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!!

You’re all giving these great big figures, someone must be lying

My life story would run into millions. Many millions.

It's not just the thread that's pointless.

If you've £1.5trillion in property, business and jets or £2.35 in pennies.. it's meaningless.

Not a single thing anyone owns will buy them an extra hour when it's their time to clock out for good. Won't matter how much they beg and plead, once it's their time, they're done and it's game over.

Let's hope the wealthy ones have spent time with the people who will keep their memory alive. If those people have nothing positive to remember, they really will be dead..

I always look at my stuff like material things such as clothing and accessories, jewellery, perfumes and wonder if I sold all of that, how much I'd have 😅 (well I actually think about it in morbid terms as in if I died how much it would fetch)

I can’t believe this question has been asked or that people would actually answer it! Why woukd I want to put this info on here for everyone to see? Silly question, sorry!

I note that you're asking everyone else but haven't shared your own net worth.

It's a bit rude not to reveal your own circumstances.

a lot of people are saying "we" and I assume counting all assets jointly owned with their partner
but if OP is asking about individual net worth then surely it should be (roughly) half of everything (other than your individual pension) - as the starting point would be if you split up with your partner?

e.g. if your house is worth £400k, technically you can't both be 'worth' £400k, you wouldn't each get that amount if you sold it, you'd have to share it between you. So as an individually you'd "only" be worth about £200k

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.

Like many others I'm asset rich and cash poor. I have property and some savings but NO income, it has to last until I croak

£4.20

.75m aged 63, retired early. I've used my work pension lump sum to pay mortgage off, then downsize. And trying to hold onto that for dental work, large house items and emergencies and the odd little humble holiday
Looking forward to my state pension. I've worked all my life and a single parent to two.

For me it's a house that has grown in value and a small private pension. I will inherit but no idea how much. I still have a mortgage and I'm a lone parent on a low income so while my "asset" worth is reasonable as a single person, I'm still largely skint. Which is the case for a lot of people I'd guess.

Tranlating into pounds. Around 900 plus a pony who comes with the house, that's going to be a condition of sale,I couldn't give the little shite away, oh and 3 cars but 2 are ancient so maybe an extra 20 all up. Tiny savings about 20. No pension. Odds and ends that might sell maybe an extra 10. All mine not halvies.

You just need to work out how much you can get by on for the things that matter to you. No one needs millions to get by on. No one is happier for having millions over and beyond a decent living standard (roof over head in maintained property, healthcare, affordable fresh produce in supermarket, free outdoor activities etc.) + some rainy day savings. This is an easier position to reach in many countries other than the UK, so if you really are thinking about moving abroad, OP, then do some research. How much other people in the UK could, in theory, liquidate their houses/pensions for is completely irrelevant for you.

https://www.nimblefins.co.uk/savings-accounts/average-household-savings-uk#nogo

This is quite interesting. If you scroll down it gives you average net worth including property, both median and mean.

Studies have shown that happiness directly increases as income increases up to about £120k per annum, after that happiness starts to level off. So someone earning £120k is likely to be twice as happy in general as someone on £60k, but someone with £3million income a year isn't going to be much happier than someone on £125k p.a. This is of course a generalisation.

I dunno somewhere around £6k? My car is probably worth about £5000 and if I sold every possession I have it would probably come to less than £1000.

I'm 35. I don't have a pension.

42

Half of all joint assets probably about £250k. Should go up more and fairly rapidly now that the years of house renovations and child care are over.

Amazed so many are in the 7 figures at a similar age, well done if true!

Mid 40s. I'd guess around £600k but I made £1k last year selling my old clothes on Vinted so if I literally sold EVERYTHING then maybe it'd add up quickly 🤔 I've only really considered house, savings and pension.

About 5 million

I see where you're coming from but happiness is not measurable. These studies rely on self-report and don't tell us much other than people who earn 120k a year are less likely to participate in these studies and those who do are less likely to complain about life satisfaction in such circumstances. The evidence around us heavily suggests that wealthier people just have a different set of anxieties and depressive tendancies. Poverty is hard. But earning £120k rather than £30k is not the key to increased happiness for a person enduring the actual hardship of poverty.

Currently about £250k

However if I marry Dwayne Johnson (which might or might not be an option) then a bit more, I guess

Depends on then market at the time but a couple of mil I’m 37 does that include cashing out shares? That would add on a bit more

Easterlin's theories? They've largely been discredited. This is a decentish, simple explanation:

www.thetimes.com/article/e10e8993-e120-4c3a-92db-a252a2e07831?shareToken=7b34e05b7ceef7c77c60a8fc74264db9

I'd say about 1.5 million, if I was to liquidate everything. Most of that is in property. My own house plus a rental. Plus another million in business assets. Mid 50's.

About 1.7 million, I’m 58.