>>1536941

You do realize that your home is an asset right? And the mortgage is the liability/debt?

>Age
26
>Job
Electrician
>Salary
$48k base, maybe $60k with overtime

>Debts
$2900 car

>Assets
$25k savings
$2000 other
>Net Worth
$24k

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>>1536742

Age: 36
Job: Goldman Sachs Finance in NYC
Salary: 115k/year + 10-15% bonus
Debt: ~96k student debt, 11k car
Assets: ~10k equity in house, ~15k piano, 20k in 401K, 8k in bank as of today (a bit inflated, it was just payday)
Net Worth: Negative 54k

34
Accountant
$89k
$9k
$53k
$44k

>>1537004
For all you know my savings & 401k could have 100k in it. But yea you right I calculated net worth completely wrong hahahahaha, forgive me I am high

>>1537004
No, it's not. Your home is a liability if it has any sort of loan against it (be it primary mortgage or HELOC) and should be treated as such. Treating houses like assets while money is still owed against theme is the kind of mindset that caused that crazy housing clusterfuck a few years ago.

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>>1536742
> Age: 23
> Job: med student
> Salary: N/A
> Debt: $200,000
> Assets: $3200
> Net Worth: -$196,800

But its worth it cuz everyone already treats me like I have piles of cash, right guise?

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>>1536742
>Age
21
>Job
importing/consulting/business man of 6 years
>Salary
I take home 23K on the nose per month after paying my primary employees(my mothers) and dealing with business logistics
>Debts
Z E R O forever.
>Assets
three properties for various purposes, only live in one, some gold and silver, firearms(mostly collecting, very rarely shoot guns at all other than my CCW once every couple of months just to stay sharp), rare guitars like a 1963 Gibson 335, three Fender Stratocasters from the 1950s, some old Martin acoustics... just shit I want that i won't lose money on, ever. I want to enjoy myself. I'll have more than enough for retirement and I know what I buy will never lose money, only increase in value.
>Net Worth
it's probably around $1.5M at this point.

>>1537043

No, you are absolutely wrong. The house is an asset that you can sell, the mortgage is a liability with which you purchased the asset.

Learn elementary accounting: Assets = Liabilities + Equity. When you buy a house your assets increase by the value of the house, your liabilities increase by the amount of the mortgage and your equity increases by the amount of your down payment. QED.

>>1537052

Post your guitars or cool story bro.

>>1536742
Is it wrong to count 401ks as net worth as there's an almost certainty tax will be paid on it? I understand selling other assets has fees and taxes, but is it genuine to call pretax savings net worth?

>>1537054
Then you would be operating at with negative net working capital bud. The liability of the mortgage will always be more than the value of the house (inc. property) as the mortgage is the net asset value of the house at the time of purchase with the addition of interest (which may or may not be adjusted throughout the term of the loan). For the majority of Americans, the home is more of a liability than an asset. I'm not saying this line of thinking is the absolute only way to think about your home, but I'm firm believer in the this being the smartest way to operate.

You seem like a lad that just finished some basic accounting courses at your local community college and now think you're any bit intelligent in the fields of finance and accounting.
>Protip: you aren't.

25

Financial Analyst

85.127

No Debt

Investments(35K~)Physical Assets(70K~)

120K

>>1536742
>19
>Law Clerk
>$20/hour
>$0
>$20k
>$20k

>>1536742
32

Project mgr

107k in low cost area

30k left on student debt, 32k on rental property, 106k on primary res, and a 20k loan

80k rental prop (more if you trust zillow), 180k pri res, ~60k 401k/ira, 30k cash, 25k brokerage/robo advisor

Simple math looks to be ~187k in the black

(Need more rentals/passive income for the early retirement win)

>>1537074

>The liability of the mortgage will always be more than the value of the house (inc. property)

This is just wrong. Asset value of the house may or may not rise and be greatly in excess of the liability, even with interest factored and cost of sale factored in.

Given that the debt will have interest, it is at purchase going to be a larger liability in time, but the fact that a liability has future cash flows does not change the fact that the house is a offsetting asset.

I get that you think homes should not be considered part of net worth, but they aren't nearly as rapidly depreciating an asset as things like vehicles. The fact that income properties, REITs, commercial property investments, etc even exist is even more proof that real estate has asset value and should not be completely dismissed as an asset.

>>1537074
It depends on the value of the asset. At the end of the day if your loan is 150k and you can sell the asset for 180k then you are net positive. If you're talking about taking out another loan on that equity thats a whole other conversation.

>>1537069
no that would not be net

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>>1537047
>> Debt: $200,000

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Holy fucking shit I suck at life, every time I look through a thread like this I'm reminded of that fact. All these people making 6 figures and having thousands in savings in their teens and early 20s. I have to go to reddit's r/assistance now or read some newspaper articles on how poor the average american is to feel better about myself. What the actual fuck.

>>1537043
>Your home is a liability
Stop being a fucking retard. The home is an asset; the mortgage is a liability.

This is accounting, not politics. Fuck off back to >>>/pol/ if you want to rant, Pajeet.

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>>Age
21
>>Job
retail merchandising/client representation
>>Salary
16 an hour + mileage and drive-time
>>Debnts
$20,000ish
>>Assets
my nana's old 2002 Kia spectra, and a laptop full of dank meme's
>>Net Worth
$2,200

AM I GONNA MAKE IT GOYS?

>>1537105
401k is included in net assets faggot

youre thinking of liquid assets u fuckin fuckdumb

>>1537120
>All these people making 6 figures and having thousands in savings in their teens and early 20s.
Friendly reminder that /biz/ should be named /roleplaying/.

There's not more than three well-off people that have ever posted in the history of the board. The rest lie about their salary, net worth, and investment performance with the practiced ease that they lie about losing their virginity to their imaginary Canadian girlfriend.

Would I make more money as a Software engineer or Accountant/Financial Analyst.

Longterm goal: Own Business.

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>>1537120
Jump into something. I started importing products at 15 years old with $200. You can do it. Find random niche products. Start small and crunch the numbers. As long as you make a profit, it's worth it over working for someone else. Growth is all that matters. If you have no debt, and a growing business, you're doing amazingly. Trust me. You want money? Be like me. I do major work maybe 10 hours per week. Put the work in. Use your brain, and I mean really use it, and you'll never work as hard as other people do for the same dollar.

>>1537133
Why would so many of them they lie though? I see a couple of students here and other professionals which make what you would consider the average but then there's a fair bit of people who just make more than decent money. It makes me feel really bad, like I'm wasting my time in college.

>>1537120
I mean I started off with regular jobs like wal-mart. eventually I got a factory job, and worked hard at it. They recognized how much I did for the company, so they moved me into a cushy position making explosive materials.

I basically just set up and tear down the machines and let them do the work. So its stress free.

I only make $16.20 an hour, but I've always been a modest person anyways.


Its sort of funny y'know. I always end up in roles where I either lead or am trusted to have no oversight whatsoever. However I just can't see myself running my own business.

I know you didn't ask for my life story, and I'm not exactly swimming in money. But I don't feel like I'm really behind anyone. As long as I have food, and a roof over my head, and my loving wife, I don't really care about money that much myself.

>>1537150
>Why would so many of them they lie though?
Never played liars poker? Is a massive circle-jerk of one-upmanship. Someone claims to make $80K, so the next NEET claims $100K, and then Pajeet says $120K (which is probably accurate, but in Rupies). And it spirals and spirals.

Asking why people lie on 4chan is like asking why OP is a faggot. It's because they're faggots.

>>1536742

24
Project Coordinator
50K
No debt
24K worth of stock
37K

>>1537129
Hey dumb fuck, the taxes you need to pay on your 401k are a liability. Assets - liabilities = net worth

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>>1536742
24
Data Analyst
52k (hired this week)
no debnts
2k
10k

>>1537178
I just can't understand how upping someone via lying on 4chan would give anyone any gratification, especially since that lie won't ever translate to real life. Like I could claim that I make $150k or whatever but I'll still be dirt poor IRL. What would be the point? You can't even have a sincere discussion then because all you are doing is pretending. I guess my mistake is trying have a serious convo on 4chan out of all places.

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>>1536742
>>Age
37
>>Job
Technical Architect
>>Sallary
156k/yr
>>Debnts
60-70k
>>Assets
~900k
>>Net Worth
No clue, I have a wife and two teenagers its fucking expensive as hell where I live and I'm about to throw down 1000ETH on the SDTV ICO in a few hours tho

>>1537200
Don't take this personally, but I've always wanted to ask this someone older, what are you doing on 4chan?

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>>1536742
>24
>Pharmacy student
>$0
>$320,000
>My car, $11,000
>-$309,000

>>1537196
>What would be the point?
To rustle your jimmies, dumbass. You, with every post you've made in this thread, are feeding their tiny attention-whoring egos.

Stop doing that.

23
machine manufacturing tech
fug i dunno like 33k 15.50 a hr full time
owe 3k on my CRV and 1500 left for my rent term(Its a debt just in a disguised form)
700 401k 3k in college savings 900 in Credit union about 2k in firearms and ammo

like 5k

21
Jr. Electronics Engineer
42K
None, live with parents
30k
30k

>>1537206
Get out now, it's not worth it. How the fuck did you get that far in debt?

t. new pharmacy grad

I am a stinky NEET who cam whores for wage cucks. Give me money and ill spread my boi pucci for your enjoyment.

Total assets = bout tree fiddy. Will also cam whore for RS gold. I am not fussy

>Age 26
>Job Small business owner
>Salary 21k
>Debnts 146k
>Assets 500k
>Networth 354k

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>>Age
27
>>Job
Software Release Engineer
>>Sallary
$81,000 + profit sharing (like $500, company sucks)
>>Debnts
$122,400 in mortgage
>>Assets
$140,000 condo
>>Net Worth
Approximately $40,000 between savings, salary, and condo.

Replacement car (6k), student loans (24k), and condo purchase feels (4k) ate into any gains for a while, especially since I made less than 45k from 23-25. Finally going to have 5 digits of spending cash next year.

>>1537047
>>1537206
You will be mourned.
>>1537202
Old folks have been shitposting in IRC since the internet first because popular. It only makes sense they'd find 4chan eventually, just like you'll still shitpost well into your 40s. You may stop for years at a time, but it always comes back.

>25
>NEET (left previous waiter job, still have enough leftover to survive untill the end of the year)
>0
>0 parents paid for tuitions
>55k worth of cryptocurrencies

>>1537265
55k in cryptocurrencies

Damn thats some huge exposure. I'd be selling that and buying cheap real estate, desu

>Age
25
>Job
Tradesman
>Sallary
100k/year
>Debnts
360k
>Assets
450k
>Net Worth
90k

>>1537283
>360k debt

lold

>>1537291
>welcome to the australian housing market

>>1537292
iktf but there are cheap areas in aus that you could buy for ~70 - 150k which isnt even the deposit price for a cucked regular house. Catch is you need to earn money some of way like online since the jobs in those areas suck but tradies have work anywhere desu

>Age
22
>Job
Logistics Operator/ own a rental property(fourplex)
>Sallary
gross-68k/year net-48k/year
>Debnts
176k- mortgage
15.5k- car
>Assets
215k- rental property
14k- car
2k- 401k
>Net Worth
39.5k

>>1537279
I would lose at least 30% on taxes as soon as I convert them to fiat. Plus why would I sell when any one of them have a chance to make me a millionaire? Even there's a slightest chance, the odd is still better than winning lottery and I have more control over cutting losses.

>>1537298
>paying taxes

Hearty chuckle.avi

>>1537150
That's the point, bud. Motivation

>>1536742
>24
>student and investment guru
>$800 a month from goverment grand + what i make from investing
>debts; mortgages
>assets: Apartment + stocks
>net worth~180k euros

20
Sugar baby
60000 (pretty good in a second world country)
None
Apartment
50000 i think. Does this include the shitload of clothes?

>>1537022

new york really is a meme. you probably work 80 hours a week to be that poor

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>Age
31
>Job
Senior Analyst
>Sallary
80k/year

The secret is:
>no gf
>no car
>no pets
>dont drink

>>1537451
>31
>only saved 160k
>earns 80k/year
>no gf
>no pets
>no car
>no drink

Do you burn the money you earn?

>21- 22 in 4 days
>Own online store, partial stake in weight loss supplement company and run small investment start up company
>210k base - 660 if conditions met
>200 bucks, one usused account 7 bucks overdrawn
>2015 maserati ghibli
1985 bmw m635
deposit on cayman gt4
200k in bank
400 in investmentswith outside companies
500k internal investment

>1-2 mil( personal)
( partner 2-4 mil)

>>1536742
>Age
21
>Job
Dominos lel
>Sallary
$26K
>Debnts
$0
>Assets
$3k
>Net Worth
$13,000

>>1537451
Or... Have great gf who earns too and cuts your living expenses by 50% while also fulfilling your needs.

Stay poor with your shitty life

28 years
Financial Analyst
€ 40,000
€ 850,000 in real estate, cash, BTC, ETH
€ 300,000
€ 550,000
Thanks dad

>>1536742
>44
>small business owner
>$220,000 gross, $12,000 net
>$140k in debts
>$1.4 million in assets today. It changes daily.
>over a million

>>1536742
22
Investment advisor
45k
4k borrowed to invest
Car + 24.5k in investment account
30kish

>>1536742
20
student/IT tech
15.5/hr
$260cc
$ 8k tfsa, 2k rrsp
~10k

>>1537300
>selling bitcoins ever
enjoy being poor

>>1537133
The only people in their early 20's with 6 figures are trust fund babbies (the ones not roleplaying that is)

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>>1536742
>Age
22.
>Job
Student pilot.
>Debts
Climbing extremely rapidly.
>Assets
Being burnt to make avgas.
>Net Worth
Depressing.

>>1538299
So you are an FA?

>28
>machinery technician
>$75k
>~20K in debt, student loan/car/revolving CC spending
>~66k in assets, mostly 401k, IRA, I'm including my car which some people frown upon but that's only ~15k
>$46k net worth

Only had this job 2 years but I feel like I could be boosting my net worth more than I am. I'd like to retire early.

27
Code monkey
83k
0
300k
300k

Got lucky on the stock market.

>>1536742
22
Student
No job, full time student
0
about 2.5k in stocks
about 4k

>Age
40

>Job
Data Center Technician

>Salary
$68,000 a year. $114,000 with OT and bonuses.

>Debts
$195,446.89 mortgage.

>Assets
$342,074.86 in property and investments.

>Net Worth
$146,627.97

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>>1538440

I've been spending a lot the last couple months hence the credit card. Pay in full every month regardless though. Mostly I'm buying guns and gun food because we're in for a wild ride.

Was thinking of stopping contributing to my roth IRA and just upping my 401k contribution. Would save me a bit more on taxes, I'm in the 25% bracket and live in NY so I think pre-tax is probably better honestly.

>Age
19
>Job
Nothing since moving back to school, but I do invest and trade stocks
>Salary
$15,000 from the summer, but this whole stock thing has made $31,000 in the last 2 weeks.
>Debt
$5500 student loans
>Assets
My computer and thats about it
>Net worth
$71,000

>>1538459

So your computer is worth $76k?

>>1538455

Gotta love mint.

>>1536770
what do you do?

>>1538462
No, my stocks are worth about $77K, my student debt is $5.5K, and my computer is worth several hundred. I guess I could say all in net worth is about $74K with my savings account as well.

>>1537202

Pretty much what the other guy said.i have been shit posting since the 80s and thru EFNet when it was young on IRC. Now my wife essentially trolls ppl IRL and apparently, I've been told I am a Baptist version of Kyle Broflosky's dad from South Park. I haven't seen the episode but apparently he's a mad troll.

Lol Sonny boy, I've been trolling since you were a glimmer in yer daddy's eye. Heh, I'm only 38, i remember when that seemed ancient...

>>1538096
>Own online store, partial stake in weight loss supplement company and run small investment start up company

What's more important here the quality of the product or the marketing? That's a very difficult niche to get into.

>>1538494
>No, my stocks are worth about $77K, my student debt is $5.5K, and my computer is worth several hundred. I guess I could say all in net worth is about $74K with my savings account as well.
Damn what stocks?

>>1537234
What if i have no debt and a guarenteed position lined up?

>30 y.o.
>neet
...
sadpepe.jpg

>>1538464

Buy things for the gov. It's not bad, I get an automatic promotion next year so I'll be making ~$65k and I have a pension, lots of time off, telework, every other Friday off ect ect so it's cash as far as wage keking goes. I'm working on starting a business on the side and manage my investment portfolio too so overall very comfy

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it's very rare to see anybody on 4chan who earns under 6 figures and have net worth under 500k. the site represents the top 0.1%

>>1538517
I hold $THC which is a marijuana grower in Canada and $AFI which makes the vertical grow technology used in THC's operation. They are both skyrocketing, and will continue to do so. Made $31K in the last two weeks.

>>1536880
How'd you get to being a business analyst?

age - 28
job - code monkey
salary - 120k
debts - 12k
assets - 100k
net worth - 88k

trying to actually invest some of my money and time. ive been working for years at a high salary and have spent most of it and lived in an expensive city. i barely own anything. im an idiot

>>1538700
>I hold $THC which is a marijuana grower in Canada and $AFI which makes the vertical grow technology used in THC's operation. They are both skyrocketing, and will continue to do so. Made $31K in the last two weeks.
Fug last year I was thinking about Canadian mmj industry and decided against it. (Figured I'd fuck it up/ didn't want to spend time researching).

>>1538722
Now is the time to start. Go all in on $THC. You will AT LEAST double you money buy January. Probably 30% in the next two weeks since they will be getting their sales license, and the first sales crop will be coming out two months after that. Shortly followed by legalization a couple months later. You will make a ton of money, and it is never to late to start.

>>1538700
You fell for SH board spammer's AFI meme? Come on dude.

>>1537052
How did you get started in your consulting business, and how did you find your niche for importing? Sounds amazing. I'd love to be living that life at 21.

>>1538459
>19
>net worth $71k

This is what I'm talking about, now I feel inadequate.

>>1538752
I've been working all my life though. Started saving with a paper route when I was 11, got a part time job at 16 paying $16 an hour, and two part time summer jobs this year at $19 and $25 an hour. Wasn't easy, but working as much as possible, saving like mad, and doing some research for investing can really pay off. Plus, its never really to late to start considering theres some great stocks to invest in right now.

>>1538743
Say what you like, but I made $5k from AFI on Friday, meme or not.

>>1538735
Thx anon, not sure if meming me, but I'll look into it. A whole bunch of states will probably legalize soon as well, mine included, would be neat to get in on the ground of that somehow.

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>>1538770
Not meming, dead serious. Current price targets are $1.00 for $THC one sales license comis through within the next two weeks.

>>1538760
When and how'd you start on investing? I wish I started earlier but now it's too late. I'm too busy studying in college and too poor to do anything. I wish I could restart my life knowing what I know now.

>>1538779
I just started this year mid July. Started with a diversified portfolio, but after two weeks decided I liked playing for fast money and the only way to do this was on marijuana stocks. The good thing about Canadian marijuana stocks is that you can trade them to make some quick cash during the day, but if you make a mistake and buy at the peak, you wont be caught bag holding for long as the whole industry is on the up and up. I have a TD web broker account which i haven't had any problems with so far. Hopefully that answers your questions.

>>1538790
>I just started this year mid July
So not even full 3 months.......did you have any prior experience with stocks and stuff? I mean reading stuff like this >>1538767 is just mind boggling to me, I made 5k working this summer, you made it in 1 evening. LIke fuck dude.

>>1538421
No. investment advising only. FAs also do credit, estate planning, etc

>>1536909
>recording at historic value
?:(

>>1538797
Ya it hasn't really been that long. No, prior to starting in July, I had no prior experience. I did do a lot of research, but that was only for about a week before I started (while I was waiting for my account to be opened). I know, this summer after busting my ass, I only made after taxes about $15k over 4 months, and this Friday in total, I made $12k (the 5k mentioned earlier was just from one of my stocks). Don't waste your time reading all these shilled meme "rich dad poor dad" books, since they're going to tell you to invest for the long term, when really we can take big risks wince were young (plus everyone who's young wants to make as much money as possible).

>>1538750
I started at 15 with $200 importing random niche products from china like laser pointers, niche musical instrument accessories, found a supplier that I could trust with high volumes(most important part is finding a supplier that you can trust without needing to watch over them), reinvested almost all of the earnings for a long while(gave myself minimum wage on the off chance that it all crashed, it wouldn't have been for nothing). The consulting is totally unrelated. I use fulfillment services and two employees so I don't actually do much anymore. I just find the products and use particular suppliers and work maybe 10 hours per week. my mothers do some major work and I pay them for it. It's as close to passive income as I've been able to get. $1,000 per day take-home has been a goal of mine.

this is how it works
>research products until i find niche that is popular but has little competition(lots of number crunching and clarifying)
>find the best supplier for niche
>use FBA and never keep products for more than one month

My mothers are the ones who actually keep in touch and hold the relations with suppliers and customers. I don't do anything anymore. The research and business discussion with my mothers to keep them up to speed on what I'm doing is my 10 hours per week. Anyone can do this. Finding the perfect product, and the perfect supplier, is the only work you really need to do at all. I would never work as an employee with some college degree. I realize more and more how sheepish it is and how most people are suckers, this is if they're trying to make as much money as possible, keep in mind.

File: swish.gif (2MB, 395x430px) Image search: [Google]

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>>1536742
>>Age
45
>>Job
Manager of web devel
>>Salary
$145k/yr
>>Debnts
~$270k
>>Assets
~$650k
>>Net Worth
~$380k

>>1538826
>since they're going to tell you to invest for the long term
On that note I was talking about the same thing on reddit (I know, I know) and they suggested me reading this book called next door millionaire or something like that and essentially it spouts the same invest long term bs. Do not buy stuff, save and be frugal so you can one day have $1mil in your bank account. I just read the summary but it was full of stuff like "people with money usually don't drive nice cars", I mean I want to buy a nice car, what's the point of having money if I have to live like I'm poor to get an illusion that I'm rich by having lots of money in my bank account.

>>1537120
Everyone here is lying.

>>1538847
>nice car
That's relative. What are you calling nice?

i'm so in student debt i feel like future net wealth accumulation has been squandered or at the very least, drastically delayed


i was 18, why did they give me a loan?

24
engineer
55k
105k
-65k

not sure if i can survive

>>1538847
I found the exact same thing. All of those books are the same shit with investing and having a million by the time your 90. Any retard with access to an index fund could do that. I would suggest r/wallstreetbets for some better due diligence, though you may end up having to sort through some awful advice while trying to find some good tips. I wish there was a chat for people that are young and want to invest in stocks (I say young, but I mean people willing to take on more risk, with not a ton of money, who are looking to make a ton of money). I want the same thing as you (nice car, motorcycle, and watch), and that's what I try to keep in mind while doing work.

>>1538855
student debt?

>>1538853
How much damage?

>>1537185
If he owns his house free and clear, then continues to live simply & rent-free in retirement, it's not impossible he'd pay no/little taxes on the 401k withdrawals.

Of course there's no reason to get so autistic about it. I mean if we're talking net worth is only what you'd get for fireselling every asset this very second, that knocks 10% off the housing price and commission fees off brokerage accounts etc. etc.

>>1538840
Sounds like a great business you have, especially how automated you managed to get it. I'm sure you'll be able to automate it even more in the future, or at least expand while keeping the same amount of automation.

I've always wondered about when you say you research a product in a niche, I understand the part about researching the product in a niche, but how do you find it initially? It's probably like like when I explained some stocks to my friends and they asked how I found out about the companies and I had to say that I researched (and listed a couple forums and stuff) that they could try their luck with. Is it the same for you? Thanks for sharing. By the way, 1000 a day it a goal I was thinking about as well. Worked out this month, but unfortunately my stock trading is most likely not sustainable.

>>1538853
Keep in mind that you can make more money investing your money than paying down your student debt (hear me out). Of course make your debt payments, but it might be more beneficial to be investing your money while paying little on your student debt because you can make more percent points on your investments than the % of interest on your loan.

>>1538862
Yep, they got me.

Worth it though.

>>1538874
He would have to invest correctly. To invest correctly and actually make money you need to do actual work or have some sort of an advantage that may or may not be illegal according to current insider trading laws that may or may not exist arbitrarily

>>1538851
>That's relative. What are you calling nice?
I certainly don't want to drive a half a decade old reliable sedan so I can be "rich". Realistically speaking chances are I will never be able to drop $250k or something on a car, but I'd love to have something that's recent and worht in the $85 to $110k range. So nicer than average but not too nice. Of course I'd love to race around in supercars and luxury SUVs worth half a million, but I don't see it happening.

>>1538859
>I would suggest r/wallstreetbets for some better due diligence
Ah okay, so you're one of them. I think my issue is I'm too scared to make any moves. When you say you "did do a lot of research" do you refer to learning the technicalities of how everything works and relates or researching companies and their potential. I'm kind of scared to trade when I don't 100% understand what something is and how it works.

>>1538889
Do I take it that you may or may not have insider information that you feel you would be arbitrarily prosecuted for acting upon? Also, it isn't that much work to invest properly, though yes there is work involved.

>>1538455
If you're in a high tax situation and/or planning to retire early, lean towards pretax 401k/IRA instead of Roths.

The exception is if you need the extra tax advantaged space. 5500 in a Roth IRA beats 5500 in a normal one + tax difference in a taxable.

>>1538891
>... I'd love to have something that's recent and worht in the $85 to $110k range.

That's not nice, that's ostentatious.

>>1538571
Not just 4chan, this is /biz/. People who shitpost about business. For fun.

Talk about a skewed sample.

>Age
28
>Job
Power Plant Fuel Handler
>Salary
$37k/yr
>Assets
~$30k
>Net Worth
~$30k

>>1538898
I do not have insider information and if I did I wouldn't tell you to invest in Micron. Professional investors spend 8 hours a day modeling and analyzing the market so how can we expect to properly invest as normies?

>>1536742
>>Age
24
>>Job
investment banking
>>Sallary
~$150k
>>Debnts
$0
>>Assets
~$150k
>>Net Worth
~$150k

>>1537052
Goddamn. I am a freshman in college doin engineering for job security. been here 4 weeks and know that 9-5 life ain't for me. Would it be better to continue education in entrepenurial business or just start right off the bat.

>>1538891
>Ah okay, so you're one of them
I've never actually traded a stock I found out about on wallstretbets, nor have I ever bought or sold options. I go on there for entertainment, but sometimes people do a great write up about a company, and those same principles of analysis can be applied to other companies you might want to research. When I say, "research" I mean that I read about the company, their products, and what makes them unique/their advantage in the market. Also, look for future catalysts (example: they have a sales license that historically is given to companies 6 months after they apply, since they applied 5 months ago, it should be coming soon). This will help you make better decisions on what company is a good buy, and what companies are overvalued (I'm strictly dealing with small cap stocks here, in a sector I have researched).

>>1538906
Well excuse me, why don't you describe me what's a nice car? I'd love to drive a car worth millions but the chance of that happening is 0. Also I want comfort along with everything, I don't give a shit to drive some sleeper from the 80s that looks like it's worth a couple hundred dollars.

>>1538925

running your own business is a 24 hour job

>>1538920
>Micron
Just as a thought experiment, what would make their stock go up so drastically? I know say a factory fire, or a CEO scandal would make it plummet (these are all imaginary situations of course), so what sort of imaginary situation would make it go up?

>>1538930
true but the idea is to grow it big enough you can pay some other sucker to run it.

>>1536777
I SEO too

>>1538934
In general, maybe anon crunches numbers or does sales work for the company and they're going to announce very strong Q3 results.
Maybe he works I-banking and there's a buyout/merger coming.
More in biotech, but maybe new chip designs too, good test results can send stocks spiking.

Of course even though insider trading is a huuuge grey area, you don't want to get the SEC on your ass by buying short dated out of the money call options.

>>1538934
+EPS

>>1538925
>>1538930
To give a bit more for insight, my family has a tree nursery that does well, and is established, but I have the standard, "I wanna get outta my podunk town" mentality so I figured I'd get some stem degree, eventually computer science or something, and get a job somewhere. I know how my family works, and it's fuckin rough, but if I were to go into the family business, it'd be to get it to the point where the work I do isn't the same bonecrushing 65 hour work weeks my father and his brothers do.

>>1538929
A brand new Honda Accord will keep you under $30k, get you where you're going, and be dependable as fuck.

>>1536742
>21
>Mathematics and Economics student
>no job
>2K cash and 4K in Memehood
>22K student loan debt

Should be able to graduate w/ 22K student loan debt, and maybe 10-15K assets

>>1538969
>Honda Accord
0 prestige. My sister (still in HS!) has a 2010 accord. Don't tell me that you should be driving the same car a high school teen drives. There's nothing nice about that.

>>1538968

You probably won't work less than a 40 hour work week in a demanding career like engineering (I also majored in engineering, none of my friends work 40 hour weeks) - especially not if you advance and you have further responsibilities.

Maybe you should approach it with a different mindset. Work sucks but it isn't the end of your life. Don't let this board fuck with your head.

>>1538996
What do you do now or are you still in engineering?

>>1539012

I'm >>1538924

I was hired on at an investment bank soon after I graduated. I've spent a few nights at work wondering what the fuck I was doing here

>>1539031
How do you go from engineering to investments straight out of college? What position are you tehere?

>>1537074
>Then you would be operating at with negative net working capital bud.
You have no idea what you're talkingabout.

Working capital is current assets minus current liabilities. "Current" being liquid/due within a year. A house and mortgage are neither of these.

>The liability of the mortgage will always be more than the value of the house (inc. property) as the mortgage is the net asset value of the house at the time of purchase with the addition of interest (which may or may not be adjusted throughout the term of the loan).
Also wrong. You have no idea what amount the mortgage is and what the value of the home is. It's fully possible, and often typically the case that the home value is greater than the mortgage.

>For the majority of Americans, the home is more of a liability than an asset.
This is "liability" in a colloquial sense, not an accounting sense.

You are wrong on most every account here.

>>1537447

Hours are quite tolerable, <60 for sure. Nothing like 80 in my group. If I was doing 80's I'd expect a 75-100% bonus, not 10-15%.

The commute is rough, since I don't live in the city. The secret is to find a hobby or useful activity you can do on bus/train/subway. I bought a nice tablet so I can do get my /co/ and /lit/ reading on. If I ever want to watch some TV series I could do that too I guess.

>>1539031

Which bank? I'm at GS right now, have a few buds in I-banking and MBD groups. If you are in NYC, I'll take you to grab a beer sometime.

>>1538452
What's it like working in the data center? Might be getting a job a a grunt install tech. I have a BS in IT.

Seeing what career paths there are in one

31
Jobless for a year
0
5023
0
-5023

Should I end my life lol

21
i'm an engineering student but interning full time at a power company, making $18 an hour
i go to a stupid expensive school but most of my tuition is being paid by my grandparents so right now i'm only $25k under

i'm thinking of dropping out of school if i get a serious offer from my employer

otherwise i got ~$5k in accounts, CDs and bonds (gifts) and things
like $500 to fuck around with in robinhood while i learn how markets work
i'm betting on my grandparents leaving their $500k suburban home solely to me so i've got that going for me

that said, my personal capital tells me my worth is ~$500k because i'm betting on my grandparent's home lmao

>>1536742
18
student
0
0
12000
12000

>>1536782
Work with any other types if engineers? How do you like your work? What is your daily work routine?

>Age
24
>Job
Driver non cdl
>Sallary
24k-28k
>Debnts
0
>Assets
10k
>Net Worth
Just end my life already

>>1539126
Are you me in 3 years?

>>1538565
What job is this called and how can I get in?

>>1539271
Not him, but that's probably a purchasing agent.

you can get into it by working for the gov, memorizing 5 billion pages of Federal Acquisition Regulation and then seeking certification to do it. You'll probably need a bachelors degree and a cushy supervisory position to make it. Perhaps some experience as a Contracting Officer or at least a COR.

>25
>NEET
>$0.00
>$0.00
>Nothing technically. Realistically, ~$150,000 worth of real estate (that my parents currently own), and like $25,000 in a college fund
>Probably somewhere around $zero

God I fucked up the last 6 years of my life

>>1536742
21
Bookseller
$23-$27/hr, casual with full time hours
$30k(?) in student debt
$1600 in stocks
comfy $0, living week by week

>>1537451
What is this app

>>1538199

t. future alimony payer

>>1539253
yes

don't date that cambodian bitch

she's fucking nuts and will harass your next girlfriend

>>1539353
looks like Mint

>>1536742
>>Age
19
>>Job
"""Student"""
>>Sallary
$0
>>Debnts
None
>>Assets
None
>>Net Worth
$3k

>>1536742
>23
>Client relationship manager
>84k
>0
>Flat, 150k portoflio, 50k in cd
>round 500k

32
IT sysadmin
85k (aud)
$0
$20k in ETF's, $10k in savings, $8k car. Saving to buy a house, not too far off doing that
Dunno

29
Peoplesoft Business Analyst
$50k but interviewing for two higher paying jobs
None but renting and planning on buying a house within the year
$91k retirement, $6k checking acct
$97k

Can't wait to get above the $100k mark

>Age
26
>Job
Project Manager (work for a energy supplier firm in the UK (FTSE100))
>Sallary
>£36k
>Debnts
Noone
>Assets
£10k in savings
£3k invested (money I'm using to learn how to invest)
>Net Worth
Not sure how to quantify this.

>>1536742
I'll try to fill this to motivate me

>Age
27
>Job
unemployed
>Salary
0
>Debts
I gave my mother my student loan (~$4k) and she's still paying it
- dunno how much left, but she's paying the minimum, so I guess a lot
>Assets
A $1k gaming laptop, a good camera and a 10 years old family car that's on my name because of taxes
>Net Worth
??

>How to 'grow the fuck up'?

>>1537120
This thread would be a lot more realistic if these liars posted printscreens of their bank balances. I just can't believe all these 20 year olds are making this sort of money. Remember friendo, common sense is not so common.

>>1536742
>22
>Student
>0 atm
>0
>2-3k physical
>around 130k
Thanks Bitcoin

>>1536742
>Age
30
>Job
Self employed lanscaper
>Sallary
About $90k
>Debnts
About $14k including biz denbts
>Assets
Own some vehicles and equipment, some cash.
>Net Worth
Maybe 70 grand. Saving for a house but the market here is fucking crazy. House goes on the market, it's sold within the hour for well above asking price. FML

>Age
23
>Job
Student, Graduate offer for Investment Management firm for next year
>Salary
0 (£40k+0-20% bonus starting next September)
>Debts
£36k in student debt
>Assets
£2k
>Net Worth
£5k

>Age
21
>Job
Student workung half time in a bank
>Sallary
1100€ a month
>Debts
my iPad i got this weekend (400€) and my bike (ATM 1500€ to pay left)
>Assets
A 8k€ BMW and a 100k € flat I inherited, also got 2 krugerrands in my bank deposit
>Net Worth
10k€

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21
Economics student (4th and final year)
$0
No debts
20k in low risk investments, 2.5k in a brokerage account, 2.5k in a chequeing account
25k in assets

>>1538983
High schooler? Not unless her parents bought it. All i'm saying is that more than $30k is a waste. Prestige is bullshit unless you're already rich.

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>Age
19 this week
>Job
lifeguard
>Sallary
2.5k/summer
>Debnts
none, parents pay for college
>Assets
$200 (robinhood stocks)
>Net Worth
3k

>>1541512
oh also i'm a student in college

>>1539061

I'm an analyst there. I build financial models for the upstream oil and gas industry and do mergers, acquisitions, and divestitures. Turns out they need a lot more engineering insight than the regular finance guy can provide - at least for my role.

>>1539121

I would totally take you up on that offer, but I'm based in Houston working for a non-US bank (not many people do what I do, so I'm trying to remain semi-anonymous, let me know if you want to linkedin or something so I know you wont murder me). Our M&A deals are in the $300MM - $1.5B range, however. How's Goldman?

>Age
20

>Job
Gender Studies major

>Salary
$0

>Debts
around $100k in student loans

>Assets
My $2000 macbook pro

>Net worth
idk lol

>25
>UPS Driver
>$90,000
>$0
>n/a
>$140,000

>Age - 23
>Job - currently looking
>Sallary - 0
>Debnts - $15,000 loan
>Assets - ~$500
>Net Worth - -$14500

Why, WHY did I finish a BS ini Geology. Fuck me in the ass daddy!!!!

>>1536742
>Age
25
>Job
music producer
>Sallary
around €40k
>Debnts
might buy flat soon, currently €0
>Assets
€85k car, fair sized portfolio, see below
>Net Worth
around €1.5mil. has nothing to do with my job or accomplishments, just lucky asshat

>>1536872
hey are u still online?
im currently getting my cdl class a what do u think is the best route to go

>>1541583
Get a job in the oil industry. They hire all the geologists.

>>1539271

Contact specialist but there are dozens as equally or more comfy jobs. Just have any degree and apply. It takes for fucking ever to get a job tho so start now

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age 18
Job parts store/ renter
Salary $32000
Debnts $53,000
Assests two duplexes valued at about $58,000 a peace two cars and pure breed dog worth $400
Net worth idk I didn't go to college

>>1541747
>all that at 18

woo mommy and daddy

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>19
>Hedge Fund Manager
>+$500,000
>$50,000
>$42,000,000
>50,000,000

>>1536742

>Age
20
>Job
eCommerce entrepreneur
>Sallary
More than 10 USD a year, earn about $26 an hour.
>Debnts
None
>Assets
$40,000+
>Net Worth
IUnno my dood

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>>1536742
>Age
18
>Job
Journalist
>Sallary
22K/yr
>Debnts
0
>Assets
$33k cash and investments
>Net Worth
$40k counting my anime figs ;3

>>1537052
Can you explain more in depth of what your business does specifically?

>>1537143
You got a Skype or something bro? I'm not trying to annoy you I'm just interested in starting my own businesses but unsure of how to actually do that. 19 with no debt but not alot in savings either. Work for 10.35/hr 11.25 on weekends. What should I do starting now?

>>1541688
FUCK meant to say contract specialist fuck me

>>1536742
>Age
35
>Job
Senior IT Consultant
>Salary
~99k per year
>Debits
0
>Assets
17 year old car (maybe ~2.5k in value. It's pretty beat up.), approximately 5-10k worth of furniture and artwork
>Net Worth
~150k (~75k in 401k and about ~75k in cash and stocks)

>>1538735
How many shares do you hold?

>>1537022
Besides your debnts I'm jelly of your position in life. Got any tips for employment at Goldman, especially internships?
throwaway: [email protected]

>>1536742
>23
>Unemployed, but looking and furthering education.
>I made roughly 65 bucks the last 3 days with trading RH
>No debts or bills. Live at home
>I have music equipment and firearms as assets
>Net worth ~$700

I've been fucking with the stock market while I'm unemployed. Makes me a little bit of money, but I obviously need to put more in my trading account to get worthwhile returns.

>>1536742
Age:44
Job:Chef at Wendy's
Salary:9.00 per hour
Debt: 0
Assets: 500k
Net Worth: 2.8 million

>>1537095
Do you have your properties under an LLC?

>>1536742
>30
>ex-sys-admin, graduating civil engineer in 3 months
>0
>50k
>4k
>-46k

>>1536742
44
bum
about €500 per annum
300000€ cash
house value 250000€
about 625000€

>>1539601
liars? lol

27
mailman
35k
None
25k
225k

>Age
21
>Job
Assembly Line
>Salary
17.50/hr, regular overtime
>Debts
$6'000 student loans
>Assets
$11'000
~$2'000 in CDs, the only things of value to my name.
>Net Worth
$7'000

Millwright or IT tech apprenticeship at my company hopefully soon.

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>>1536742

>19
>SDA
>41k annual
>$0 :^)
>20k or so
>20k

>Age
26

>Job
Financial Accounting/Management
Family Construction Business

>Salary
none

>Debnts
no private debt

>Assets
630k private portfolio
2.3m in company equity


>Net Worth
About 3m

>age:18
>job: none right now, sometimes I do shit for people online like programming, beta testing
>salary: below $10,000
>debts: none, family paying for school
>assets: about $20,000
>net worth: nothing

Age 28
Job : currently none
Profession : CNC programmer/operator, Caregiver, Car technician
Salary : 0
Debts : 0
Assets : about 2k-3k €
Net worth : 2000€

>>1544050
Little shits like you being promoted to management positions because of your daddy is the reason why family businesses are a joke and fail all around the country.

>>1544089
I think I am most fucked up guy here or most honest

>>1544091
I don't manage the company, I manage my assets. I have a well established board of directors to take care of most operational things.

I'm well aware that my judgement is not the same as someone who worked in the business for 40 years. I'm not stupid.

36 white Male.
Single, disabled,(no hot chick wants that)
I Manage my caregivers.
I Make Fl studio beats, songs
Social Security Disability
$1,228 monthly
Rent $300 I live w/Dad
Bills $500 cellphone, Netflix... & credit cards (bought computer stuff, & stupid shit, records)
Dinners $60
Strip clubs $120 Waisting $
Debts $16,000
Annual $14,736
No Assets
Net worth $230>
Dad was laidoff he can't find a professional job. will sale house wont make much on house cuz of debt.
I have to say bye to cheap rent & have to find apt. that has to be $600 or less.
I'm screwed.
Hey maybe I can find hot chick roommates.

>phD in mathematics
>any job I want
>500k starting

>>1537143
>r/assistance

What sort of products do you import and where do you sell them?

22
neet
0
34$
10$
0.02$

22
Sales 9 an hour just started
About 22k
Ummm a car, some gold and a few stock. Prob 5 or 6k

Negative something

>Age
25
>Job
legal assistant
>Sallary
$30,000 CAD
>Debnts
zero
>Assets
most valuable asset is actually a grandfather clock which is insurred for $6,000 CAD. I have a lot of artwork I inherited which is probably worth in the thousands.
>Net Worth
I have $78,000 in stocks and cash

25
Student/landlord
No salary, self-employed
Not American so no debts
6300€ in bank (just spent 1k for college), 200k house in my name (needs renovation), apartment in my mother's name I rent out, second-hand car.
Don't know exactly

>age
19
>job
unemployed
>salary
$0.00
>debts
$19,000.00
& $3,000.00
>assets
None
>net worth
-$22,000

Currently in uni. Not doing well. Poor as fuck.

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>age
29
>job
financial analyst
>salary
51 K
>debts
44k
>assets
300k
>net worth

255K

>>1545498
INB4

intangible

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>>1536742

>Age
22
>Job
Computer Engineer
>Sallary
110k yearly
>Debnts
10k student loan
>Assets
2005 E46 M3 worth 20k
no house yet, living with parents saving up
>Net Worth
50k in savings

20
Student
$0 salary and debts, parents paying for college
$800 in cash(invested in currencies and stocks), books worth > $1500, other stuff around $1000. Car but it isn't in my name so wont count that.

Total net worth probably $3-4k, but looking to keep investing and steadily keep growing it.

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>>1536742
>Age
25

>Job
Software Developer

>Salary
$60k/year

>Debts
Mortgage - $65k
Car - $20k

>Assets
Condo - $100k
Car - $20k

>Net Worth
Assets - $120k
Roth IRA - $10k
Bank - $10k
- Debt = ~50k

How am I doing for a 25yo? I have a lot of debt, but I think I have my shit together.

>33
>producer of space porn
>8.50/hour
>owe Big Mike $7800
> '78 Gremlin, every reader's digest published in the last decade, 4 cats & a box full of old hood ornaments I stole as a kid
>1,000,000,000

>>1541659
Have you watched the news recently?

>22
>Full-time student
>$0
>$2600
>$0
>$-2600

Thanks guys.

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>>1538735

>Age
26
>Job
Gym operator on a US base in Germany
>Sallary
~$33,000
>Debngdts
Pregnant wife - 18 years of my life.
>Asses
$2,800 car, $1,200 kitchen, $40,000 savings.
>Net Worth
$44,000 minus liabilities of the kid. Honestly don't know how hard I dun goofed. Any dads can give an estimate?

>25
>unemployed
>$0
>$15,000
>none
>-$14,500 (I have 500 dollars in my checking account)

>>1536742
>18
>full time student; part time server; manual labour summer jobs
>$8/hr base + at least 40 tip a night // $10/hr labour cash in hand
>$0
>$2000-3000 in electronics, equipment, instruments and vehicles
>$15,000

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age: 24
tit: Software Developer
sal: $73,800
deb: $18,500 car loan
ass: $15,000 car trade-in, $8,500 equipment and appliances, $12,000 401(k), $24,000 in bank
net: ~$40,000

>>1536742
>Age
28
>Job
Junior Software Engineer, soon PhD Student
>Sallary
about 50k €
>Debnts
Student Loan and Car about 23k€
>Assets
None, aside from the car and various electronics.
>Net Worth
-23k €

>>1547432
kids aren't that expensive unless both parents work. If both of you work over half of one of your salaries is going to daycare.

otherwise something like $300-$400 per month is typical, all of which will be covered by your tax deductions and credits.

In your earnings range the gov pretty much pays you to have kids, assuming you're filing US taxes.

>Age

30

>Job

NEET. Recently laid off.

>Sallary

$0. Was $50k before being laid off.

>Debnts

$120k

>Assets

$434k

>Net Worth

$314k

18
Student
$9/hour part time
None
$500 in various stocks
$6,000

>>1536742
>>Age
28
>>Job
Realtor
>>Salary
Commission-based; YTD about $13,500
>>Debnts
~$7k car + probably around $3,500 in taxes
>>Assets
$7k
>>Net Worth
$-3,500

Starting to sweat a little about my decision to become a Realtor. Burned through a pretty good savings my first year hoping for my business to 'turn the corner' at some point...

HAHAHA

I'M A FUCKIN NEET

I DON'T OWN SHIT

FUCK YOUR BOARD!

you have alot of free time, and thats a wealth all on its own

>>1536742
30
Loader operator
$18hr - 50 hours a week
1 shit rental house that is empty. So technically nothing. Yet...

Keep a couple grand in credit card debt for credit score help. Owe on my house till april and then 1 year of $400 payments i will have both houses payed for and immediately borrow afainst them or sell the shit rental to get a quality rental property.

Net worth. Pfffffff!!! Net worth is a meme. A fictional number made up by anyone. But if i had to guess i would say probably 100k? Lol. Net worth. My god.

Im a little behind and just got caught up for 5 years. Rookie mistakes. Got in over my head with credit cards then was hurt and off work for a year and crippling hospitol bills. Weve worked hard to get back to even. Now we almost debt free again and will start shopping for the next rental house or oil lease.

>>1536882
No faggot. It doesnt either. Because he has to be there and drive it.

If je sat on his ass and paid someone and it made money. Then yes. This would be true.

>>1536909
No faggot they are not. Not unless u own a cab company or trucking company or something. If they sit and rot and dont aporeciate. Or u have to be in them. They are not assets.

One could argue classic cars can be an investment as the price of some muscle cars skyrockets anually. If u could average out this percentage and figure storage costs and restorations in then maybe. But then u still have to sell it for it to have been an asset unless u rent it out.

>>1537004
PFFFFFFFFFFFF!!!!


JAHAHAJAJAAAAAAAAAA!!!!

Please god anon. Tell my why your home IS an assett. I would love to know.

Because if it's property always goes up in value then you need to punch yourself in the dick.. hard.

If u buy ANYTHING and it doesnt make u money every month. Then its a fucking liability.

>>1537043
2008 when i lost my construction job with everyone else i knew. Ummm.... having your house paid off makes it an even worse liability since some cuck can sue u and take it or the equity.

Unless it makes u a profit, it is a liability.

>>1537054
>house u can sell
>CAN sell.

Anon, what if the housing market goes to shit or u overpaid or any number of things where u cant sell for a profit.

Youre "assett" is actually a liability costin u money.

Nothing u buy and hold is an assett until if and when u sell at a profit. Then it WAS an assett i guess. But its still a gamble. Buy shit that makes money not to gamble with.

>>1536742
24
medical mech E
€120/h
none
2 patents, 8k liquid
8k liquid...

>>1538495
30. I remember the first cell phone i ever saw. And mom used to pay me 1 dollar to sit in front of the pc and try and try to connect because the dial up line was busy and she wanted to hang out on yahoo chat for a couple hours.

I used to think 30 was old af.

Is it just me or does do the younger generation actually seem like giant whiny pussies? Not all, so dont flip guys. But when i was 14 i got a job on a drilling rig and hauled hay. Thats how it was. U want shit go get a job. Now it seems like nobody wants to work and they just sit around bitching on facebook.

I cant be the only one that sees this.

>>1538571
LOL. Not ashamed to say 2 years ago was the first time i broke 40k. Before takes even. And at $12hr.

Lot of fucking hours...

>>1538889
You guys and your stocks.

The only way i will ever own stocks is in an ipo launch. Private investors fund the launch for shares. Then when its public all the normie fags clusterfuck around it and trade shit b tear stocks or wonder why the price droped when 4 people unload half their shares to get their money back and still hold a stake. No, in most cases if u are buying stoc off the market you are simply to late.

>>1536742
>25
>~30k - 60k business onwer first year
>-40k
>25k
>Killme

23
Medical intern
63k nominal+overtime
About 60 grand of HECS debt (interest free memery that just comes off my taxes)
No assets other than bank account cash
27,000

>>1538996
Yeah hes right. I work 50s. Its not bad. Still have an evening.10 hours of overtime makes a lot of diverence.

And having a good high oayi g job if u live pretty cheap u got a lot of cash to throw around at startups or assets. Just learn maybe read up on investing and soon u will be losing money by spendi g time at your job. Then u can focus on growing your investments and enjoy a guit free NEET lifestyle.

Thats my goal anyway. Assuming i dont become a rock god...

>>1550011
How much of a clusterfuck are patents. I was going to ise a service one time but heard they are mostly scams. Im way too illeterate to understand half the paerwork and dont wanna fuck it up.

>Age
22
>Job
Administrative Clerk
>Sallary
17k BRL = 5k USD (year :()
>Debnts
0
>Assets
0
>Net Worth
0

27
Design engineer
32/hour
No debts
Car, some land, investments
~750k

>>1536742
>Age
23
>Job
Mobile app dev
>Sallary
70k
>Debnts
40k student loans
>Assets
Virtually none. I have ano SUV that is half paid off. And 2k in the bank... Also a 1k computer.
>Net Worth
About -30k atm. But good prospects.

>>1538239
I'd live homeless forever if it meant that I could have my Dad forever too...

>>1546960
>100k condo

meme tier

should have saved up more money and paid the downpayment on a pre-war house in a nice and big city that isnt experiencing a bubble.

>Age
21
>Job
mailman
>Sallary
20K
>Debts
0
>Assets
210K
>Net Worth
220K

>>1551711

>Debts
0
>Assets
210K
>Net Worth
220K

Wait, how did you create an extra 10k out of thin air?

It seems like most of the people ITT don't know how net worth is calculated, have horribly mismanaged their money, or are financial failures. I thought this was /biz/?

>>1536971
Literally in the same position as you lmao.

>>1551769
can't your net worth be more than your assets?

>>1551800

No. It can't. Your net worth is the value of all of your assets - all liabilities.

>>1536742
18

Real Estate Investor

Don't have a salary

None.

Couple rental houses, BMW (depreciating but still an asset, I guess)

In the 310k area

Mom died. Inherited shit. Invested life insurance through my aunt when I was 16. Aunt is really business smart so she didn't let me make shit decisions and get fucked.

Still rather have my mom than money, though.

Feelsbadman.jpg

33
20 k ( and seeking a better job due to bba degree)
10k in assets
0 debts
Might get a second ba in accounting
Fml

>>1551806
Technically cash isn't an asset so if you had more cash than assets - liabilities then yes your net value would be higher than total assets

>Age
>Job Gender Studies major
>Sallary $9.19/hr working at starbucks
>Debnts $300,000 in student loans
>Assets My macbook
>Net Worth Once we smash the patriarchy the concept of "net worth" won't matter

26
Self employed digital marketer
Made around £29,000 last year
£10k on a business loan which I used to rent an office and hire 2 university grads. Student debt of 15k-ish.
Own nothing of value aside from my Triumph Bonnie Newchurch motorcycle.
Net worth...I try not to think about it...

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>>1552019
Hey man, I'm 19 and have recently come in to some money through lucky investments. I'm thinking of getting in to real estate investing now. How many places are you meeting out at the moment, and are you making any money (as in is there money left over after mortgage payments?). Cheers

>>1552039

Of course cash is an asset you fucking moron.

>>1541024
Underrated post

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>>1552048
Lol

29
UI/UX Mobile Game Designer
70k
0 debt
7k
bout 60k

>>1552208
then what does not belong to assets?

>18
>Student (Business and Economics)
>Currently not working
>Own like 15k

>>1536742
>24
>financial service sales
>$54k (varies, about 15% of my my comp is variable bonus)
>about 90k student debt (live with my parents so over half my income goes to this)
>$10k assets, most in cash and some in 401k
>about -80k I suppose
>

>>1541518

Shoot an email to [email protected], that's my throwaway for the thread. I'll provide proof of NYC and Goldman and we can swap LinkedIn or what-have you.

I'm not IB myself, but a lot of my single friends went that way and found success. With a wife and kids I couldn't do the hours and have the life I wanted.

I'm very interested in learning about both the niche markets and the non-US banks. I know the bulge bracket well enough but want to understand the other players better.

>>1544092
At least the second you are