Many people are given thousands of dollars in inheritance.... some people spend it, while others invest it making themselves even more money.
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.
Originally Posted by umairejaz
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 ****?
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
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