tag:blogger.com,1999:blog-6660577093050800840.post6136539609301771603..comments2023-10-28T02:42:43.185-07:00Comments on 1MansMoney: I Can Tell You My Net Worth Within $1,000,0001MansMoneyhttp://www.blogger.com/profile/03671664305287248756noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6660577093050800840.post-13809797265871543852008-04-07T19:20:00.000-07:002008-04-07T19:20:00.000-07:00If I had $3,000,000+ and was making $250K. I woul...If I had $3,000,000+ and was making $250K. I would not be concerned with the exact number either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6660577093050800840.post-57037807110596179502008-03-26T15:47:00.000-07:002008-03-26T15:47:00.000-07:00Good point, No One Important. I hadn't even consi...Good point, No One Important. I hadn't even considered the pre-tax / post-tax issue.<BR/><BR/>I still think 25%-33% is quite a range. 10%, on the other hand, seems more reasonable.<BR/><BR/>Nonetheless, I hope one day to be in the position to have this gentleman's "problem". As you can see from our net worth number, we have a ways to go.<BR/><BR/>-1MansMoney1MansMoneyhttps://www.blogger.com/profile/03671664305287248756noreply@blogger.comtag:blogger.com,1999:blog-6660577093050800840.post-37087804053639437912008-03-25T13:00:00.000-07:002008-03-25T13:00:00.000-07:00I suspect the range can easily be explained:The ch...I suspect the range can easily be explained:<BR/><BR/>The chap mentioned seems to have the bulk of his net worth in illiquid investments: his business and various types of real estate. For assets that sell infrequently, coming up with an instant liquidation value within 25-33% as he did is not terribly unreasonable. If he has no intention of selling any major assets in the immediate future, I don't see any reason why he would crunch numbers to come up with a more exact appraisal. Even if he has looked at the numbers closely, pre-tax and post-tax figures could easily differ by that much.<BR/><BR/>Aside from some real estate, I keep the bulk of my assets in *highly* liquid markets: stocks, bonds, futures. Even so, and even if we were to agree on whether the question was pre-tax or post-tax, I'd still be hard pressed to estimate my net worth closer than 10%. I doubt if most people with the bulk of their assets tied up in their home could do better.<BR/><BR/>--No One ImportantAnonymousnoreply@blogger.com