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What is your net worth?

Options
amcluesent
amcluesent Posts: 9,425 Forumite
in Savings & investments
After the 'What would you do with £1M thread', I wondered for how many posters that was a daily challenge :D

So how much are you really worth, after subtracting mortgage, overdrafts, CC debt etc. and using a sensible valuation of your house(s).

Be honest now! :wink:

What are you net worth (ALL you have minus ALL you owe)? 160 votes

Impoverished (<£1000)
5% 9 votes
Got a few bob (£1000 to £25,000)
18% 29 votes
Comfortable (£25,000 to £250,000)
43% 69 votes
Money Bags (£250,000 to £1,000,000)
27% 44 votes
Yes! I'm loaded! (> £1,000,0000)
5% 9 votes
«13

Comments

  • savingforoz
    savingforoz Posts: 1,118 Forumite
    Interesting poll, amcluesent!

    (by the way, if anyone who chooses the loaded option is also male, free and single...here I am :kisses3: )
    Life is not a dress rehearsal.
  • aurora_borealis_2
    aurora_borealis_2 Posts: 13,477 Forumite
    I'm comfortable but it certainly doesn't feel like it :(
    de do-do-do, de dar-dar-dar ;)
  • isabelle304
    isabelle304 Posts: 300 Forumite
    Part of the Furniture Combo Breaker
    I only "got a few bob" but am satisfied with that as 4 years ago I had a really heavy (£40k) cc debt so at least this is progress in the right direction.

    What would be interesting for me would be to do this exact same poll a year from now and see if I've managed to move up a category :rolleyes:
  • Eskimo12345
    Eskimo12345 Posts: 147 Forumite
    If I sold everything I own I guess I'm worth around fifteen grand... more if you include both kidneys :rotfl:
    I am not really an Eskimo. I can hear what you're thinking... "Inuit!"
  • mroller
    mroller Posts: 397 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    The_Eskimo's_Donger wrote: »
    If I sold everything I own I guess I'm worth around fifteen grand... more if you include both kidneys :rotfl:

    very funny.
    We should definitly include 1 kidney at least in our net worth!
  • Andy_L
    Andy_L Posts: 13,017 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Comfortable, but excluding 100k equity (since I can't do much with that) it's got a few bob
  • amcluesent
    amcluesent Posts: 9,425 Forumite
    >100k equity (since I can't do much with that)<

    Being a Lloyd's 'name' used to be the way to make assets work twice, maybe it still is?
  • gelato_cat
    gelato_cat Posts: 2,970 Ambassador
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Comfortable - but still can't get on the property ladder!!!

    Suze

    amcluesent wrote: »
    After the 'What would you do with £1M thread', I wondered for how many posters that was a daily challenge :D

    So how much are you really worth, after subtracting mortgage, overdrafts, CC debt etc. and using a sensible valuation of your house(s).

    Be honest now! :wink:
    I’m a Forum Ambassador and I support the Forum Team on the Savings & Investments, Small Biz MoneySaving and House Buying, Renting & Selling boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
  • Xbigman
    Xbigman Posts: 3,915 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Net worth isn't the real story. I'm 'comfortable' but most of my money is the equity in the house. Its free income thats more important in most circumstances. There are plenty of broke higher rate taxpayers around whilst I know others who live in council houses but have fair amounts in savings and good pensions.
    Regards



    X
    Xbigman's guide to a happy life.

    Eat properly
    Sleep properly
    Save some money
  • Innys
    Innys Posts: 1,881 Forumite
    This calculation is not easy due to CGT. How do you work out the CGT payable on a property bought ages ago which isn't your PPR?

    Surely you need an accountant to do the sums for you e.g. taper releif and stuff?
This discussion has been closed.
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