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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: Re: Networth   Productivity...   11/08/2017 10:05 PM  

STFU..!!! go learn a IT tool and do some job.... why did you come to this country ??? to waste time..?? every second is wasted is a dollar wasted..!!! if you are really feeling lonely go to a bar or some dating app and chat with someone....

and whats with that weird ass sentence formation ?? you need to work on your grammar too..look into ESL courses ..

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Re: Re: Re: Networth   MrMojoRisin   11/08/2017 10:12 PM  

Your english isn't too pretty either dopehead

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Re: Re: Re: Networth   Productivity?   11/08/2017 10:57 PM  

lol. This guy has got these couple of sentences drafted from someone and keeps on pasting the same message everywhere!

See the "Lets play" thread below.

Or even better.. someone is just impersonating him using his "productivity" name

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Re: Re: Re: Re: Networth   Hahahaha   11/09/2017 07:01 AM  

I think he was the failed student of one of the frustrated english kindergarten teacher..he remebered all the lines exactly..

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Re: Re: Re: Re: Re: Networth   Productivity daddy   11/09/2017 07:04 AM  

Omg he sounded exactly like my grandpa..i beleive he is frustrated daddy

Productivity Daddy u r so productive thats why all the productions are happening under your producing ass

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Re: Re: Re: Networth   fu   11/09/2017 07:54 AM  

Mr. Productivity, do you think like this when you are pooping or peeing, or eating or sleeping ? Every second wasted - so a day has 86400 dollars and a year has 31,536,000? If you have been working even for 2-3 years you must be big multi millionaire. WTF are you doing on this forum?

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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: Networth   my 3 cents   11/09/2017 10:59 AM  

I appreciate AJ for saving so much with a family of 4.
Here is my goal, I want to save 500k and then invest that money into something that will get me 60K per year without me working more than 4 hours a day/4 days a week and then I will retire.

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Re: Re: Re: Networth   Aj   11/09/2017 11:12 AM  

Why wait till you earn $500k
Start with small investments that have guaranteed returns
Then as you learn the process keep on increasing the investment and try few riskier investments promising higher returns

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Re: Re: Re: Re: Networth   experience   11/09/2017 12:26 PM  

Been in US for 17 years. Both wife and I earn. Have net worth of 1.6 mil. Still don't feel have enough to retire though. Have to send 2 kids through college and pay off mortgage.

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Re: Re: Re: Re: Re: Networth   my 3 cents   11/09/2017 01:26 PM  

(at) AJ, Can you name an example of what you are suggesting.

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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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Re: Re: Re: Re: Re: Re: Re: Networth   my 3 cents   11/09/2017 03:20 PM  

I think I would do something similar, not really have 500k in a savings/checking account. After about a 50k, I might invest in something with meager returns. which is not a concern even if I dont get any returns but does anyone have ideas on generating 60K yearly using a 500k investment without much work.

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Re: Re: Re: Re: Re: Re: Re: Re: Networth   2cents   11/09/2017 03:44 PM  

Thats a million dollar question (or half a million dollar), my 3 cents. So you are talking of 12 % return on investment. If anyone had a sure-shot way of doing that we would all be rich ! As you know, more rewards means more risk. My suggestion is invest in the overall stock market index funds. This year for example the S&P 500 has returns of over 20%. Ofcourse, there will be up years and down years - but on an average you would get that 10-12% you are looking for.

Another advice is ofcourse not to invest all in one investment (all eggs in one basket, heard that?). Always diversify. If you have 500 K to invest, do get a qualified financial adviser who can help you with asset allocation.

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Re: Re: Re: Re: Re: Re: Re: Re: Re: Networth   my 3 cents   11/09/2017 04:20 PM  

I used to trade few stocks in BSE Sensex, that was a few years ago. I didn't make any money for almost a year, so I left trading and never looked back, but again, that was trading not investing. May be I need to check out investing. Thanks for that.

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Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Networth   moredetails   11/09/2017 05:23 PM  

Therein lies the issue - 3 issues actually. First is the time horizon - 1 year is nothing - you need to be invested for 10-20 years or more. Read about compounding - that is one great tool of investing. For example if I have x the interest and principle will keep compounding. So 10% on 10,000 is 100, but same 10% on 500,000 is 5000. So the more time you have on hand the better. Time is your number one ally.
Number 2 - trading of stocks is never a good idea, instead look into mutual funds or index funds. These are made up of a number of stocks and spread the risk.
Number 3 - trading - this means you have to pay commissions every time you buy or sell. Instead invest in a fund that has not trading fees and low expense ratio. If you need one on one advice email me at ctdesi10 (at) gmail.com

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Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Networth   ms   11/09/2017 05:28 PM  

Sorry - obviously my maths is not strong - I missed a zero on the interests - 10% on 10,000 is 1000 and on 500, 000 is 50,000. Sorry about that ! But I hope you got the point. The more time the money has to grow the better it is. It is at the end that it really starts multiplying.

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Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Networth   my 3 cents   11/10/2017 09:15 AM  

I agree with all your points moredetails. It's just that I didn't think of markets lately.

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Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Networth   Desi   11/10/2017 11:14 AM  

Iv invested in Indian Stock Market and it is worth it. Paying brokerage while buying selling is covered in profits earned.

MF/bonds could be a personal choice but I prefer shares. But then my investments are as long as 6yrs or more and the latest one i bought is more than 1 yr back.


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