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Year end net worths

December 21st, 2017 at 03:39 pm

Hmm, so 2017 has not been a good year for me financially. Things have barely been kept afloat, and honestly, I have no one but myself to blame. And... I really don't have much beyond that to say about that other than that I hope 2018 will get better....

In related news, I just got done helping my mom with some of her taxes. I don't know what their net worth is, but I am beginning to think they don't either. I was looking through some of their assets, and then I started adding them up, and then said to my mom, "Uh, did you know you have probably $1.5 million in assets here?" And her response was like, "Oh, really?" Ok then. That and who knows whatever else they have squirreled away, but you definitely couldn't tell that if you looked at them. Wearing used clothes bought from Goodwill, and eating only leftovers half the time. I guess she doesn't think of it in those terms, but just want to be financially secure and happy. Classic sleeper millionaires.

8 Responses to “Year end net worths”

  1. crazyliblady Says:

    Is it possible your father has always handled the finances in your family and that's why she does not know what they have?

  2. creditcardfree Says:

    It wasn't a good year for you? I sorry to hear that.

  3. Amber Says:

    Thanks for sharing, this reminds me that I too can hit the millionaire mark by working hard and spending wisely

  4. snafu Says:

    Is it possible your mom doesn't want you to fully identify and understand their Net Worth? You may interpret their thrifty - parsimonious practices of shopping at Goodwill and eating leftovers quite differently than experiences noted by your parents. I know I have quirks that result in DSs rolling their eyes. DH's eyes glaze over at month's end while I try to explain financial wins or losses.

  5. Tabs Says:

    crazyliblady: In our case, no, my mom handles the finances in their household. My dad is just content working and bringing in the paycheck. If anything, it more likely that she just doesn't care what their exact net worth is. Rather, she's more interested in living a fulfilling and happy life for her and her family, through frugality. If she liked computers and forums at all, I think she would have fit really well here at SA.

    ccf: Thank you, but no worries. It was mostly due to my own stupidity, but that is at least fixable going into the next year.

    Amber: Yes, my mom is quite inspiring in many ways, and for certain, I got most of my frugal habits from her. My dad is not frugal, but he is the hard-working breadwinner, and I try to emulate that aspect from him.

    snafu: I think that sentiment is very true for most of my life, until more recently, when she finally believes that I have learned to be frugal as well... and also because they are about to transition to retirement. In terms of financial management, they are simple folk, but they seem quite content with that arrangement. Still though, they are starting to ask for my help more now, like with some of this tax stuff for example.

    And yeah, I admit some of the quirky things my parents do does make me roll my eyes, but at the end of the day, it's undeniable that they have done well for themselves, just as you have done well for your family. Without you, they would be sunk. Hopefully, they will realize that one day, if they don't already.

  6. PatientSaver Says:

    I'm sorry 2017 was not a great year financially, but I bet you could name a few things you did this year that were really impressive.

  7. Tabs Says:

    Weeeell, there was the crazy camper car project, which yes, is part of the reason why my net worth took a beating. Again, because that didn't quite work out, I am now having to re-calculate staying in a house and paying for all the associated bills with it.

    If nothing else though, it was definitely a good learning experience, and who knows, maybe I will still change my mind and try try again? Will have to see.

  8. rob62521 Says:

    Hope 2018 is better for you. I think we all have years that we look back and question why we did what we did. Hindsight is indeed 20/20.

    Some folks just live frugally and it is hard for them not to. When it comes to meals, my husband teases me that no leftover goes uneaten. I know it stems from growing up struggling and my parents grew up in the Depression and as a result, you just don't waste food.

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