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End of Year Net Worth

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  • Good old tax reduction and earnings increasing.

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    • The demographics of WCI Forum participants must skew very young or us older (over 50) folks choose not to divulge such information. Perhaps because our net worth numbers are either embarrassingly high or embarrassingly low…
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      Agree! I am not sure if mine is embarrassingly high or embarrassingly low, just that it is embarrassing.

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      • The demographics of WCI Forum participants must skew very young or us older (over 50) folks choose not to divulge such information. Perhaps because our net worth numbers are either embarrassingly high or embarrassingly low…
        Click to expand…


        Agree! I am not sure if mine is embarrassingly high or embarrassingly low, just that it is embarrassing. ?
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        Or perhaps it is a generational thing. A different comfort level posting specific personal and possibly identifiable information on public forums. I suspect neither of us grew up posting selfies to instagram and tweeting our every activity ?

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        • With the extended bull market and improving economy, this thread kinda reminds me of that old shampoo commercial - "I went from flat - to fluffy!"

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          • The demographics of WCI Forum participants must skew very young or us older (over 50) folks choose not to divulge such information. Perhaps because our net worth numbers are either embarrassingly high or embarrassingly low…
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            I'm in my 50's, and decided not to divulge. I hope that it's embarrassingly high, but then again, everyone's net worth statement looks rosey 9 years into a bull market.

            Only three people beside myself know our net worth: my wife, my son, and my accountant. Otherwise, I try to have a "stealth wealth" life, with occasional bursts of what @VagabondMD has callled "selective extravagance".

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            • The demographics of WCI Forum participants must skew very young or us older (over 50) folks choose not to divulge such information. Perhaps because our net worth numbers are either embarrassingly high or embarrassingly low…
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              This looks like fun and all, but I'd be uncomfortable publishing my financial data on the internet. This forum is anonymous, but ad-trackers seem to know who I am, and I receive targeted emails from salespeople and vendors who seem to know an uncomfortable amount about me--even though I never intended to divulge any information to them. Apparently, Google people can read any email I might send on Gmail.

              I'm sure that I'd be shocked if I found out how much of my supposedly private info is already known by various internet vendors. I'm not inclined to help them out. They don't seem to need the aid.

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              • To some degree, the less you have, the more you are willing to share. If my net worth were $50,000 or -$50,000, what bad could come of that information falling into others hands and connecting it to me?

                Perhaps I am paranoid, but all of us have had patient interactions and outcomes that were less than favorable. If you haven’t, you will throughout your career. Bragging about one’s wealth on the Internet, if it fell into those hands, might be just the catalyst needed to prompt an adverse action.

                Again, extremely, extremely unlikely, that it would come to that. But why risk it?

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                • To each their own. I would be a lot more concerned pulling out of the ED parking lot in a BMW than posting my net worth on an anonymous website.

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                  • Only three people beside myself know our net worth: my wife, my son, and my accountant. Otherwise, I try to have a “stealth wealth” life, with occasional bursts of what @vagabondmd has callled “selective extravagance”.
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                    Ditto. I'd prefer that everyone believe I'm in financial dire straights. I don't even like to reveal that I'm a physician during casual chit-chat (e.g., with plumber, hair stylist, or next-guy-in-line at the ballgame).

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                    • Stealth wealth is fine. People in general will assume a doc has higher net worth than most really are.

                      If you're in stealth wealth mode chances are that you don't own the largest home or bling bling car either or in the fanciest office space with custom coffee in the waiting room.

                      Those are things that make you a target more than anything. Savvy hunters will also run title searches, so stealth wealth also needs good legal methods of hiding and protections from discovery.

                      Anyone with a calculator can figure out quite quickly ones general income and most here will see a 50-150k yty increase based simply on savings goals if applied diligently. The rest is compounded earnings and bull runs.

                      Posting on a thread isn't a primary threat to discovery

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                      • The demographics of WCI Forum participants must skew very young or us older (over 50) folks choose not to divulge such information. Perhaps because our net worth numbers are either embarrassingly high or embarrassingly low…
                        Click to expand…


                        This looks like fun and all, but I’d be uncomfortable publishing my financial data on the internet. This forum is anonymous, but ad-trackers seem to know who I am, and I receive targeted emails from salespeople and vendors who seem to know an uncomfortable amount about me–even though I never intended to divulge any information to them. Apparently, Google people can read any email I might send on Gmail.

                        I’m sure that I’d be shocked if I found out how much of my supposedly private info is already known by various internet vendors. I’m not inclined to help them out. They don’t seem to need the aid.
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                        Agree, its only seemingly anonymous. It wouldnt be that hard to put things together if you or someone nefarious tried. For those going to the conference it will become a lot less anonymous as well. My wife and I try our hardest to not divulge what we do in small talk, but its just something people cant help but asking. Maybe america is just terrible at small talk and they have difficulty talking about anything non obvious.

                        Those people websites can give an alarming amount of information. Someone in our family had a subscription from an identity hack and it is scary what it knows about you, and you can enter anyones name. Not sure that its a good thing to just be out there.

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                        • I’d prefer that everyone believe I’m in financial dire straights. I don’t even like to reveal that I’m a physician during casual chit-chat (e.g., with plumber, hair stylist, or next-guy-in-line at the ballgame).
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                          I tell people I'm an importer-exporter.

                           
                          An alt-brown look at medicine, money, faith, & family
                          www.RogueDadMD.com

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                          • Lightning rods aren't good. Scams, malware, viruses and outright attempts at theft (which may or may not affect your immediate safety) are all more easily focused if you give those wishing to do wrong a place to look. Wouldn't recommend posting financial data like net worth online. Quite frankly I'm amazed that WCI posts so much on his state of the blog posts. What's out there now is out there, but I wouldn't have recommended posting any of it ever. No one's business.

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                            • Lightning rods aren’t good. Scams, malware, viruses and outright attempts at theft (which may or may not affect your immediate safety) are all more easily focused if you give those wishing to do wrong a place to look. Wouldn’t recommend posting financial data like net worth online. Quite frankly I’m amazed that WCI posts so much on his state of the blog posts. What’s out there now is out there, but I wouldn’t have recommended posting any of it ever. No one’s business.
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                              To be fair, that kind of transparency helps build credibility and keeps me coming back

                              There are other personal finance websites (perhaps even on the Wci network) that I don't frequent as much because of the lack of details and specificity.

                               

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                              • So you come back because he divulged how much profit he made? I'd think the content, more than anything, should keep you coming back. He could still post a state of the blog without listing any of the financial information.

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