Interesting discussion. We own our home free and clear. After some calculating, it looks like our home represents about 93.5% of our net worth.
We have modest savings and 4 old vehicles. We don't have any retirement accounts, nor do we want any.
We live simply. Our only pressing concern is no health insurance. We are currently healthy for our age (57 and 52). We will be looking into a catastrophic health plan soon, as this just recently came to our attention that such a thing exists.
Yes catherine, to answer your question, why we don't believe in retirement accounts. My wife and I live our lives believing teotwawki is inevitably quickly approaching. To invest for retirement would be in conflict with this position. I think I'll leave it at that.
We just completed our annual asset review.
Our residences, 2 of them, make up ….% net worth. I was way underestimating that number when I replied to this thread earlier.
I do not expect that percentage to change much in the next several years. While our assets are growing at a healthy rate, I want to hit charitable donations harder, so …we shall see what happens to those numbers.
Edited to say: the number above was incorrect, and I’m an idiot. I was including the farm in this this calculation. The one, true, and final number is this: our residences make up 9% of our net worth.
9%
Last edited by iris lilies; 1-1-24 at 1:43pm.
See adjustment above. I foolishly included farmland in that first number.
I see. If I include inheritance, my number will change but I am including that in my figures until the estate is settled.
Okay---I really don't have any money& never did have a pot to p x x in 'er a winda ta pitch it out of, as they slyly say up in IWAH, the Meat State. Unless, of course you count my ramshackle hillbilly shack with an old, non-runninng Packard out back with a rat living in it. Do lottery tickicks & aluminum empties count, too? So yeah---I'll hafta see a CPA. Yup.
okay----I just sittin' here, wondering: If I was ta put in a cee-ment pond in back o' my hillbilly shackk, would it increase my "nett worth" or whatever? Just curious.
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