What Are You Worth?

youngsaver1995

Wage: £2500
Savings: £6300
Premium Bonds: £200
Owe: £0

Age: 17.

oldvicar

The honest answer is about a quarter of what I thought I'd need to survive on 10 years ago ... but now I realise its enough.

Abatement

Age: nearly 29
Salary: £70k
House worth: £450k at a guess (£295k outstanding mortgage)
Savings: £47k
Pension: £40k
(Car: £8k)

House mortgage, savings and car are joint with partner. Salary and pension are my own.

racing_blue

oldvicar wrote: »

The honest answer is about a quarter of what I thought I'd need to survive on 10 years ago ... but now I realise its enough.

I'd love it if you could expand on this a little, as the question "how much is / will be enough" seems like a tricky one

moneyistooshorttomention

There is, of course, another related question to this and that is "How financially straight are you?".

The answer to that one will, I anticipate, later this year be (after moving) - "Just need enough to get this house finished and that will do me".

I own my own house and it will do me once its been swopped for a better one (anticipated soon).

I'm retired anyway now:D

I have an adequate amount of savings.

I will have enough income to live on once I reach my State Pension Age and start getting the rest of my pension.

So financial straightness will boil down to "How much money do I need over and above my savings and some money set aside to cover me until my State Pension kicks in to finish my new house off?"

srcandas

moneyistooshorttomention wrote: »

There is, of course, another related question to this and that is "How financially straight are you?".

I'm 60 and homing in like yourself. The very small mortgage comes down and the SIPP goes up each month. I could survive if needs be but each month adds greater flexibility.

When state pension comes it will be welcome but my wife will have to wait another 5 years for her's and she doesn't work.

But I can honestly say I'm glad I cannot comfortably retire. I'd be a disaster. My brain would turn to sausage meat. The pub would be too much of a temptation

Luckily rather than save, save, save I spent money creating a work vehicle (small business with no sell on value) which gave me job independence and flexibility. I can move from work to retirement gradually over 10 years :cool:

So not money wealthy as many here but doing just fine I think

chucknorris

Age 55: My net worth is held as:


EDIT: whoops spotted an error on my spreadsheet, I had halved the value of my house (wife will pay half in future but hasn't done so yet), should have been:

20% - 360k cash savings
9% - 170k pension
5% - 90k investments (shares)
66% 1.2m property

salary/business profits approx 100k (I stay below the 60% marginal tax band by investing in my pension).

The above are just mine, my wife is about 10-15% behind me.

seven-day-weekend

Me personally (not counting husband):

State Pension £6000 p.a.
Earnings c. £2500 p.a
Savings £20,000 including an ISA and Premium Bonds
House worth £100,000 (paid for, jointly owned with husband)

I have a Local Authority Pension of around £6.5k pa to come in 2014.

£2k on interest-free credit card

I am 63 and female.

Jimby509

About $160 or £101.79 given current exchange rates....

Value of the human body in table form...

http://www.datagenetics.com/blog/april12011/index.html

oldvicar

Jimby509 wrote: »

About $160 or £101.79 given current exchange rates....

Value of the human body in table form...

http://www.datagenetics.com/blog/april12011/index.html

Interesting - we all have around $0.01 of Gold in us.

I reckon that I am worth a lot more than Jimby - I have a gold crown on one of my teeth for starters.