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Poll, how old when you plan to hit $1MM - Page 2 - Beyond.ca - Car Forums

View Poll Results: Anticipate/actual age when you hit $1MM

Voters
166. You may not vote on this poll
  • 25 yrs old

    9 5.42%
  • 30 yrs old

    12 7.23%
  • 35 yrs old

    32 19.28%
  • 40 yrs old

    39 23.49%
  • 45 yrs old

    21 12.65%
  • 50 yrs old

    19 11.45%
  • 55 yrs old

    6 3.61%
  • 60 yrs old or never

    28 16.87%
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Thread: Poll, how old when you plan to hit $1MM

  1. #21
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    Yea a turf war between those who own houses and those who think renting is a get rich quick scheme
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  2. #22
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    Also a point of contention on this forum in the past is whether it's personal assets or combined with spouse.
    Originally posted by max_boost
    Hey baller, any problem money can solve is no problem at all. Don't sweat it.

  3. #23
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    there are no such thing as 'personal assets' when you're married.

    for those interested in FIRE, read http://www.mrmoneymustache.com/
    reading some of his stuff will change how you think. and if you're not into reading, he's got a sort of 'TED Talk' from a conference he spoke at: https://vimeo.com/183016901

  4. #24
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    Originally posted by timdog
    there are no such thing as 'personal assets' when you're married.
    Sure there is... but if you insist that there isn't, then should the threshold be $2MM for a married couple to participate in this measuring contest? or is it still $1MM?
    Originally posted by max_boost
    Hey baller, any problem money can solve is no problem at all. Don't sweat it.

  5. #25
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    Depends on how many dicks the couple has
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

  6. #26
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    Originally posted by Pacman
    Are you including house equity? There always seems to be a turf war on the financial forums. Some say the house should be included, others say it's strictly investible assets.
    If someone needs to make this distinction then they're not "rich". $500K house with no mortgage and $500 in liquid assets is by no means wealthy. $1 million house with no liquid assets you're in over your head.

    Home equity should be calculated into your overall net worth but financial freedom/"wealthiness" comes from having liquid/investment assets.

  7. #27
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    Originally posted by Strider


    Sure there is... but if you insist that there isn't, then should the threshold be $2MM for a married couple to participate in this measuring contest? or is it still $1MM?
    $1MM for a single person is not the same as $2MM for a couple. not even close. anyone that lives with their significant other knows that costs go down dramatically when you are partnered up. I'd argue it would be something like $1.3 to $1.5MM for a couple

  8. #28
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    lol probably never. If I do hit it, it wouldn't mean much either cuz inflation haha

    Unless I can somehow fake my death and collect my life insurance (500k) or pull a kphmph and win some sort of lotto haha

    I think 5 years ago I had an outside shot at it but it would have required me to be disciplined and sticking with my plan of heavy investing but I couldn't go through with it (too emotional of an investor) and the gf did a truly tremendous outstanding amazing job in shopping/spending lol

    These days im closer to 600 and with a shitty economy lol you guys tell me how to get the other 400 in a reasonable time frame lol all on black? Haha
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

  9. #29
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    I put the house and most of our other assets into my wife's name. Double whammy.

  10. #30
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    In terms of FIRE calculations, owning a house impacts the calculation by reducing your anticipated yearly needs; therefore reducing your "number". I liked the blog milliondollarjourney as it is Canadian and realistic. Aside from him living in the maritimes and the associated cheap housing. His goal was to hit it at 35 and he was successful. Now his goal is to get 60g a year in dividend as he is rapidly approaching that. It's a great blog (not as good these days) and its not as extreme or annoying as MMM. MMM has great info too (early blog days) but comes off so arrogant now that I cant stand it anymore.

    My networth took a hit because I bought my final home in 2014, so in my networth numbers for end of 2016 calc I took a 100g off purchase price for now.

    I take networth as a couple and my "number" is as a couple too.

  11. #31
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    Originally posted by NoPulp
    Whenever I find a rich wife.

  12. #32
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    ^^ Finally we agree on taste. I love her

    Way better than your crush on Arlene

    Back on topic: Likely 35, realistically. But the plan is 30 assuming things go 100% to plan, which is unlikely. But that's what the question asked :P
    Last edited by Disoblige; 02-02-2017 at 10:54 AM.

  13. #33
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    Originally posted by timdog


    $1MM for a single person is not the same as $2MM for a couple. not even close. anyone that lives with their significant other knows that costs go down dramatically when you are partnered up. I'd argue it would be something like $1.3 to $1.5MM for a couple
    I would disagree, I'm happy with one or two pieces of furniture and several derelict vehicles around the yard.

    She wants a fully furnished house and working vehicles so my expenses shot through the roof.

  14. #34
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    I was doing good until I had 2 kids, and now we have accident on the way too. Haha
    Would have been probably 40 but now it's likely to be 50. I don't really worry about money and if I'm going to have it in the future, I just keep plugging away with my savings and paying my house off as quick as I can.

  15. #35
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    Originally posted by J-hop


    I would disagree, I'm happy with one or two pieces of furniture and several derelict vehicles around the yard.

    She wants a fully furnished house and working vehicles so my expenses shot through the roof.
    But her expenses have been decreased, so your average is still down?

    But that's females for you, mine always tries to spend more than she makes... which really makes the $1mm mark even more impressive

  16. #36
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    Originally posted by max_boost
    I think 5 years ago I had an outside shot at it but it would have required me to be disciplined and sticking with my plan of heavy investing but I couldn't go through with it (too emotional of an investor) and the gf did a truly tremendous outstanding amazing job in shopping/spending lol
    Hobbies (cars/other fun shit), girlfriend/wife, and kids will drastically change your perspective and timing of attaining certain wealth haha

  17. #37
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    Originally posted by 88CRX


    Hobbies (cars/other fun shit), girlfriend/wife, and kids will drastically change your perspective and timing of attaining certain wealth haha
    Exactly lol and IMO cash flow is always king. I feel richer having money flowing in vs being stagnant but have 500k to 1mill in the bank. it's a psychological thing who knows.

    So with that said, life is about living. Vacations, cars, trips, drugs & alcohol, having a good time haha
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

  18. #38
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    LOL, 1 million sounds pretty damn cheap to me. Is this not including any drinks or something?

    Are you guys all students on a budget or something?

  19. #39
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    Originally posted by Disoblige
    ^^ Finally we agree on taste. I love her

    Way better than your crush on Arlene

    Back on topic: Likely 35, realistically. But the plan is 30 assuming things go 100% to plan, which is unlikely. But that's what the question asked :P
    Just for you



    What's the point of chasing 1MM when inflation rate devalues it haha.

  20. #40
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    Originally posted by flipstah


    Just for you
    Hmm, those jeans make her look fat though. Not the best pic.

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