A recent CU Forum Net worth poll

TopographicOceans

Now that a lot of dealers report they are pulling in $200k+ income a year, where are they getting it from? Other dealers or collectors?

Vote your net worth anonymously in the poll without posting it in a reply message.

Net Worth = Assets – Liabilities. What you own less what you owe.

Here is a good breakdown of net worth by age

Money magazine reports the average net worth in the US is $301,000 but the median adult networth is $45,000
Net woth by country
That means the top 1% of the country has most of the wealth

A recent poll showed the CU Forum members replied
Collectors Only – What is your net worth?
Vote your net worth anonymously in the poll without posting it in a reply message. Net Worth = Assets – Liabilities. What you own less what you owe.
Total Votes: 65


Less than zero - but I still collect coins
11 (votes) 16.92 (%)
$0 - $9.999
1 (votes) 1.54 (%)
$10,000 - $19,999
2 (votes) 3.08 (%)
$20,000 - $29,999
2 (votes) 3.08 (%)
$30,000 - $39,999
0 (votes) 0.00 (%)
$40,000 - $49,999
2 (votes) 3.08 (%)
$50,000 - $74,999
1 (votes) 1.54 (%)
$75,000 - $99,999
1 (votes) 1.54 (%)
$100,000 - $149,999
1 (votes) 1.54 (%)
$150,000 - $249,999
3 (votes) 4.62 (%)
$250,000 - $499,999
7 (votes) 10.77 (%)
$500,000 - $749,999
4 (votes) 6.15 (%)
$750,000 - $999,999
2 (votes) 3.08 (%)
Baby millionaire: $1,000,000 - $1,999,999
11 (votes) 16.92 (%)
Double millionaire: $2,000,000 - $2,999,999
2 (votes) 3.08 (%)
Multimillionaire: $3,000,000 - $4,999,999
5 (votes) 7.69 (%)
Rich: $5,000,000 + Dealer Feeder
6 (votes) 9.23 (%)
I’m a dealer – I’ll convert your cash to coins
4 (votes) 6.15 (%)
.

DUIGUY

My net worth,,,,,Faith,,,Hope,,,love,,,,little bit of beer money.
dats about it.

clarkbar04

Where's the "worthless" button?

Booger9989

As long as I keep moving up the ladder that is all that matters!

Onedollarnohollar

Buddy, can you spare a dime?

winky

<< <i>My net worth,,,,,Faith,,,Hope,,,love,,,,little bit of beer money.
dats about it.

>>


I like that and also the Worthless message someone said.

TigersFan2

I think it would have been a more relevant question to ask what the value is of our collection.

PTVETTER

BROKE

keyman64

I have a couple of kids. People tell me they're worth something.
Maintenance on them sure is expensive though.

Broadstruck

TopographicOceans since your third question I'm sure is not far off let me answer now.... Sometimes I wear boxers and other times briefs

gonzer

<< <i>TopographicOceans since your third question I'm sure is not far off let me answer now.... Sometimes I wear boxers and other times briefs >>



BS, you got that all wrong. I'm guessing it'll inquire as to your credit card numbers and is the design floral or not.

Musky1011

DEBT FREE and LOVING IT

csdot

I love it! Having $1M to >$2M is considered a "Baby Millionaire" now. Sadly, I have to agree, because it in not enough to retire on in 2015. At one time $1M was a LOT of money, but not anymore. Now you can barely retire with a lower middle income lifestyle if you have $1M. Think about it. You have a paid for $300,000 house, and $700,000 worth of investments kicking out 5% (10% in a good year) so you live on the pretax $35,000 - $70,000 per year. If you are under 65 and not disabled, you get to fork over up to 1/3rd of that pretax amount (or $12,000) to Obamacare. If you are 65, you'll get Medicare and an extra $1,000 - $2,000 per month for SS.

Inflation sucks! You really need more than $2M if you want any chance at a decent middle class retirement.

TopographicOceans

<< <i>I love it! Having $1M to >$2M is considered a "Baby Millionaire" now. Sadly, I have to agree, because it in not enough to retire on in 2015. At one time $1M was a LOT of money, but not anymore. Now you can barely retire with a lower middle income lifestyle if you have $1M. Think about it. You have a paid for $300,000 house, and $700,000 worth of investments kicking out 5% (10% in a good year) so you live on the pretax $35,000 - $70,000 per year. If you are under 65 and not disabled, you get to fork over up to 1/3rd of that pretax amount (or $12,000) to Obamacare. If you are 65, you'll get Medicare and an extra $1,000 - $2,000 per month for SS.

Inflation sucks! You really need more than $2M if you want any chance at a decent middle class retirement. >>



Millionaires can no longer afford to live like a millionaire.

lkeigwin

<< <i>DEBT FREE and LOVING IT >>

Ditto. I hate debt.
Lance.

pennyannie

I am a baby millionaire in a broken down 52 year old body.

Coin Finder

Averages have not worked for me. Take the ave temp in your city.....what it the temp right now in this moment? .... Well, Averages do not tell you what is happening now. "Now" is all there is....Everything....everything that has ever happened to you....everything has happened in the now....In this moment, that is all there is folks.....

GRANDAM

The US Army has the correct answer to this question..................

"Don't ask,,,,,, don't tell"

GrandAm

lordmarcovan

I have no idea, and suspect I'd be embarrassed if I knew.

Frankly, I'd be happy if it were any positive number.

Not so sure it is.

ricko

Happy days are here and I am loving life...... Cheers, RickO

PerryHall

<< <i>I have no idea, and suspect I'd be embarrassed if I knew.

Frankly, I'd be happy if it were any positive number.

Not so sure it is. >>



Being wealthy is over rated. Quality of life is far more important. I know some people who are well off and who are unhappy if not miserable. You sound like you are happy with your life and thoroughly enjoy your family and hobbies which is really what matters.

DoubleEagle59

I'm 56, and my net worth isn't that much, but during our good weather here in Canada, I'm golfing everyday between April to October, so I definitely have to agree with the previous poster who said "it's not about the money, but rather, it's about your quality of life that's important".

TwoSides2aCoin

+1 for probable counting methodology

GotTheBug

.

Christos

4 male children, 1 wife and school loans house payments cars etc... This most likely = a severe negative net worth money wise but life wise I am rich beyond compare.

lordmarcovan

<< <i>

<< <i>I have no idea, and suspect I'd be embarrassed if I knew.

Frankly, I'd be happy if it were any positive number.

Not so sure it is. >>



Being wealthy is over rated. Quality of life is far more important. I know some people who are well off and who are unhappy if not miserable. You sound like you are happy with your life and thoroughly enjoy your family and hobbies which is really what matters. >>



Thanks for that.

And truer words could not have been said.

guitarwes

You're rich LordM..........you have us!

ctf_error_coins

Money is way down on my list.

Family comes first.

Then fun, and a heck of a lot of it.

When your having fun all the time, its hard to look at money as the goal.

My goal is life experiences ...... and teaching my children to live life to it's fullest ...