2014 networth poll

[Kraven]

These polls are essentially financial porn. For rich members they give them a sense of satisfaction and pride, perhaps something to feed the ego a bit. For more aspiring members it's like a look behind the curtain to see what goes on on the other side. It's the board equivalent of reading People magazine to see which Hollywood star has the best beach body for summer or seeing pictures of Brangelina and their troop of kids as they jet set around the world. There is nothing wrong with any of this, but it should be called what it is.

[Parsad]

These polls are essentially financial porn. For rich members they give them a sense of satisfaction and pride, perhaps something to feed the ego a bit. For more aspiring members it's like a look behind the curtain to see what goes on on the other side. It's the board equivalent of reading People magazine to see which Hollywood star has the best beach body for summer or seeing pictures of Brangelina and their troop of kids as they jet set around the world. There is nothing wrong with any of this, but it should be called what it is.

 

Porn!  Kraven, I don't think any of us here have any desire to see Ericopoly, Twcowfca, Indirectinvestor or Packer naked!  You might want to know how BIG their net worth is, but the rest of us just aren't interested.  What you do on your computer in the privacy of your own home is your business.  Cheers!  ;D 

[jschembs]

rkbabang,

 

Nice little cottage you have there.

 

Thanks that's just the vacation home in Germany.  I spend a week there every few years.  I almost forgot I owned it.  I'm so unorganized I had to dig around the house to find the hope diamond to take a picture of it.  It was under the couch cushion.

 

Man, the next time you are in my neighbourhood give me a call.

 

Where in Germany are you? I have a family reunion south of Frankfurt next June...

[giofranchi]

Most of us value invest not for the proceeds but because we love the process......There is something more important though that is happening here. The question "Do I have enough?"

 

I value invest not because I love the process but because I love the results.  I value invest because I'm competitive and value investing is the best, easiest process for me to use to produce above-average results. 

 

In terms of the question "Do I have enough"...I would interpret this similarly to how I would expect Buffett would.  I will keep my competitive drive for more long after recognizing that I have enough.  For me having enough is only part of it.  I want to do the best I possibly can and earn the most I possibly can, and see how well I can do.  I will probably end up donating much of it in the end of life (similar to Buffett), but I still have a competitive drive to see how well I can do in the interim...And viewing the results of a NW poll is part of measuring how well I am doing so far.

 

Well, not everyone can be as competitive and successful as you are…

I started my company 10 years ago with $25k. Through savings, investments results, and operating earnings, my firm’s equity right now is worth $2.38 million. I am 37 years old.

How would you judge me?… I tell you: just an average guy! That’s the plain truth. Period.

But I guess most people are in my situation (that's the definition of "average guy" after all, isn't it?! :) )… though we cannot boast great achievements… we can certainly enjoy what we do on a daily basis, and we can try to get better and better at it…

And you know what? I don’t envy all the multi-millionaires out there, precisely because I tap-dance to work each morning: any cure for envy that truly works shouldn’t be overlooked! ;)

 

Gio

 

[Uccmal]

These polls are essentially financial porn. For rich members they give them a sense of satisfaction and pride, perhaps something to feed the ego a bit. For more aspiring members it's like a look behind the curtain to see what goes on on the other side. It's the board equivalent of reading People magazine to see which Hollywood star has the best beach body for summer or seeing pictures of Brangelina and their troop of kids as they jet set around the world. There is nothing wrong with any of this, but it should be called what it is.

 

Porn!  Kraven, I don't think any of us here have any desire to see Ericopoly, Twcowfca, Indirectinvestor or Packer naked!  You might want to know how BIG their net worth is, but the rest of us just aren't interested.  What you do on your computer in the privacy of your own home is your business.  Cheers!  ;D 

 

I would like to see Packer and Sanj. naked, while singing a duet.....

 

Guess, I'll have to wait until april 2015, patience young grasshopper, patience.

[Kraven]

These polls are essentially financial porn. For rich members they give them a sense of satisfaction and pride, perhaps something to feed the ego a bit. For more aspiring members it's like a look behind the curtain to see what goes on on the other side. It's the board equivalent of reading People magazine to see which Hollywood star has the best beach body for summer or seeing pictures of Brangelina and their troop of kids as they jet set around the world. There is nothing wrong with any of this, but it should be called what it is.

 

Porn!  Kraven, I don't think any of us here have any desire to see Ericopoly, Twcowfca, Indirectinvestor or Packer naked!  You might want to know how BIG their net worth is, but the rest of us just aren't interested.  What you do on your computer in the privacy of your own home is your business.  Cheers!  ;D 

 

I would like to see Packer and Sanj. naked, while singing a duet.....

 

Guess, I'll have to wait until april 2015, patience young grasshopper, patience.

 

NTTAWWT

[stahleyp]

Goo, you should have no problems with the ladies. ;)

[Uccmal]

 

 

NTTAWWT

 

What the heck is NTTAWWT?

[Kraven]

 

 

NTTAWWT

 

What the heck is NTTAWWT?

 

Not that there's anything wrong with that - Seinfeld.

[Uccmal]

 

 

NTTAWWT

 

What the heck is NTTAWWT?

 

Not that there's anything wrong with that - Seinfeld.

 

Lol,  :P; that's great. 

[turar]

Maybe all the people with tens of millions are too busy swimming in their money Scrooge McDuck style to post.

 

http://www.nerdspan.com/wp-content/uploads/2013/03/Scrooge-Porpoise.jpg

This always bothered me. If a regular person swims in coins like that, they would look like one of these people on those 'wear a seatbelt' posters.

 

https://www.youtube.com/watch?v=_1v_EcjeIkg

[Parsad]

These polls are essentially financial porn. For rich members they give them a sense of satisfaction and pride, perhaps something to feed the ego a bit. For more aspiring members it's like a look behind the curtain to see what goes on on the other side. It's the board equivalent of reading People magazine to see which Hollywood star has the best beach body for summer or seeing pictures of Brangelina and their troop of kids as they jet set around the world. There is nothing wrong with any of this, but it should be called what it is.

 

Porn!  Kraven, I don't think any of us here have any desire to see Ericopoly, Twcowfca, Indirectinvestor or Packer naked!  You might want to know how BIG their net worth is, but the rest of us just aren't interested.  What you do on your computer in the privacy of your own home is your business.  Cheers!  ;D 

 

I would like to see Packer and Sanj. naked, while singing a duet.....

 

Guess, I'll have to wait until april 2015, patience young grasshopper, patience.

 

I think we'd both have to be REALLY hammered for that to happen.  I'll bring a few cases of Russell beer to the dinner next year!  ;D  Cheers!

[constructive]

Well, not everyone can be as competitive and successful as you are…

I started my company 10 years ago with $25k. Through savings, investments results, and operating earnings, my firm’s equity right now is worth $2.38 million. I am 37 years old.

How would you judge me?… I tell you: just an average guy! That’s the plain truth. Period.

But I guess most people are in my situation (that's the definition of "average guy" after all, isn't it?! :) )… though we cannot boast great achievements… we can certainly enjoy what we do on a daily basis, and we can try to get better and better at it…

And you know what? I don’t envy all the multi-millionaires out there, precisely because I tap-dance to work each morning: any cure for envy that truly works shouldn’t be overlooked! ;)

 

Gio

 

Gio, if I was half as successful as you, I wouldn't be half as modest.  :)  Building a business as you have is very impressive, not only financially but also in terms of personal teamwork & leadership.

 

Cheers!

[Andy Dufresne]

Most of us value invest not for the proceeds but because we love the process......There is something more important though that is happening here. The question "Do I have enough?"

 

I value invest not because I love the process but because I love the results.  I value invest because I'm competitive and value investing is the best, easiest process for me to use to produce above-average results. 

 

In terms of the question "Do I have enough"...I would interpret this similarly to how I would expect Buffett would.  I will keep my competitive drive for more long after recognizing that I have enough.  For me having enough is only part of it.  I want to do the best I possibly can and earn the most I possibly can, and see how well I can do.  I will probably end up donating much of it in the end of life (similar to Buffett), but I still have a competitive drive to see how well I can do in the interim...And viewing the results of a NW poll is part of measuring how well I am doing so far.

 

Well, not everyone can be as competitive and successful as you are…

I started my company 10 years ago with $25k. Through savings, investments results, and operating earnings, my firm’s equity right now is worth $2.38 million. I am 37 years old.

How would you judge me?… I tell you: just an average guy! That’s the plain truth. Period.

But I guess most people are in my situation (that's the definition of "average guy" after all, isn't it?! :) )… though we cannot boast great achievements… we can certainly enjoy what we do on a daily basis, and we can try to get better and better at it…

And you know what? I don’t envy all the multi-millionaires out there, precisely because I tap-dance to work each morning: any cure for envy that truly works shouldn’t be overlooked! ;)

 

Gio

 

Poca favilla gran fiamma seconda  .... (tr. A mighty flame followeth a tiny spark)

 

Forza Gio!

[bmichaud]

For Heaven's sake - this poll + the SPX going vertical today....hmmm.....

[fareastwarriors]

For Heaven's sake - this poll + the SPX going vertical today....hmmm.....

 

 

It didn't push me down a bracket.... darn it...

[randomep]

Maybe all the people with tens of millions are too busy swimming in their money Scrooge McDuck style to post.

 

This always bothered me. If a regular person swims in coins like that, they would look like one of these people on those 'wear a seatbelt' posters.

 

wear a seatbelt poster?? I don't get it

[Guest ajc]

 

This is something I stumbled across the other day.

Until then, I hadn't realized that Seinfeld was still coming out with new material.

Also, it's free.

I guess his bargaining power has probably dropped off slightly since the 90's.

 

http://comediansincarsgettingcoffee.com/

 

 

 

[yadayada]

Maybe all the people with tens of millions are too busy swimming in their money Scrooge McDuck style to post.

 

This always bothered me. If a regular person swims in coins like that, they would look like one of these people on those 'wear a seatbelt' posters.

 

wear a seatbelt poster?? I don't get it

https://www.youtube.com/watch?v=vmp-dhCMgak

 

And yeah the part hwere ducks were talking and living in houses didnt bother me.

[kevin4u2]

I find it quite interesting that you misquoted me.  I never said, "There is something more important though that is happening here.  The question "Do I have enough?"". 

 

Sorry I should have been more clear.  When I refer to knowing what meets my "needs" I don't mean physical needs, I mean psychological needs.  That is why I went on to talk about happiness and self actualization and tap dancing to work.  Everyone's physical needs in North America have long been met.  I like what Dinesh D'Souza says about why Indians from India want to come to America... because even the poor people are fat. 

 

So we've long met base physiological needs, but have long failed at psychological needs (Belonging, Esteem).  That is why 4 out of every 10 people are on anti-depressants. 

 

Now as to your question of "Do I have enough?"  My question would be how much would be enough?  Why is the figure even important?  To me it is only important if you want validate yourself by some sort of external standard.  External validation will block anyone why tries to achieve a high level of self esteem.  That is why in Buffett's autobiography, The Snowball, it talks about how he operates by an internal scorecard.  This isn't just important for his investment process but why he is so happy in life.  He's happy because he validates himself internally. 

 

To quote Nathaniel Brandon from the Six Pillars of Self Esteem (a fabulous book), "If my aim is to prove I am "enough," the project goes on to infinity - because the battle was lost on the day I conceded the issue was debatable.  So it is always "one more" victory - one more promotion, one more sexual conquest, one more company, one more piece of jewelry, a larger house, a more expensive car, another award - yet the void within remains unfilled."

 

Most of us value invest not for the proceeds but because we love the process......There is something more important though that is happening here. The question "Do I have enough?"

 

I value invest not because I love the process but because I love the results.  I value invest because I'm competitive and value investing is the best, easiest process for me to use to produce above-average results. 

 

In terms of the question "Do I have enough"...I would interpret this similarly to how I would expect Buffett would.  I will keep my competitive drive for more long after recognizing that I have enough.  For me having enough is only part of it.  I want to do the best I possibly can and earn the most I possibly can, and see how well I can do.  I will probably end up donating much of it in the end of life (similar to Buffett), but I still have a competitive drive to see how well I can do in the interim...And viewing the results of a NW poll is part of measuring how well I am doing so far.

[matjone]

 

This is something I stumbled across the other day.

Until then, I hadn't realized that Seinfeld was still coming out with new material.

Also, it's free.

I guess his bargaining power has probably dropped off slightly since the 90's.

 

http://comediansincarsgettingcoffee.com/

 

I watched all these a few months back.    The two that I really liked were Michael Richards and Ricky Gervais.  Gervais' joke about Hitler's honeymoon was hilarious.

[giofranchi]

Gio, if I was half as successful as you, I wouldn't be half as modest.  :)  Building a business as you have is very impressive, not only financially but also in terms of personal teamwork & leadership.

 

Cheers!

 

Poca favilla gran fiamma seconda  .... (tr. A mighty flame followeth a tiny spark)

 

Forza Gio!

 

constructive & Andy Dufrense,

thank you very much for your kind words! :)

Until now, just a “poca favilla” with no “gran fiamma” in sight… But you never know, right?! ;D ;D ;D

 

Cheers,

 

Gio

 

[yadayada]

Gio, if I was half as successful as you, I wouldn't be half as modest.  :)  Building a business as you have is very impressive, not only financially but also in terms of personal teamwork & leadership.

 

Cheers!

 

Poca favilla gran fiamma seconda  .... (tr. A mighty flame followeth a tiny spark)

 

Forza Gio!

 

constructive & Andy Dufrense,

thank you very much for your kind words! :)

Until now, just a “poca favilla” with no “gran fiamma” in sight… But you never know, right?! ;D ;D ;D

 

Cheers,

 

Gio

just curious, what kind of business did you set up? Or what kind of industry if you dont want to be specific.

[giofranchi]

just curious, what kind of business did you set up? Or what kind of industry if you dont want to be specific.

 

Don’t mind at all! Why should I?! Wasn’t Ben Franklin who said “Be just and truthful to anyone, and don’t worry what people know or think about you”?... Anyway, something similar! ;)

I have nothing to hide. And therefore don’t bother to.

Actually, you find the link to both my operating companies (for profit education and civil engineering services) in my Forum Profile. Then I have a third company that gathers the free cash of the first two and invests it (or at least tries not to throw it away!! ;D ;D).

 

Gio

 

[Dhandowala]

Nassim Taleb proposes 'anti-wealth' as a true measure of satisfaction with your financial position.  It is the difference between what you have and how much you want.  It seems much more appropriate than any absolute measure.