Ask HN: What's your net worth?
43 comments
Sorry, but this is off-topic and I'm going to close this thread.
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germany. 29. studied physics/math, played poker for 6 years, run 3 SaaS. do consulting at 300/hour.
3 days ago ive decided to invest in real estate since thats the only market that the robots cant take away from us. the luxury living spaces of 2035 wont look significantly different from those of 2015. in terms of location.
a super conservative projection of the real estate thing will lead to acquiring property worth 500k a year, producing 100k ARR, with the option of turning it into a REIT.
^ as in after year 1, i own 1/30th of 500k and make 100k
after year 2, i own 2/30th of 500k and 1/30th of another 500k and make 200k etc.
the projection does not reinvest the ARR. if you reinvest, things move faster. thinking about the real estate game in SaaS terms sounds reasonably reasonable at the moment. i'm still talking to a lot of people in know in the business, but im going to make my first purchase this summer.
net worth today: ~350k
last year: 10k
the year before: tree fiddy?
hockeystick is about to kick in.
edit: im not saying that robots cant invest more efficiently in real estate. they clearly can, and i have my own software. but an algorithm can never purchase all the real estate that is valuable and then destroy the margins, like it would on the stock market. if you own a valuable piece of land, it doesnt lose its value because some AI is speculating on the lot next to it.
3 days ago ive decided to invest in real estate since thats the only market that the robots cant take away from us. the luxury living spaces of 2035 wont look significantly different from those of 2015. in terms of location.
a super conservative projection of the real estate thing will lead to acquiring property worth 500k a year, producing 100k ARR, with the option of turning it into a REIT.
^ as in after year 1, i own 1/30th of 500k and make 100k
after year 2, i own 2/30th of 500k and 1/30th of another 500k and make 200k etc.
the projection does not reinvest the ARR. if you reinvest, things move faster. thinking about the real estate game in SaaS terms sounds reasonably reasonable at the moment. i'm still talking to a lot of people in know in the business, but im going to make my first purchase this summer.
net worth today: ~350k
last year: 10k
the year before: tree fiddy?
hockeystick is about to kick in.
edit: im not saying that robots cant invest more efficiently in real estate. they clearly can, and i have my own software. but an algorithm can never purchase all the real estate that is valuable and then destroy the margins, like it would on the stock market. if you own a valuable piece of land, it doesnt lose its value because some AI is speculating on the lot next to it.
Hey, I'm interested in the poker part. My best friends make a living with poker and I know the world of poker pretty good. How did you make the money, online/live and tournaments/cash/sit&go?
Nice stats btw, keep it like this, it looks like you have pretty much everything figured out.
Nice stats btw, keep it like this, it looks like you have pretty much everything figured out.
How did you get from 10k to 350k in one year? Was it the SaaS products + consulting ?
How did you earn about 650k before taxes and social security in Germany in one year?
Very cool. What do you consult on?
Considering student loans, about -45,000.00 USD
- how old are you?
40
- what do/did you do?
I work in an Amazon fulfillment center, saving up money because I live with my extended family so that eventually I can afford a meager apartment and have a bit of an emergency cushion while I barely pay down my business application programming and graphic design degrees before the IRS decides to just send a guy for my kidneys.
Jokes on them, since they'll be well past their sell-by date by then.
- where are you from?
America, where freedom isn't free.
- how old are you?
40
- what do/did you do?
I work in an Amazon fulfillment center, saving up money because I live with my extended family so that eventually I can afford a meager apartment and have a bit of an emergency cushion while I barely pay down my business application programming and graphic design degrees before the IRS decides to just send a guy for my kidneys.
Jokes on them, since they'll be well past their sell-by date by then.
- where are you from?
America, where freedom isn't free.
Genuinely curious, are there other countries where you think your life would have been better? I imagine it might be the Nordic ones, maybe the whole EU in your opinion?
My life is not that bad, all things considered. I would have preferred to not go into as much debt trying to improve my career prospects, but I did so knowing that was a calculated risk. And who knows, things might still work out.
I think any modern country besides the US would have been better in that regard. Education and healthcare are two things I would gladly pay more taxes for.
I think any modern country besides the US would have been better in that regard. Education and healthcare are two things I would gladly pay more taxes for.
Around 200€.
If you ask me, it feels bad not being able to afford some basic stuff but then it is also super rewarding when you make some money. I am in my last year of my university degree but don't live at home, and my income comes from side projects and some programming jobs I do for others. (I don't pay for university, otherwise nothing would be viable).
If you ask me, it feels bad not being able to afford some basic stuff but then it is also super rewarding when you make some money. I am in my last year of my university degree but don't live at home, and my income comes from side projects and some programming jobs I do for others. (I don't pay for university, otherwise nothing would be viable).
600k (USD) in gold. The only currency that survived 1000 years. You can't print out gold so no matter what the FED does, it won't disappear anytime soon. I'm a Software Engineer in my 30's.
I have always found raking gold as taking things to the logical extreme. Even if assume that the capitalist economy is precarious, imagining USD becoming useless is an impossible scenario. When that happens, the whole world would be in utter chaos—far more problems than what having Gold will solve.
Assuming the USD is running the world, yes, it would be the end. But it's not the case. Lehman brothers was 158 years old when it disapeared in 2008 in a blink of an eye. You should never say never.
Gold survived the last 1000 years, it's the safest asset you can own in life.
Gold survived the last 1000 years, it's the safest asset you can own in life.
Unlikely but they could outlaw it again
https://en.m.wikipedia.org/wiki/Gold_Reserve_Act
https://en.m.wikipedia.org/wiki/Gold_Reserve_Act
In the US... what if you own gold outside of the US?
Nice.
How did that happen?
How did that happen?
I've been buying gold over the years, converting any piece of paper I have into gold.
I see. I was curious what elegant ways you were going about getting the pieces of paper :)
28 years. I have no debt and own no property so in my case calculating net worth is easy. Just look at how much money is in my bank account.
$103275.00
$103275.00
Do you rent your computer/phone?
Around $1 million USD, mostly real estate, $150k cash and index funds. Only mortgage debt (around $340k).
Could have been a lot higher if I didn’t spend my 20s blowing a lot of money, and traveling a lot, learn from my mistakes young folks!
Age 37, in Auckland, New Zealand, currently work as product manager, was software engineer / architect before.
Could have been a lot higher if I didn’t spend my 20s blowing a lot of money, and traveling a lot, learn from my mistakes young folks!
Age 37, in Auckland, New Zealand, currently work as product manager, was software engineer / architect before.
Why do you regret and consider traveling and spending money at young age a mistake? I mean you have around $1 mln, that is much bette than most people at your age.
I’d count a small fraction of those experiences valuable and worthwhile. Basically a very expensive, time-consuming lesson in what matters :)
For those who live in the US, don't forget that the net worth in real estate is after real estate agent fee, property gain tax, etc. Same goes for stocks and any other pre-tax assets.
34 year sold, SE in Los Angeles. ~650k USD
320k in equity in CA real estate (condo I live in).
320k (ish) split between mutual funds/stock/cash.
Saved enough money in my twenties by only living with friends and renting a room until I could buy RE in 2009. Spent a lot of time trying to decide on the right property to buy. Worked hard improving technical skills and negotiated aggressively in the last few years now that I have enough experience.
320k in equity in CA real estate (condo I live in).
320k (ish) split between mutual funds/stock/cash.
Saved enough money in my twenties by only living with friends and renting a room until I could buy RE in 2009. Spent a lot of time trying to decide on the right property to buy. Worked hard improving technical skills and negotiated aggressively in the last few years now that I have enough experience.
34, software developer, India.
Me and my wife, own three houses, worth at least 200k in current downmarket, i would estimate. Have other long term investments of around 20k in equity markets, around 25k in cash and a mortage of around 25k. Annual salary around 65k before taxes.
Real estate is down currently in India, I feel i have locked up all my wealth there. Now saving funds to finance further studies in near future.
Real estate is down currently in India, I feel i have locked up all my wealth there. Now saving funds to finance further studies in near future.
- 29
- Tech consulting
- dallas, tx
- negative as fuck (-$47k student loans, -$40k credit card debt, -$30k car loans, +$55k 401k, no house, no artwork)
Could be worse
- Tech consulting
- dallas, tx
- negative as fuck (-$47k student loans, -$40k credit card debt, -$30k car loans, +$55k 401k, no house, no artwork)
Could be worse
[deleted]
Around 11k.
22 yo.
Bug bounty hunter. Bitcoins since they were in the single digits. Can't say I'm happy..
Spain.
22 yo.
Bug bounty hunter. Bitcoins since they were in the single digits. Can't say I'm happy..
Spain.
- 31, 2.55M USD in bank account. Very little personal possessions.
- Automated everything
- United Kingdom
- Automated everything
- United Kingdom
student + truck loans, about -30k
28
product designer focused on fintech
from DC, in seattle via NY and the bay
28
product designer focused on fintech
from DC, in seattle via NY and the bay
1 Billioni dollares
18 yo
nothing
Brasil
18 yo
nothing
Brasil
$15M / 35 years old / france
I was an early bitcoin miner. I sold a bunch of coins over the years, but still holds a significant stash of them. None of the numerous bubbles and crashes scared me. $30 down to $2, $260 down to $50, $1200 down to $200. Meh I have seen it all. I have been a huge believer in bitcoin since the beginning. Today 85% of my wealth is still in bitcoin, 5% in alts, and 10% in index funds and real estate. Before that I was a software engineer. Materialistically my life hasn't changed much. Ok I paid off the mortgage on the house, bought a nice car, some gadgets. But that's it. However mentally my life has changed a lot. I quit my job and spend time with family, traveling... Now I'm an entrepreneur working on scratch-my-itch project ideas.
I was an early bitcoin miner. I sold a bunch of coins over the years, but still holds a significant stash of them. None of the numerous bubbles and crashes scared me. $30 down to $2, $260 down to $50, $1200 down to $200. Meh I have seen it all. I have been a huge believer in bitcoin since the beginning. Today 85% of my wealth is still in bitcoin, 5% in alts, and 10% in index funds and real estate. Before that I was a software engineer. Materialistically my life hasn't changed much. Ok I paid off the mortgage on the house, bought a nice car, some gadgets. But that's it. However mentally my life has changed a lot. I quit my job and spend time with family, traveling... Now I'm an entrepreneur working on scratch-my-itch project ideas.
- how old are you?
- what do/did you do?
- where are you from?