Ok..
1. 24
2. 42,000
3. 15,000
4. 412,500 ( 2 houses, 3 cars, 401k, misc. investments)
Assets should be = 85,800
I think I filled this out correctly.
Ok..
1. 24
2. 42,000
3. 15,000
4. 412,500 ( 2 houses, 3 cars, 401k, misc. investments)
Assets should be = 85,800
I think I filled this out correctly.
Only two men ever offered to die for you, Jesus Christ and the American Soldier. Defend your rights or lose them forever.
^no you didn't.
Net assets = current value of all you own - all you owe
It is VERY likely and not uncommon for someone to be in negatives even if they have a 6 figure salary.
Learning everyday.
Originally Posted by LiL PaKi
And you call yourself an accountant
Learning everyday.
LOL DIAF!!And you call yourself an accountant
1. 18
2. 10k ...not set to hit that this year =(
3. 0
4. 15k actual, no debt at all, no car loans, this is all savings accounts (that i have no access to yet)
18*10=180/10=18k
guess im 3k short.
oh well, i plan on working my ass off by in the next 2 years so by the time im 21 (almost 19) i should be at
1. 21
2. 24k
3. 0....hopefully still, but unlikely since i know my grandma is on her way out. =(
4. 35k
thats my goal. before deciding on grad school or work.
military?
1. 27
2. $50,000
3. 0
4. $50,000
For number 4 i basically just used what i own outright, i dont have any bills really and no debt. I figure Assets down to my flatscreen TV< furniture, inventory from my business, cars, money in savings an checking ,etc.
$135,000
SHIIIIIIT let me cash that in!@
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
yep
Only two men ever offered to die for you, Jesus Christ and the American Soldier. Defend your rights or lose them forever.
inspiring.
I asked about the subtracting the two.. anywho.. then my numbers are..
1. 24
2. 42,000
3. 15,000
4. Approx. 88,000 of net assets! Makes more since!
Assets should be = 85,800
Only two men ever offered to die for you, Jesus Christ and the American Soldier. Defend your rights or lose them forever.
ok help me i'm not that smart
1.34yrs old
2. 60k
3. 500k
4. 119k all is payed for no debt.
Like one of the other people in here posted. It takes alot of hard work to be broke!! haha.. Graduated high school at 17 and never looked back. Civil Engineering and a TECH degree in Automotive Mech. Worked for a civil engineering firm before I joined the military. Hopefully my numbers will change alot in about six months. Thats when I should be leaving for flight school! :boobies:
Only two men ever offered to die for you, Jesus Christ and the American Soldier. Defend your rights or lose them forever.
500k - 119k = Lots of money that is un-accounted for! Thats the only thing i see wrong.. haha!ok help me i'm not that smart
1.34yrs old
2. 60k
3. 500k
4. 119k all is payed for no debt.
Only two men ever offered to die for you, Jesus Christ and the American Soldier. Defend your rights or lose them forever.
what do you mean? 119k is my house and cars all payed for and 500k is in the bank and stocks. from my inheritance.
i don't know how it works
Last edited by twins; 07-24-2008 at 12:25 PM. Reason: spelling
^^ thats what i was getting at. i didnt understand why you didnt have the 500k in your asset block. The way i looked at it was that you took the 500k and bought 119k worth of stuff and the rest was gone. But anywho.. let me know when you know someone else trying to give away 500k!
Only two men ever offered to die for you, Jesus Christ and the American Soldier. Defend your rights or lose them forever.
it was my grandfather he passed and left me that so i'm worth 296k yet i have 500k in the bank and stocks and every thing is payed for I dam don't understand now?
Twin, I think you might have found a glitch in the formula, it’s from a book I read once. In your case it would have to be what the investment was when it was given to you. Everything accumulated after that is considered your own because it was you who, instead of spending it, left it in stocks and bonds. That difference would not be inherited. It would be your earning that you gained by simply saving.
BTW: I edited the orignal post to explain it a bit more.
Learning everyday.
1. 23
2. 23000 a year
3. 0
4. my car debt 20.000 < where does that go in the equation
either way according to the formula i am worth 52900$
19
salary: 20k/year
inheritance: around 100-200k when parents die
car is appraised at 5300 dollars, have about 1000 dollars in possessions
If your in debt then your in the negatives. The formula says what you SHOULD be worth... not what you ARE.
Inheritance only counts when u are actually given something... not if it still hasn't hanged hands.
Learning everyday.
why not just take inheritance outta the picture. its useless.
in the end the money you get from it is just another asset which adds to how much you are worth.
Many people are given thousands of dollars in inheritance.... some people spend it, while others invest it making themselves even more money.
Last edited by umairejaz; 07-24-2008 at 04:17 PM.
Learning everyday.
thats why it should be taken out of the equation. who cares how you got the money? as long as you got it right? just cause you have inheritance that you didn't spend, doesn't mean you invested it. IMO inheritance is just extra cash. a more perfect formula to find out how much assets you have/should have would be
total liquid assets+total worth of non-material non-liquid assets (bonds, equities)+total property worth (how much its worth minus what you owe)
why complicate it with inheritance and ****?
Damn I got stuck at the bottom AGAIN... Heres mine ^^^
Well some people are given the inheritance while others aren’t. This inheritance isn't because of their doing, it was simply the cards they were dealt. By not including it, it would strictly become an asset earned by the individual which is not true. It's usually never earned but given. By incorporating it, it allows for a more level playing field.
Learning everyday.
inheritance is still an asset and it still adds to how much you are worth IMO. no matter how you get it.
level playing field? sounds like the no red ink law. LOL
^your correct, it is an asset, but this formula measure more then just that. It measure how much wealth you should have accumulated and if your good at collecting it or just spending it. I also believe it works better the older you are.
Learning everyday.
I'm worth **** now... =/
im 29...
But I do have Land, Bought in december of last year.. for 25k .. Got appraised recently , worth 47K.... bought it for a steal.
2 cars : debt of about 45k
Other loans and ****.. about 35K
So about 80k In debt..
Income last year was 72K..
This year on pace to hit about 83K
401k got $27,827
Importatlanta.com worth.. hnm... Online resourse's say is worth 80K or so.
Someone figure that **** out..
are you drunk? lol
that post seemed like someone trying to figure their finances while drunk haha
also, lol at the boss gettin owned by motherfuc,kin ******
1) 25
2) 59k
3) 0
4) hmm, according to the formula I'm worth 147,500
-jonathan
[/URL]
Jesus Christ is my Savior
1. 22
2. $48K
3. $0
4. My house dosn't really add much since i just got it but i have about 10k in equity.
Mine should be $115600.00 I think unless im doing it wrong.
wow, people still dont get it. Its not what you are worth, its what you should be.... if you have your finances straight with savings, investments, and pension plans.
Learning everyday.
...or unless people (me) didn't take the time to read pages of results for your genius equation. Not everyone is a mathmatician, sorry. *wow*
-jonathan
Jesus Christ is my Savior
1. 23
2. 30,000
3. 0
4. goin by your formula it says 69,000
but i have my house which is appraised at 118,000 which i only owe about 45,000 on it and other posessions i have equal about 10,000 and total dept as of right now is i have is 55,000
NO NWS
$2 and a handjob
Didn't know this thread was here.
Good thread!
According to the formula, i'm on the right track!
Last edited by Kevykev; 07-25-2008 at 08:36 AM.
Leisa and S. 4 Life NM?
1-21 years old
2-$45k
3-0 inheritance
4-my bike, my car, 401k/stock/retirement/ESOP fund, my personal things(sum probably 15-20k?)
5-i owe nothing to nobody
but if it use your formula for assets, i get $94k. and i do not own $94k worth of ****. lets just say a cool $20k.
1 - 23 years old
2 - ~35k
3 - 0
4 - ~27,000
Formula = 80,500
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