Ask HN: What's your net worth? Also - how old are you? - what do/did you do? - where are you from? |
Ask HN: What's your net worth? Also - how old are you? - what do/did you do? - where are you from? |
What's on topic? Stories that gratify intellectual curiosity. Please read the guidelines:
3 days ago ive decided to invest in real estate since thats the only market that the robots cant take away from us. the luxury living spaces of 2035 wont look significantly different from those of 2015. in terms of location.
a super conservative projection of the real estate thing will lead to acquiring property worth 500k a year, producing 100k ARR, with the option of turning it into a REIT.
^ as in after year 1, i own 1/30th of 500k and make 100k
after year 2, i own 2/30th of 500k and 1/30th of another 500k and make 200k etc.
the projection does not reinvest the ARR. if you reinvest, things move faster. thinking about the real estate game in SaaS terms sounds reasonably reasonable at the moment. i'm still talking to a lot of people in know in the business, but im going to make my first purchase this summer.
net worth today: ~350k
last year: 10k
the year before: tree fiddy?
hockeystick is about to kick in.
edit: im not saying that robots cant invest more efficiently in real estate. they clearly can, and i have my own software. but an algorithm can never purchase all the real estate that is valuable and then destroy the margins, like it would on the stock market. if you own a valuable piece of land, it doesnt lose its value because some AI is speculating on the lot next to it.
Nice stats btw, keep it like this, it looks like you have pretty much everything figured out.
- how old are you?
40
- what do/did you do?
I work in an Amazon fulfillment center, saving up money because I live with my extended family so that eventually I can afford a meager apartment and have a bit of an emergency cushion while I barely pay down my business application programming and graphic design degrees before the IRS decides to just send a guy for my kidneys.
Jokes on them, since they'll be well past their sell-by date by then.
- where are you from?
America, where freedom isn't free.
I think any modern country besides the US would have been better in that regard. Education and healthcare are two things I would gladly pay more taxes for.
If you ask me, it feels bad not being able to afford some basic stuff but then it is also super rewarding when you make some money. I am in my last year of my university degree but don't live at home, and my income comes from side projects and some programming jobs I do for others. (I don't pay for university, otherwise nothing would be viable).
Gold survived the last 1000 years, it's the safest asset you can own in life.
How did that happen?
$103275.00
Could have been a lot higher if I didn’t spend my 20s blowing a lot of money, and traveling a lot, learn from my mistakes young folks!
Age 37, in Auckland, New Zealand, currently work as product manager, was software engineer / architect before.
20 years old.
Student as least currently, made my "net worth" as a NASA Intern.
From Los Angeles, CA.
320k in equity in CA real estate (condo I live in).
320k (ish) split between mutual funds/stock/cash.
Saved enough money in my twenties by only living with friends and renting a room until I could buy RE in 2009. Spent a lot of time trying to decide on the right property to buy. Worked hard improving technical skills and negotiated aggressively in the last few years now that I have enough experience.
Real estate is down currently in India, I feel i have locked up all my wealth there. Now saving funds to finance further studies in near future.
- Tech consulting
- dallas, tx
- negative as fuck (-$47k student loans, -$40k credit card debt, -$30k car loans, +$55k 401k, no house, no artwork)
Could be worse
22 yo.
Bug bounty hunter. Bitcoins since they were in the single digits. Can't say I'm happy..
Spain.
- Automated everything
- United Kingdom
28
product designer focused on fintech
from DC, in seattle via NY and the bay
- 25 yo
- software consulting
- Canada
18 yo
nothing
Brasil
I was an early bitcoin miner. I sold a bunch of coins over the years, but still holds a significant stash of them. None of the numerous bubbles and crashes scared me. $30 down to $2, $260 down to $50, $1200 down to $200. Meh I have seen it all. I have been a huge believer in bitcoin since the beginning. Today 85% of my wealth is still in bitcoin, 5% in alts, and 10% in index funds and real estate. Before that I was a software engineer. Materialistically my life hasn't changed much. Ok I paid off the mortgage on the house, bought a nice car, some gadgets. But that's it. However mentally my life has changed a lot. I quit my job and spend time with family, traveling... Now I'm an entrepreneur working on scratch-my-itch project ideas.