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  • October 28, 2009 at 1:30 PM #16571
    IT.MOM
    Participant

    Net worth = Age * Pretax income ÷ 10
    It is from “The Millionaire Next Door” (1998).

    Piggs, do you agree with this formula?

    I couldn’t meet the ideal number. What did I do wrong. We have always lived under our means.

    October 28, 2009 at 2:34 PM #474844
    an
    Participant

    This formula doesn’t work for people who are just starting out w/ their career. Example, 22 yr. old new grad making $55k/yr. Based on this formula, s/he should have $121k in net worth. That’s impossible to have unless s/he have rich parents.

    October 28, 2009 at 2:34 PM #475020
    an
    Participant

    This formula doesn’t work for people who are just starting out w/ their career. Example, 22 yr. old new grad making $55k/yr. Based on this formula, s/he should have $121k in net worth. That’s impossible to have unless s/he have rich parents.

    October 28, 2009 at 2:34 PM #475384
    an
    Participant

    This formula doesn’t work for people who are just starting out w/ their career. Example, 22 yr. old new grad making $55k/yr. Based on this formula, s/he should have $121k in net worth. That’s impossible to have unless s/he have rich parents.

    October 28, 2009 at 2:34 PM #475460
    an
    Participant

    This formula doesn’t work for people who are just starting out w/ their career. Example, 22 yr. old new grad making $55k/yr. Based on this formula, s/he should have $121k in net worth. That’s impossible to have unless s/he have rich parents.

    October 28, 2009 at 2:34 PM #475685
    an
    Participant

    This formula doesn’t work for people who are just starting out w/ their career. Example, 22 yr. old new grad making $55k/yr. Based on this formula, s/he should have $121k in net worth. That’s impossible to have unless s/he have rich parents.

    October 28, 2009 at 4:17 PM #474914
    Coronita
    Participant

    hey, it works for my daughter 🙂

    3 * ($10)/10

    October 28, 2009 at 4:17 PM #475089
    Coronita
    Participant

    hey, it works for my daughter 🙂

    3 * ($10)/10

    October 28, 2009 at 4:17 PM #475454
    Coronita
    Participant

    hey, it works for my daughter 🙂

    3 * ($10)/10

    October 28, 2009 at 4:17 PM #475530
    Coronita
    Participant

    hey, it works for my daughter 🙂

    3 * ($10)/10

    October 28, 2009 at 4:17 PM #475755
    Coronita
    Participant

    hey, it works for my daughter 🙂

    3 * ($10)/10

    October 28, 2009 at 4:32 PM #474919
    patb
    Participant

    How about $1 Million more then the SOB
    who my wife ran off with 🙂

    October 28, 2009 at 4:32 PM #475094
    patb
    Participant

    How about $1 Million more then the SOB
    who my wife ran off with 🙂

    October 28, 2009 at 4:32 PM #475459
    patb
    Participant

    How about $1 Million more then the SOB
    who my wife ran off with 🙂

    October 28, 2009 at 4:32 PM #475535
    patb
    Participant

    How about $1 Million more then the SOB
    who my wife ran off with 🙂

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