Net worth

[lord_of_pensions_and]

If these have real value (doubtful) then you add the value of the assets to your net worth, and subtract the value of the liabilities from your net worth.

[igor555]

i own a few patents in my portfolio, please assist in valuing. tanks

[frankybarnes]

The love of a good woman is worth more than the weight of gold

[Sweep_the_Leg]

@ohai

This is a good thread, almost at the level of the man who eats live snakes.

[Greenman72]

If I have a 401k, and I take a $50k loan, then do I count the $50k once or twice?

I mean, it’s still in my 401k AND I have the cash, so it’s really like $100k, right?

And if I pay myself 4% interest, then it’s really like $104k, right?

edit - 104k in the 401k. That’s funny. Amirite6?

[frankybarnes]

How do you account for loans to mother on your balance sheet?

[gif removed by admin]

[lord_of_pensions_and]

@Greenman72

If I have a 401k, and I take a $50k loan, then do I count the $50k once or twice?

I mean, it’s still in my 401k AND I have the cash, so it’s really like $100k, right?

And if I pay myself 4% interest, then it’s really like $104k, right?

edit - 104k in the 401k. That’s funny. Amirite6?

wow so smart!

[infinitybenzo]

@Greenman72

If I have a 401k, and I take a $50k loan, then do I count the $50k once or twice?

I mean, it’s still in my 401k AND I have the cash, so it’s really like $100k, right?

And if I pay myself 4% interest, then it’s really like $104k, right?

edit - 104k in the 401k. That’s funny. Amirite6?

If you take 50k loan then yes, your asset goes up by $50k but so does your liabilities. Net Worth is defined as assets - liabilities so your loan action nets you 0 unless i am missing a piece here…

[igor555]

what if you do in an off-balance sheet way

[ohai]

What if you steal someone’s credit card and social security, and take out a loan in that person’s name while putting the cash assets in your balance sheet?

[igor555]

yo lord whats the most expensive thing you own excluding houses

[lord_of_pensions_and]

I don’t include them in my net worth, but I have some expensive antiques, collectibles and large, rich Persian rugs.

[S2000magician]

@ohai

What if you steal someone’s credit card and social security, and take out a loan in that person’s name while putting the cash assets in your balance sheet?

Technically, that’s known as profit.

Debit Cash, credit Retained Earnings.

[comp_sci_kid]

This thread makes me feel bad

[lord_of_pensions_and]

Any other HNW kids loving this rally? Rippin higher…

[GorillaNerd]

THIS GUY!

http://retireby40.org/about-2/

http://retireby40.org/losing-weight-not-like-building-wealth/

i love how he tracked his net worth. i did the same thing when i started working. lol

[ohai]

Here is how we pay the bills.

• Mrs. RB40’s job

They are not retired - they are just a one income household, which is extremely common. His wife could be a doctor or something, for all we know.

He’s just doing what Turd is doing, in other words.

“lord of P”, you’re not high net worth.

[Sweep_the_Leg]

I feel like this thread has discouraged more people from taking AF seriously than the entire WC combined. They come to AF looking for enlightened discussions on financial topics from informed Charterholders and get this instead. Meanwhile, they could hang out in the WC and learn the benefits of No Fap, Oxypowder, bidets, and all while getting woke.

[igor555]

Dividend Income Portfolio – Since 2010, I moved most of our after tax investment into dividend stocks. Dividend is the best passive income and it will grow as time goes by.

genius

[king_kong]

Wow that blog is pathetic. Makes me think about writing my own blog if someone like that can put together that digital turd and make money off it from people like Nerdy.