Time again to learn about you, the readers Earlier this year I put up a poll on this blog to find out how much wealth we all had. Thanks to everyone who voted (^_^) Here are the results below.
I’m surprised no one who voted has a negative net worth. So even if people have student loans and other debts they somehow have enough assets to still retain positive wealth. The median net worth of fellow readers appear to be around the $350,000 mark. That is quite impressive since the median net worth of Canadian households is only about $230,000. Congrats fellas 😀 The typical reader of this site is 50% richer than the general population. Is it just a coincidence or because of all the useful financial and investment strategies I write about 😉 Joking aside, I think it’s because people who are serious about taking control of their finances are more likely to be wealthy and are also more likely to stumble across my blog 😎
If we further extrapolate the data we find that about 16% of you readers are millionaires ❗ Well, I’ll be! Apparently I still have much to learn and experience in financial matters since my net worth today is only $187,000, which means most of you guys are richer than me 😕 However I’m planning to run this poll again next year when my net worth is estimated to be $250,000, if I get the 15% return on investment I’m expecting. By then I hope all of you will have also expanded your own household finances and maybe the median reader net worth will be higher 🙂 Good luck everyone.
Random Useless Fact: This is what an upside down lily pad looks like. If you feel a sense of uneasiness when looking at the image below, or find it somehow disturbing or hard to look at, then you may be trypophobic. Warning: if you think you have trypophobia, don’t try to Google “trypophobia” You might just freak yourself out 😛 And definitely DO NOT watch this YouTube video.
Wow that is awesome. I’m surprised also that there were no negative net worth results.
Maybe the people who had negative wealth was too embarrassed to vote 😕 But I don’t know, because it’s all anonymous anyway 🙂
Neat. I wouldn’t mind getting bumped up a few more levels. We’ll see next time!
Buying assets like stocks and real estate has turned out to be a great decision for both of us. With the stock market reaching multi-year highs in Canada, and all time highs in the US, I think the future is looking good for diversified investors 😀
Don’t forget to enjoy life my friend. It should never be a race to our inevitable ends. Money helps with life’s bumps along the way, but health and happiness is immeasurable. Random useless fact about me: I love paddling my canoe through the lily pads on super calm, fall foggy mornings, where the fog layer is hanging about 1m off the water surface. I think I know what I should be planning to do tomorrow morning now… – Cheers.
Sounds like the perfect setting for a romantic horror movie 😀 I didn’t know you have a canoe. That’s pretty cool.
Wow, it’s surprising to me also that no one has a negative wealth. Either way, your survey is a great way to get to know your readers, awesome idea!!
Yup, I’m often curious to learn more about people who read my blog.
I love that your readers are all in the positive 😀 Means the comments are full of great advice.
Anyway, money isn’t everything either, so don’t be too caught up on it 😀
Yeah, and net worth doesn’t really look at income either. Some readers make over $10K a month. Even if they don’t have a lot of assets they could build up their wealth fairly quickly if they really wanted to.
Right on… interesting how your readers have the positive net worth. Maybe some were too shy but there is nothing to be shy about. It’s more important to find a way to get above water and stay positive.
That’s right 🙂 There’s nothing to be shy about. I had a negative net worth myself back in 2007 when I was going to college. Having a positive view about money was essential for me to get out of student loan debt and start building my asset column.
Clearly I should have voted so that you’d have at least 1 with a negative net-worth.
Hope you can vote in my current poll right now ➡ I’m sure with your new job you won’t be in the red for very long 🙂
If they renew my contract or sign me up to a new one at the end, that yeah, I might actually have a positive net-worth within the next 5 years (which although not great, is super exciting to me!!!) Student loan debt is still closer to 2 years salary though… but the car’s almost paid off!
You have a lot of rich readers.
With a readership like this you could sell banner space to yacht brokers and sports car manufacturers?
Maybe letting the survey run a little longer would get you a more statistically accurate result.
I’d still think about the high end adverts though.
Well done for attracted such a wealthy set of readers
Yeah, I should have waited for more votes to get a better result. It’s funny how inconsistent the polls have been. This one about net worth was left up for over 2 months and got less than 50 votes, but my current poll about debt ➡ has already gotten over 70 votes and it’s only been live for 2 weeks lol.
Man, I definitely need to chat with the ones skewing the results (on the high end of course!) 🙂
Its funny because pictures of that stuff always makes me antsy; I remember frying chopped up garlic in oil and the shape it made in the pan gave me chills, but everyone just thought i was crazy. I actually found out the name of that phobia over the weekend, and it was because my brother kept showing me random pictures and seeing how i would react. So yes, I have that phobia. It is nice to put a name on it finally! 😛
Have a good weekend!
Haha, that’s what brothers are for. To help diagnose phobias. You have a nice weekend as well.
Great results! I have a positive net worth but it’s nowhere near the $350 000 mark! Must. work. harder! 😛
The median net worth per adult in the UK is only about £75,000, at least it was in 2011. If you’re not already higher than that I’m sure it won’t be long before you are 🙂
@ liquid, I just saw this part of your blog
The summary numbers for my wife & I period ending 31/12/2016
Net worth $1,222,000
Gross income combined $65,120
All in, everything in what we do expenses $22,788
Carrying/service charges – interest/loan/HELOC/margin $0
Net income (before taxes & other cash used for) $42,332
Cash out from net income
Income tax $428
Gifts to adult children $20,000
TFSA contribution $10,000 (in the first month of each year)
Net cash $11,904 end of period
Total cash at the end of the period 2016 included in assets is $188,170*
* There is no need for us to keep investing to build wealth or increase our income other than small dividend income to cover any cost of living increases.
** within the next 24 months we shall likely sell the family home current value $710,000
*** On investments – There are no RRSP’s or RRIF’s in the assets, just TFSA