Hello Sophisticated Spenders!
My friend JMoney over at Budgets are Sexy found a cool new tool:
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 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!
Head on over to Wealthometer.org and tell me your results!!!!