So I was checking on my Twitter feed and noticed this post from @BudgetsAreSexy (J. Money):
Bored? See where you stand compared to others: http://t.co/Np9xNA2qZ1
— J. Money (@BudgetsAreSexy) June 19, 2015
Naturally, I had to go and check this ‘Wealthometer’ out. So I did. And here are the results:
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?
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 Bust
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
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 Bust
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