Net Worth
topic on 4 shows · 7 statements across 6 episodes
the Knowledge Project 
BigDeal 
My First Million 
All-In
7 statements about Net Worth, every show
Friedberg: Top 50% of Americans hold $178T in net worth versus $6T for bottom 50%
“The top 50% of Americans have 178 trillion dollars of net worth. And the bottom 50% of Americans have six trillion of net worth.”
Housel: Renting for 10 years would have yielded higher net worth
“I would not be surprised. In fact, I think it's almost certain that I've been a homeowner for 10 years, that if I had rented the whole time, my net worth would be higher. I think that's probably right.”
Senra: History's greatest entrepreneurs rarely obsess over net worth targets
“And I think a lot of history's greatest entrepreneurs did. You won't find many of them that are obsessed over, I have to hit a certain net worth, or I have to hit a certain market cap. I almost never hear that.”
Galloway: Any wealth above my net-worth target is spent or donated
“Whenever I meet with my financial advisors and I do this once a year, they tell me, this is your net worth. And if it's above that number, which it has been the last. 12 years cause it's been an amazing economy. I do one of two things with the incremental numb…”
Sanchez: Long-term marriage creates a $300k-$1M net worth advantage
“That leads to graphs like this, which show you that over time, if you are never married, and if you were married and never divorced, there is a delta of somewhere between 300,000 to a million dollars in net worth, which is kind of crazy.”
Housel: Every Increase in Net Worth Brings Accompanying Social Debt
“At a lot of levels, there is social debt that comes with money. So, if you, at every level of net worth, like, if your net worth grows by one dollar, With that comes a couple pennies maybe of like social debt where you are like incentivized or like push toward…”
Housel: Measuring personal human worth by net worth is profoundly dangerous
“Don't think that all poverty is due to laziness and don't think that all wealth is due to hard work. It's not. If you are just ranking people by their net worth and ranking their value by the net worth, that's probably the most dangerous thing you can do with …”