What’s your net worth if you sold everything?

[Blondiebeachbabe]

Just that really!! Inspired by thinking if I could afford to move abroad. I suppose age helps as well as you’d expect to be worth more the older you are!!

That is not an explanation.

59, about 1.2 million including an inheritance I'm about to receive

59....about £2.2m liquid assets if needed, property another £1m...married and shared.

Well, this is depressing 😕

Completely agree. I thought I was far from ‘poor’ but apparently not.

Dh and I are worth about 2.3 million if we liquidated all assets tomorrow. Am 53.

@joliefolle you can look up the studies that discredit Easterlin's theories if you wish to delve into the much larger datasets that are available now from across the world which the most recent studies are based upon. Easterlin's therories were largely just that because he didn't have such large scale datasets available at the time.

That article was a succinct summary in layman's terms of the history of this fairly widely held belief that Easterlin's theories were correct (even though most people claiming this as something "demonstrated by research" probably don't even know his name, just have a vague recollection of reading about his ideas somewhere and now believe them to have been "proved to be true"). If you'd like to review the detailed studies based on later research with statistically valid sample sizes and research methodologies that refute his theories then you can find them all in the usual scientific journals for research on these topics.

Sadly some theories get latched onto in the public mind and continue to be "cited" in posts like this even when subsequently disproved because people hold on to an idea they read somewhere many years ago then believe it to be fact. That's how myths and widely held but factually inaccurate ideas take hold, as we see manifesting with terrible results in so many areas of public policy/ widely held views across the population, often persisting for decades after they've been shown to be erroneous. Confirmation bias etc has a lot to answer for.

It's more complex than that though because I've got a few defined benefit pensions which I wouldn't just convert to a lump of cash. Yet they are obviously worth quite a bit.

Its such a large division. People seem to either have multiple millions, or next to nothing. And the gap is widening..

Gosh a lot of you UK people are rich. I thought I was doing ok until reading this and now realise I am povo and have an evil pony. Running off to have a little weep now. Considering opening the gate and evil pony may just take herself away. No I'm joking I've gone and caught the little biatch everytime she's escaped. Who knows why.
The people in their 30's worth millions well done ( if you aren't lying)

@Blondiebeachbabe (OP) - Wouldn't it make more sense for people in couples to quote 50% of their amount? Just for this exercise. Otherwise you'll get some amounts relating to one person and others to two. So even before all the variables (age, some including pension, some not etc), you're not comparing on the same basis.

It is not meaningless though.

If someone finds their time is close they can choose many things because of their wealth: stay at home with 24 hour top notch care, they can rest easy knowing their family will be fine financially when the are gone; they can have comfort of body and mind.

Equally, for those with little, lack of choice can be very distressing especially when defined by want.

Of course, nobody can buy extra time, and nobody can bring wealth with them, but to say it is meaningless is a mistake.

Who knew mumsnet is where all the top 1% earners in the country gathered 😂

FWIW I’m in top pay bracket and nowhere near done this imaginary shite and I’m not wreckless with cash!

I'm worth about 1.5 million. Dh about 100k.
Both mid 60s.

That’s a really really good point. There aren’t many in the middle, it’s very much all or nothing. It’s quite interesting to read the other thread on state pensions in light of this one. Why should someone with a 2.3 milkion net worth get state support.

One interesting bit in my family is that the wealth has happened in 3 generations. My granny cried when her 7th sibling was born as she didn’t know how they were going to feed it. She then went into service and couldn’t sleep as she’d never slept in her own bed before. I compare that to my children’s privileged lives and find it mind boggling

I'm 35. Our house is worth 750k and we owe 250k on it. Pensions - would have to dig out statement to check. I have my own career and DH business is on course to have turnover of 1m this year (200k last year) so things are on the up for us. 10 years ago we had absolutely nothing, we were sat at home broke with baby DS without a fiver to our name, not knowing how we would pay the next month's rent. For anyone in that situation we were in ten years ago, it can get better.

350k plus pension

Age 56

29 only 150k

This video is fascinating. We're living in a dystopian reality where ou, spending, even our thinking, is so heavily influenced by the mega rich, all for their own further enrichment and power.
The world is starving, freezing, burning and yet we buy everything on Amazon lining one billionaires pockets - when it's not even cheaper! - and we idolise another billionaires pointless attempts to fly to Mars.
Literally burning millions while hospitals and schools are crumbling and we congratulate them. Why aren't they doing something positive with their wealth!
Do we really think this distribution is ok?

There used to be an ethos of philanthropy amongst the rich, such as by Andrew Carnegie, the Rockefellers. Bill Gates still has it. This new crew of tech bros, not so much. Perhaps the tech bros just see most people as useful idiots, until they are disposable when inconvenient.

Yes. I didn’t include those my estimate of personal wealth. Just assets I could cash out now.

I have assets I can’t touch until later in life due to a Trust so it’s a bit complicated. Right now just the equity in the house and my car I guess - about £300k?

gosh joint with husband only about £210-220,000 for equity and cars. Who knows re pension but he’s got a good one. I haven’t included my extension collection of jumpers lol. Age 41.

also not sure why people are including pensions as the question specifically asks "If you sold everything" - most people can't access their pensions to 'sell' it before retirement age.

I am retired and can access my pension.

Interesting question. Late 50s.

Under £200k.