you lift ohai?
In general, my weekly routine is 3x running between 4 and 6 miles, one weights day (including legs), and one of those “cross fit” things. I don’t do any road races nowadays, so I am not at peak fitness, but I think it is ok for maintaining health.
sounds like a decent routine. btw i was flipping thru the channels earlier this week and saw the crossfit games.
those folks are insane. i feel like i would break halfway thru the first event.
She needs a university degree to sit for Level II.
You could get transcripts.
The point is your primary residence represents consumption, regardless of whether it is financed with debt or paid for with cash, (as mine was). Wealth consists of financial assets not home equity.
You may not grasp this now, but you may someday when you have accumulated real wealth.
It represents future consumption which you have paid for. i.e. an asset.
You may not realize this now. But you may learn it once you are no longer poor. Or you know, some other random condescending and irrelevant phrase.
thanks a lot prick
I think you’re wrong
“From a purely quantitative standpoint, the economic benefit to maintaining a mortgage and investing the difference is significant for most homeowners over the past several decades.”
You may not grasp this now, but being a prick all your life does little to benefit anyone and will hardly serve the needs of your clients.
[
forbes… good reference. I don’t have clients 
on the buy side – institutional investor; do you even know what that is?
i wud rather b a wealthy prick than a broke nice guy
lord of pension - another clown has arisen. Post your bank account statement here, or STFU and stop making condescending and ignorant statements. Most likely, you’re not even a wealthy prick, just a prick.
Regarding the house, of course it is an asset - it has positive value. You’d be an idiot not to accept the gift of a free house, which you can sell, occupy and save rent, of borrow against. Just because someone chooses to consume the asset over time, rather than deploy its market value in income earning investments, doesn’t make the house worth zero.
I have been very lucky, it is true.
Is the guy who started a thread asking what a respectable net worth for CFA charterholders is really expecting us to believe that he’s already worth a lot of money? The question from the OP sounded like it was written by a six year old.
This guy’s already made a fortune on the buy side but he has no idea what “wud” be considered a high net worth for people in the business.
who is worth more stallion or OP?
I do understand how tempting it is to conflate aspirations of wealth with actual wealth…good luck to you in your journey…hope you pay off your student loans before you’re retired
…says the “level 1 candidate” with a negative net worth (be honest)
Oh yay, it’s story time again! Tell me more about myself.
I don’t understand why anyone wouldn’t consider their home equity part of their net worth. It’s an asset just like any other asset a person might own. Do you not consider stocks part of your net worth either?
It’s common to advise people not to include the value of their home when calculating the worth of their retirement savings, as they won’t have access to that value.
Some people got confused and started thinking that means home equity isn’t part of your net worth. The only way you could possibly not include home equity as part of your net worth is if you were subtracting the PDV of future expected rent payments for non-homeowners from their net worth. That would be overly complicated and wouldn’t make sense. Not to mention obviously someone with a more valuable home has more financial freedom than someone with a less valuable one. Two people who each have $1 million of investments, but one has $200,000 in home equity while the other has $1.5 million in home equity are not equally wealthy. This is just common sense.
Six pages later and a forum full of CFAs can’t determine how to calculate net worth. This might be a new low.
To be fair, the only real dissenter seems to be the troll.