What Are You Worth?

Alex92_2

What equations are you guys using to work out percentage breakdown?

CH_2012

I'm not worth much. I'm surprised at saving £17k from £20k.

The_White_Horse

i think people should also give there status as in married or single, kids or no kids. I remember the days of saving, before having to support a wife and kids as the only earner. ahh those were the days.

chucknorris

Alex92 wrote: »

What equations are you guys using to work out percentage breakdown?

You divide the sub total e.g. amount held in cash savings say £10,000 by the total of your net worth say £100,000 and multiply x 100:

(£10,000/£1000,000) a x100 = 10%

vectistim

Alex92 wrote: »

What equations are you guys using to work out percentage breakdown?

Add everything up, take what you want to take away from it[1] this gives you a total. Then divide each sectoral contribution by the total.

[1] I just took debt away, there's an argument to be had I suppose about whether CGT should be taken away too - but hopefully that would only have a significant effect if you had to sell most things in one go.

Alex92_2

chucknorris wrote: »

You divide the sub total e.g. amount held in cash savings say £10,000 by the total of your net worth say £100,000 and multiply x 100:

(£10,000/£1000,000) a x100 = 10%

Thought so.

Age - 20
Assets (Car, motorbikes, guitars, TV) - = 29.6%
Cash/Savings - 71.4%
Property - 0% (for now)
Pension - 0% (starting one up with employer contribution this week)
Debt - 0%

Edit: This looks awfully unbalanced lol.

somethingcorporate

To those around me that I love hopefully I am worth quite a bit, to those others perhaps quite a bit less.



Age 28
Pensions 40%
Property 40%
Cash/Isas/Certs 10%
Shares: 10%

gadgetmind

Age 49
Property - I don't count this as an asset even though the mortgage is long gone.
Pensions - 50%
Cash - 10%
Income shares and ITs - 10%
ISAs - 14%
Technology shares - 16%

Non-property assets are at around 20x our essential annual income, which is roughly where you need to be at my age if planning early retirement.

chucknorris

gadgetmind wrote: »

Age 49
Property - I don't count this as an asset even though the mortgage is long gone.
Pensions - 50%
Cash - 10%
Income shares and ITs - 10%
ISAs - 14%
Technology shares - 16%

Non-property assets are at around 20x our essential annual income, which is roughly where you need to be at my age if planning early retirement.

Your property is certainly an asset, you are much better off for owning your home outright than someone who rents.

somethingcorporate

chucknorris wrote: »

Your property is certainly an asset, you are much better off for owning your home outright than someone who rents.

It's a tricky one because it is also a liability compared to renting as you have the upkeep.

I think it's fine to not consider it as an asset as produces no income when considering "the number" but also when considering net worth it really should be included.