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Lot o points [163010]
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Lunger Net Worth
Nov 21, 2021, 5:05 PM
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Are you top ten material?
Net worth -where do you rank? [Results]
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Top 10 - over $1mm |
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$1mm to $1 |
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I owe more than I own |
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What is net worth? |
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All-In [31365]
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Re: Lunger Net Worth
Nov 21, 2021, 5:31 PM
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Oof, I don’t want to play this game
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Lot o points [163010]
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Just go ahead and mark the first one
Nov 21, 2021, 5:35 PM
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you're gonna get there soon enough.
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All-In [31365]
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Re: Just go ahead and mark the first one
Nov 21, 2021, 5:40 PM
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Can we do cashflow instead?
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Lot o points [163010]
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It can be very depressing to look at how much cash goes out
Nov 21, 2021, 5:45 PM
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the door.
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Hall of Famer [24451]
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Results maybe skewed by desire to respond. Everybody on
Nov 21, 2021, 5:37 PM
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this board has been #3. Given requisite wisdom, which ain't much, rare as it might be, the only difference between #3 and #1 is time. No shame in being at 3.
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Lot o points [163010]
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For sure
Nov 21, 2021, 5:42 PM
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that is where everyone starts unless you are a member of the lucky sperm club.
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Hall of Famer [24451]
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Risking going afield of your purpose here, but if married,
Nov 21, 2021, 5:55 PM
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not having to raise grandkids (not having failure-to-launch kids), anyone, with almost any income, can be at 1mm at age 65. A lot of that is because 1mm ain't what it used to be. But still.
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Lot o points [163010]
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Which is why that list showing the top ten in SC
Nov 21, 2021, 7:50 PM
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is so ridiculously wrong.
But, still $1mm is a nice number for most to achieve.
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CU Medallion [54011]
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I have a couple nets.
Nov 21, 2021, 5:41 PM
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But they aren’t worth much. Neither am I.
But I have a dog, a wife that I love dearly and she seems to love me (most days), two kiddos I love more than they’ll ever know, and they are mostly obedient and respectful, plus I got a roof over my head and air conditioning in both my vehicles and home. What more could a guy ask for?
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Lot o points [163010]
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Tack on friends and family and you are a rich man.
Nov 21, 2021, 5:43 PM
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Blessed we are.
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CU Medallion [54011]
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Oh yeah… you’re right.
Nov 21, 2021, 5:48 PM
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Tack on the Lounge to my list and I’m rich.
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Hall of Famer [24451]
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If a middle class couple has aspirations of being worth 1mm
Nov 21, 2021, 6:05 PM
[ in reply to I have a couple nets. ] |
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at 65 (in today's dollars), my observation of several examples has been that at age 40 they might seem to be barely above water. However, they will have situated things and habits such that net worth goes from little to a lot in the next 20 - 25 years.
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CU Medallion [54011]
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At age 40 I didn’t worry about that.
Nov 21, 2021, 6:15 PM
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At age 60 I won’t worry about that. Time is more valuable than money. Even if I worked everyday for the rest of my life and never spent a dollar, I can’t gain back even a second with my 14 year old son. Those moments are fleeting. Fleeting is literally a word created to show how easy it is to waste time. Every story worth telling is literally told, to tell us to invest our time and energy wisely. I’ve yet to read a story where someone’s great morality said earn more money and save it and you’ll be happy. I’d gladly take on 100 years of debt, just to have back a single moment with my boys. To see them in action with what I now know. Strange thing is… even as I know what I now know… I’m still actively wasting my time for money and for other things as well. Strange how we never learn until it’s too late.
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Hall of Famer [24451]
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Absolutely. Agree. Relationships and material wisdom don't
Nov 21, 2021, 6:26 PM
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conflict, but everything you said was right on. And one can make all the right decisions, and circumstances beyond one's control can take it all. But nothing can take what was passed on to another. As you say, is worth everything.
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CU Medallion [58376]
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You've got a lot dude. You've really got the most important
Nov 21, 2021, 10:51 PM
[ in reply to I have a couple nets. ] |
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stuff. Money is great, or it can be, but when you're 62 like me, you'll understand, if you don't already.
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CU Medallion [59974]
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I have money tied up in too
Nov 21, 2021, 5:48 PM
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many toys.
2 snowmobiles
1 boat
2 Jet Skis (that we never use)
1 Dirtbike (soon to be sold)
I think I am going to sell all of these except for the boat. It frustrates me how much I pay in storage. I pay FBCoach type salary in just storage.
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CU Medallion [54011]
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Only 2 things worth storing. I store…
Nov 21, 2021, 5:53 PM
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Beer in my beer gut. And Fritos for chili and taco salad. Those Fritos have been hard to find lately. Glad I panic purchased Fritos when everyone else was buying TP. I know where the futures lie!
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Lot o points [163010]
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Hall of Famer [24451]
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I lose. I have (1) a jeep Wrangler and (2) a new Ooni pizza
Nov 21, 2021, 6:21 PM
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oven that came via UPS a couple days ago. And I didn't even buy that: Xmas gift from kids.
That's right, most excitement I've had in a year was firing up the new pizza oven on the patio last night. Worked great, btw. Oh, and in a golf outing last week, borrowing a friend's driver showed me that I've aged out of stiff flex (an oxymoron that applies only to golf clubs) and into regular flex. So I'll have a new driver in a few days.
A car that I have to have anyway, a pizza oven somebody else bought, and a golf club. That's all I need.
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Lot o points [163010]
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Is that gas or pellets?
Nov 21, 2021, 6:36 PM
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that is a nice gift.
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Hall of Famer [24451]
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Indeed it is. This one is the Karu model which uses a
Nov 21, 2021, 6:51 PM
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wood/lump charcoal burner in the back rather than pellets. Converts to gas with the purchase of a burner, which is attached in place of the wood burner box. I don't intend to do that, as easy as last night was. I used lump charcoal because I have a Green Egg, so had that fuel on hand. Used very little, maybe a coffee can sized amount of charcoal. Heated to 900 degrees in 15 minutes; I let it calm down a little to about 700 to cook two pizzas, abut 6 minutes each. Not quite as easy to use as a gas grill, of course, but is way easier than the Green Egg, or any charcoal grill. My guess is that the operation/results is very similar to the pellet model. Based on last night, I wouldn't think there is any difference between the two.
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Hall of Famer [24451]
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Oh, as to quality of pizza:
Nov 21, 2021, 7:05 PM
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We have done them on the Green Egg, in the kitchen oven, and now on the Ooni. MissTulsa and I both ranked them:
1. Ooni
2. Green Egg
3. Kitchen oven.
Of course on cold winter evenings we will mostly use the kitchen, but for a patio night the Ooni is not only ridiculously easy, but the pizza is very good. There are youtubes of people doing cast iron steaks in the Ooni, and at 900+ degrees, with flame over the top, I can see where that might be very good. If so, the only thing I'll have to use the Egg for - which is a little bit of a bear to operate - is smoking.
I'm now figuring out how to build a permanent base for it, like a purpose built pizza oven. As best I can tell, a few decorative concrete block (like sold at Home Depot for garden walls) will do a nice job, and easy/cheap.
If one is into making pizza, this has my recommendation.
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Lot o points [163010]
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I switched to steel in my oven and like it a lot more than
Nov 21, 2021, 7:19 PM
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stone. Might have to put one of those on my list for Santa though.
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Hall of Famer [24451]
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Right. And to be fair, in my above ranking, the kitchen oven
Nov 21, 2021, 7:56 PM
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was at a '10' before I tried the Egg and Ooni, and the improvement there is barely incremental. The only thing the outdoor ovens add is a slight smoke flavor which, honestly, not everyone likes in pizza. Once you're making your dough and rolling out your own pizza, you've got 99% of everything you can do.
I am curious, however, about the steel stone in your kitchen oven. I've been using actual stones so long - 25 years - that I am not up on the latest. Tell me about the steel and why you like it. I might be a buyer.
I mention homemade dough, and while nothing beats MissTulsa's, some grocery stores do a decent dough now. In 1995 we were avant-guarde in pizza, but no more. Publix has it in the refrigerated section of the deli section, but I do not recommend. Is like rolling out a tennis ball. Ingles has pizza dough balls in the frozen section, and those are really good. As MissTulsa has gotten less domestic, she is less likely to make dough, buying that instead. No complaints. Is quite good.
For me, the gold standard his her recipe, which is a standard Neapolitan recipe, in which she subtracts half the water, replacing it with vodka. The idea is that in cooking, the vodka cooks out faster and results in a harder crust, if one likes that, which we do.
And hers are easier to roll out. A few swipes and I'm done. Even Ingle's dough takes a little work to roll out. No big deal.
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Lot o points [163010]
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Lot o points [163010]
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Posts: 31933
Joined: 1/17/07
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Lot o points [163010]
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Hall of Famer [24451]
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We'll try this. Thanks!***
Nov 21, 2021, 8:31 PM
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Hall of Famer [24451]
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Heisman Winner [135650]
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Don forgo today for a tomorrow that may never come
Nov 21, 2021, 6:16 PM
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Accumulate experiences not regrets and a pot of cash.
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Lot o points [163010]
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So true. Money cannot buy memories.***
Nov 21, 2021, 6:37 PM
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CU Medallion [55659]
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Meh. Depends on how net worth is calculated. BUT as I’ve said b4
Nov 22, 2021, 6:23 AM
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real wealth is when your passive income is greater than your burn.
Hit that mark and you’re good,
As APM has confessed previously, my net worth looks pretty good but I still have two kids to get through college and a mortgage,
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All-In [31847]
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How else is net worth calculated other than...
Nov 22, 2021, 7:53 AM
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the present value of what you own less the present value of your debt?
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Lot o points [163010]
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You got it.***
Nov 22, 2021, 8:05 AM
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Oculus Spirit [85088]
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I wasn't sure if you could throw 401K into the calc
Nov 22, 2021, 8:09 AM
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Sure, it may look nice right now, but you can't have it for it's present value. Should you take 40% off 401K?
IDK
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Lot o points [163010]
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The future value of the taxes you have to pay
Nov 22, 2021, 8:19 AM
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is really hard to compute. Tax rates are normally lower when you retire and you will be increasing that 401k a lot before you ever pay that tax.
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All-In [31847]
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I certainly count retirement savings in Net Worth....
Nov 22, 2021, 8:31 AM
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plus I have most in a Roth 401k, so eff taxes 
I don't believe I've ever seen/heard anyone factor future taxes into Net Worth calculation.
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CU Medallion [55659]
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All-In [31847]
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I think it's standard to count the estimated value....
Nov 22, 2021, 9:24 AM
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of your house and include any mortgage in your debts...or essentially the equity in your house (real equity...not facebookcoach equity)
Not sure why that wouldn't ever be included.
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Heisman Winner [105441]
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Zillow Value minus Mortgage Owed = Equity toward net
Nov 22, 2021, 9:31 AM
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worth.
If you sold it today, what would you walk away with. That is how I do it.
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Oculus Spirit [85088]
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Zillow has my range at $289K - $649K
Nov 22, 2021, 9:33 AM
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They have no idea on my house deets.
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Heisman Winner [105441]
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Mine is a little tighter than that. I may be about to refi,
Nov 22, 2021, 9:36 AM
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so I guess that will give me a decent home value.
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Oculus Spirit [85088]
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Re: Mine is a little tighter than that. I may be about to refi,
Nov 22, 2021, 9:38 AM
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https://www.bankrate.com/![]() Bankrate: Guiding you through life's financial journey Use Bankrate.com's free tools, expert analysis, and award-winning content to make smarter financial decisions. Explore personal finance topics including credit cards, investments, identity protection, autos, retirement, credit reports, and so much more.
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Lot o points [155632]
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Oculus Spirit [80978]
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Heisman Winner [105441]
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Yo, why are we trying to be so depressing at 7:45 on a
Nov 22, 2021, 7:51 AM
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Monday morning?
Sheeeet, I aint got time for these feels. I gotta try to keep treading water here.
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Oculus Spirit [85088]
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"All of your retirement accounts are included as assets in y
Nov 22, 2021, 7:59 AM
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our net worth calculation."
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All-In [40656]
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Hovering right above the water line
Nov 22, 2021, 9:26 AM
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Them retirement accounts saving my buttocks.
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Heisman Winner [105441]
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House appreciation has helped me. Just gotta hope
Nov 22, 2021, 9:30 AM
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the housing market never crashes...or the stock market.
Otherwise, I am screwed and I may sell a kid.
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Oculus Spirit [85088]
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Which one?
Nov 22, 2021, 9:31 AM
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-CS02
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Heisman Winner [105441]
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Depends on that market as well***
Nov 22, 2021, 9:32 AM
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All-In [40656]
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Heisman Winner [105441]
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If not, I am fuqqed***
Nov 22, 2021, 9:51 AM
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Lot o points [155632]
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Oculus Spirit [85088]
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McLovin's example net worth calculation
Nov 22, 2021, 10:05 AM
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Home Equity - $300K
401K-1 - $300K
401K-2 - $50K
Brokerage - $200K
529 - $80K
Car1 - $30K
Car2 - $30K
Boat - $20K
Tractor - $15K
Bank Accounts - $10K
Taylor Swift memorabilia - $8K
TOTAL = $1,043,000
Real items, not real amounts.
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All-In [40656]
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Post your accounts to show its real***
Nov 22, 2021, 10:10 AM
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Heisman Winner [105441]
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Oculus Spirit [85088]
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We left out the children***
Nov 22, 2021, 10:11 AM
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Heisman Winner [105441]
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OHHHH SHHIIIIIITTTTTTT, I forgot my wife probably haas
Nov 22, 2021, 10:16 AM
[ in reply to Pretty Much the Same ] |
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some money in a couple retirement accounts. Together we may be worth NORTH of $20k.
Include that with inheritance and I can see Greenr being worth North of $100k in a couple years. Unfortunately, that would mean everyone in my family in older generations is dead though. Mom is the only one left. I got an Aunt alive as well.
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Lot o points [155632]
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All-In [31365]
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Re: Oddly enough I don't see a
Nov 22, 2021, 11:15 AM
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Oh wait am I allowed to count that?
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Lot o points [155632]
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Oh snap are we having a landed gentry land-off?
Nov 22, 2021, 11:24 AM
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McLovin let's do this---charlestontiger15 wants some.
I'll see if I can get phitiger to come back and referee.
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Oculus Spirit [85088]
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We paid cash money for our land
Nov 22, 2021, 11:38 AM
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that we borrowed from the bank.
Although, technically, we put 35% down that my wife was gifted from her deceased grandmother and borrowed the rest.
For net worth calculation, I woulda just rolled that into house equity....I'm not sitting on 100 acres.
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110%er [8885]
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Re: Lunger Net Worth
Nov 22, 2021, 11:45 AM
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$1,363,000
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Hall of Famer [23963]
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Re: Lunger Net Worth
Nov 22, 2021, 11:47 AM
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Zero - I don't have any goals
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All-In [43576]
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Eh, I'd reply but the number would be overwhelming to you
Nov 22, 2021, 12:07 PM
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all.
Pesos go a LOOOOOONG ways when back in the homeland.
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50
