Posted on 10/08/2019 9:21:08 AM PDT by SeekAndFind
See where you fit on the money accumulation curve.
If you are curious about whether you are keeping up with the Joneses, our calculator will help.
Open the Google Sheet document. Make a copy. Insert your net worth. The spreadsheet will tell you where that ranks you among 128 million U.S. households. Wealth Calculator Google Docs
Wealth calculatorForbes
You need just shy of $1.4 million to be in the top 10%. To be a one-percenter, accumulate $10.2 million.
In this ranking, wealth includes home equity (often excluded in discussions of millionaires). It does not include the value of pensions, annuities or future Social Security benefits.
The calculations are based on: the 2016 Survey of Consumer Finances; estimates of population growth, asset appreciation and inflation in the past three years; the pattern of wealth distribution uncovered in the Forbes Billionaire and 400 reports, and hunches about how many rich people escape detection by our Rich List investigators.
Understand that there is a fair amount of uncertainty in this or in any assessment of wealth. The fed surveyors may or may not get an honest figure for how much a $400,000 household has in home equity and 401(k) accounts. They assuredly do not get representative and candid answers from $40 milllion households, especially about the value of artwork and offshore investments.
As for the missing billionaires, there are probably none at the $20 billion level but enough at the low end to affect the shape of the wealth curve. Bear in mind that mere suspects do not make it onto published lists and that sometimes a sale or stock offering causes a previously unsuspected candidate to pop into view.
(Excerpt) Read more at forbes.com ...
Use this instead of entering your financials into a Google spreadsheet.
| Net Worth Percentile |
Net Worth |
| 10.0% | -$962.66 |
| 20.0% | $4,798.06 |
| 30.0% | $18,753.84 |
| 40.0% | $49,132.21 |
| 50.0% | $97,225.55 |
| 60.0% | $169,550.64 |
| 70.0% | $279,594.27 |
| 80.0% | $499,263.50 |
| 90.0% | $1,182,390.36 |
| 95.0% | $2,377,985.22 |
| 99.0% | $10,374,030.10 |
-PJ
For later
RE: open google, give income
seems harmless enough
___________________________
I’m curious to know how Google determines if the data being entered is true or false. What if I, a poor man, entered a million dollars? How will Google know that it’s fake data for me?
What is Net Worth?
Does it include your home equity and your retirement/pension/401K?
Not a problem - just password protect it with your credit card number and PIN...
Don’t know about my percentile. But I have enough of this world’s goods.
More importantly, I’m born again and have Jesus Christ in my heart and life. I wish there were more Americans who knew the Lord as Savior.
Net worth is the value of everything you own minus the debt you have.
RE: Net worth is the value of everything you own minus the debt you have.
I’ll have to revalue my stamp collection then :)
Folks - “You need to log into your Google account” to use the calculator.
So ... if you want Google to keep track of what you put in and associate it with your account info ... and share it with ... whomever it wants ... well, go right ahead ...
... as for me ... I don’t think so!!
At the very least, they probably just want to track the data put in only, and process the results like an unscientific poll. But I am not familiar with how much data is able to be collected from google docs, because I avoid public cloud shared documents like the plague (don’t make them, don’t use them). If cloud services are anything like web services, you can see the IP and the OS version (at a minimum) of the clients that are requesting the document(s). In this case it would be Forbes or the document author or anyone with access rights. So you have your basic tracking right there. Now if google is in on this, then you open up a whole world of data aggregation, because goodle likely already knows who is using your IP right, including identities, social media accounts, shopping data, etc, and your income levels are now being added to the pot.
... or not
I use to be in the 1% but then I met a women.... : )
LOL... yep... net worth changes from day to day.... just like the value of your stamps.
Generally, net worth is assets minus liabilities (what you own minus what you owe). Net income is income minus expenses (what you earn minus what you spend).
-PJ
“Entering your net worth into a Google Sheet document is not something I would recommend.”
What? You don’t trust the ‘Don’t Be Evil’ crew?
Good comment.
RE: I use to be in the 1% but then I met a women.... : )
MAN: I give my wife credit for making me a millionaire.
INTERVIEWER: What were you before you met her?
MAN: A multi-millionaire.
:)
“People in the top 1% do not..
How do you know?
They told me in FReepmails.
Hey, wait a minute...
In your imagination!
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