For those of you that track net worth. What was your increase year over year as a percentage of your income? How much of the increase was gains/savings?

likefunny
Posting as :
works at
You are currently posting as works at

300% ish the past 2 years. I own several properties

likeuplifting

“Percent increase of your net worth” as a percent of your income

IE: if the above poster had a $100k salary and had a NW increase of $300k, that’s how the 300% is calculated (if I’m understanding the original question correctly).

Could also be multiple properties going up a smaller amount to come to the high % increase number. Nobody said 300% increase had to be from a single property.

YoY total net worth increase as a % of current household income? Thats a weird and might I say useless statistic. Did you mean savings rate YoY as a percent of gross or net household income? Those two things are not the same......

like

It’s a nice pivot identifier from when your investments outstrip earnings. Becomes a huge relief

Increase in net worth equals savings plus net asset returns. The former is useful to calculate as a % of income (savings rate). The latter is not because it scales with assets.

Related Posts

Have you calculated how much total tax you pay each year? Last year I made $185K and paid $68.5K in total taxes, which includes federal income and payroll taxes (social security and Medicare) and state income tax. 37% of net income went to taxes. How much in taxes are people paying?

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

Hi Fishes,
Can anyone please help me in calculating in-hand salary?
I have 1.5lac investment under 80C
and 96k for house rent

Post Photo
like

I’ll be honest, I’m a relatively new advisor and I think I may have triggered a large tax bill for a client. I’m not seeing a lot of option in terms of realizing unrealized losses in their account.

like

Best way to buy alts on Binance? Transfer LTC from Coinbase? Need some guidance here...

If I make 80k a year in Chicago how much should I be spending on rent?

like

Hello Excel Genius!
How do I calculate the monthly average of items returned and credit return by each division in a year?
Thank you!

like

🐠💁🏻 with 💁🏻‍♂️SO. I don't have student loans and he does, so I offer to chip in more for shared stuff - but how do I approach it such that it won't be taken like I'm "better" than him?

like

Feel like I have too much invested in the market and want to sell some holdings to limit exposure. Suggestions on which stocks/ETFs I should look to sell? Will keep capital gains/dips in mind.

Post Photo
like

My husband recently joined Deloitte at Manager level. Filling out his compliance stuff he saw that Alight is a restricted broker, and Alight is who administers my 401k plan at my current employer. Restrictions at Deloitte apply to both the employee and the spouse.
Does this mean I can’t participate in 401k match and need to divest existing contributions? Anyone else in this situation and have any advice for me? Can it really be true that because my spouse took a new job that I cant do 401k?

like

What is the best place to look for a house or condo to rent in the DC area?

like

Does HSA money count towards my deductible ? Because….

It’s not counting right now 👀

like

Welcome everyone! I’m so happy this is being utilized. A little background on me, I got my Bachelor’s when I was 20 and immediately went into both Child & Adult Protection careers. I then worked as a crisis counselor and a behavioral health specialist, and now I’m 26 at Monroe Plan for Medical Care working on expanding our Health Home Program into a new county where I’m our only employee!! My goals are to grow financially so that I can give back to our underserved populations even more.

like

Was on a call and crypto reporting came up - you should add your wallet as a deposit relationship and any coins in the matters to be reported.

like

I’m seeing lots of posts about really bad losses. If you trade you’re going to lose money - hopefully not all the time, but many positions will be mistakes. But you need a process to find ideas and manage positions. Two books you should read are “The New Trading for a Livinng” and “The Laws of Trading.” Both look at psychology, process, and risk in different ways that can help you work out your own process. The next 18 months will be much harder than the last 18 - time to start learning.

likehelpful

Hey guys anyone living in Abu Dhabi, can you please tell approx cost for 2 living in a 1 bhk apartment?? Is 8k aed sufficient for monthly expense?

In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

like

Just heard that property prices are soaring in Florida, the news reported that mortgage rates are doubling. Meanwhile I’m over here in semi-rural Iowa, wondering if I will ever make a sale again…

like

Bitcoin cash 9,5k 😱

like

Anyone use robo-advisors for investing? Trying to see if there are any that offer trade by trade consent due to independence requirements. Also not sure if they are worth the fee they charge.

like

More Posts

Is there any refferal open for the post arise at genpact of manager- accounts payable

Best way to think about/compare firms in the growth equity landscape? Incumbents like Insight, TCV, etc. and then newer players like ICONIQ, CapitalG, etc.? Who is best positioned right now?

like

Capgemini is giving me 10LPA and Yash Technology is offering me 13LPA+1LPA Bonus .
Which one should I join.
Please help

like

Working on a post to see if I can get picked up in here. Wish me luck.

funnylike

Question ref travel - I recently switched employer and have the visa from old employer still valid. Can I travel with that? and just carry my new approved 1-797? Thanks in advance!

Starting at a new company Monday as a Commercial Contracts Counsel. 1 year of experience/out of law school. Any advice/tips for this newbie on how to transition well into a new industry and hit the ground running/make a good impression?

like

Any recruiter in search of a Scrum Master 🙂

like

Hi all, i am selected in Infosys and offer got released and everything is finalized. Now from Infosys bg practice they asked for "Abbreviation for initial" i just reverted back to them... Will this be an issue in joining... Won't this BGV completed before releasing the offer letter.. is there any phone number i can speak to them or will I get any updates after successful completion of BGV... Need your inputs on this.. TIA..

like

Do you take the current economy into consideration when receiving job offers? For example you receive a good offer from a company like Meta/TikTok but are hesitant because they could be laying off soon or rescind an offer versus a lower offer at a more traditional and stable company that tends to be less reactionary with regards to layoffs? Not my current scenario but just curious. I would like to make a move from current employer but this economy has me spooked.

like
like

Welp got a raise for the first time in 3 years…..$.40 yes there is a decimal…40 cents. 😐

likefunny

Can someone in public accounting (preferably a big 4) share what the salary ranges are for the first 10 years?

like
like

Slalom vs start up - and go!

like

Serious question, when does deloitte do annual reviews and promotions?

like

Hi Guys, Could anyone please help me clarify if band 5 is greater or band 7 in HSBC? Because with Band 7 the role is Change Manager and with Band 5 it says Analyst. And I am a bit confused.

like

Interviewing for a CCOR VP role in Tampa, FL. Was hoping someone would be familiar with the salary ranges. Thanks!

like

Any tips for finding a job in a new city? I currently live in San Diego but moving to Boston end of July.

Hiring managers/recruiters: Does my current location on my resume affect the probability of getting an interview? How can I stand out from the local candidate pool?

like

Are there any entreprenuers in this group?

Additional Posts in Personal Investment Chatter

Looking to buy a car around NYC/NJ area? Anyone been in the market for cars recently and can suggest good car deals or sites? Also looking for EV or hybrid cars so please recommend any brands (besides exorbitant Tesla) - thanks!

like

WSJ or Bloomberg?

like

Are we allowed to trade crypto on TD Ameritrade?

like

What are some moderately aggressive ETFs/mutual funds? New to investing and bought some safe ETFs: VOO and ARKK to start with. Looking for some more guidance.

like

Currently have $600k in the stock market (growth stocks mostly), $20k in Roth IRA, $50k in cash, and $25k in crypto. Where else should I be investing my money? (I’m 27).

like

Is there an ETF bubble? We are all blindly putting money into index funds that I assume produce demand for large cap companies despite their performance.

Not sure how all this works in detail though.

like

Going back and forth on selling my current home. I received a pre-approval for a single family primary residence for $400k with $100k for down payment and closing. My mortgage would be around $2500 a month with a conventional loan. The $100k will come from my house currently being sold. I can afford the payment just need to know is the monthly mortgage payment typical for a home in today’s market.

like

200k cash. What's the best autopilot mid-risk lump sum investment option?

like

If I move from TX (no state income tax) to NC, can I leave my savings account and brokerage address as TX (to not pay tax on interest and dividends) and update credit card accounts address to NC? Or..

like

Bought into GME! Let the short squeeze continue!

likehelpful

I have a 529 open for my child. I max my contribution to his 529.
Couple questions
- can I use money from that 529 where my child is the primary beneficiary.
- can I open another 529 for me and Max out the contribution there as well?

like

What are your favorite personal finance, investment or similar type podcasts to listen to?!

like

Would you refinance mortgage in this situation? Current rate 3.25% 30 yr. New rate 2.625% 15 yr. Interest savings of $257/month. Closing cost of $4300, so 17 months to break even. Long term home.

like

What platform do you guys use to invest in fractional shares? Motif, Stockpile etc

Thanks

like

I (thankfully) have no debts. No student loans, no car / mortgage, etc. I pay my cc bill every month and already have a pretty high credit limit. My score is ~750 but I can’t get it any higher. Tips?

like