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Networth |
nw |
11/08/2017 08:59 PM |
All of us come here with primary objective of making money (DOLLARS) and secondary objective of better living standards. I have always been curious how much net-worth (all your assets minus all your liabilities/dues) is considered a good one. All of us are more or less the same (talking about the H1 crowd), so what do you feel is a good net-worth to aspire for ? Is it :
a) 50 K to 100K
b) 101K to 200K
c) 201k to 500K
d) 500K to 1 mil
e) > 1 mil ?
When does a person start to feel they have made it? For me personally option d sounds like good.
Thoughts?
p.s. for skeptics and those not interested in 'materialistic' things like money, please feel free to ignore.
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Re: Networth |
Milli |
11/08/2017 09:09 PM |
Fpr me a million should do good becos i invest that in real estate and get one more million and goes on but primarily a million God pls give me a Million...
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Re: Networth |
reply |
11/09/2017 08:52 AM |
C would be good
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Re: Networth |
Aj |
11/09/2017 10:26 AM |
After spending 7 yrs in US starting with 60k sal and now $100k
I would say so far I have saved $85k with a family of 4
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Re: Re: Re: Re: Re: Re: Networth |
2cents |
11/09/2017 01:41 PM |
I am not AJ, but here are my 2 cents, 3 cents (get it? ), saving and investing are not 2 things, but go hand in hand. As AJ mentioned don;t wait to accumulate 500K. Whatever you have invest in say vanguard index shares (VTSMX), or S&P 500 index share. Say you have 10 K to start with. Invest 8 K in the index funds and keep 2 K in bonds/short term investment. Then keep ading to it every month (Dollar cost averaging). Above all, don't panic when markets go down. Keep buying in up and down markets. Invest for the long term, don't be a day trader or try to find miracle stocks.
Ofcoure, make sure you have enough savings apart from that to cover emergencies, so don't invest all you have got. You do need 30 - 40 K in savings, and on top of that anything can be invested.
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