Wealthometer – How This Monkey Measures Up

So I was checking on my Twitter feed and noticed this post from @BudgetsAreSexy (J. Money):

Naturally, I had to go and check this ‘Wealthometer’ out. So I did. And here are the results:

Wealthometer

And to my surprise, I actually over-estimated where I fall in my wealth comparison. I wagered I was in the 75th percentile where I actually fall into the 70th percentile.

On the other hand, not too bummed. I definitely consider myself well on the side of fortunate.

After playing with the numbers a bit as I often do, I could magically be on the upside of the 80th percentile if my mortgage were paid off. No big deal, right?

Enough about me. How do you measure up?

4 Responses

  1. Hey,
    It seems owning 1 piece of real estate (with a mortgage) and having just a $20k investment portfolio puts me at 83% on the wealthometer. I certainly would’ve expected to be much much lower. It’s not uncommon for individuals in my area to have 1-2 personal homes + a vacation condo. I can only imagine how they would stack up on the wealthometer. Then again they probably have 3 mortgages and aren’t retiring until 65.
    Cheers,
    -Rich
    Redeemed Finance recently posted…Overtime or BustMy Profile

    1. Rich,

      Strange. I too have one piece of real estate, a mortgage and also have over $100k in cash/investments, yet I’m in the 70th percentile. Maybe I’ll have to try it again.

      Or maybe you owe less than I do on your home. In which case, great work. :)

      FM

      1. Hey,
        350k total assets (2 family house)
        20k in checking/savings
        180k mortgage
        1 household member

        In case you were wondering, I think the “1” household member is what may be skewing the graph in my favor.

        Thanks for stopping by RF also.
        -Rich
        Redeemed Finance recently posted…Overtime or BustMy Profile

        1. Rich,

          Ahhh, yes. That explains it. Much better situation financially. And yeah, in the end I think my “5” divisor got me. I should try it with different number just for the heck of it.

          FM

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