Wealthometer: Where Do You Compare?


Hello Sophisticated Spenders!

My friend JMoney over at Budgets are Sexy found a cool new tool:

The Wealthometer!

Here’s how it works:

You enter your information.

Take a guess at where you fit compared to others.

Find out your wealth compared to the rest of the population.

Here are my results:

My Guess

My Guess

My Wealth

My Wealth

My Results

My Results

My guess of 76 was right on target!

Here’s how I arrived at my numbers:

Real Assets: I used findthehome.com to estimate the values of my 2 properties and just took a wild guess at the value of my car.

Financial Assets:  I included my retirement accounts (TSP, Roth TSP) and investment accounts (Sharebuilder and TD Ameritrade).

Debt: Mortgages (2), construction loan, student loan, auto loan (auto loan will be paid off in a few months).

You can also use the tax simulator on the site.  I totally didn’t understand it so I just left that alone.

I will pay off 1 of those mortgages and all of those other loans within the next 3 and a half years.

I will provide another debt standings update this month since half the year has already flown by.

Here’s a sneak peek at the amount of debt I plan on paying off before I turn the big 40:

$68,731 (As of June 1st 2015)

My number was $87,798 on January 1st 2015.

So I’ve been putting in LOTS of work on that number this year!

YOUR TURN!

Head on over to Wealthometer.org and tell me your results!!!!

 

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