Your net worth

[Truegiant]

ok help me i'm not that smart
1.34yrs old
2. 60k
3. 500k
4. 119k all is payed for no debt.

500k - 119k = Lots of money that is un-accounted for! Thats the only thing i see wrong.. haha!

[twins]

500k - 119k = Lots of money that is un-accounted for! Thats the only thing i see wrong.. haha!

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

[ironchef]

500k - 119k = Lots of money that is un-accounted for! Thats the only thing i see wrong.. haha!

No, his case is different.

Hes got $119k in net assets, if his post is true about it being all payed for. Plus a $500k inheritance, so in theory his total assets are $619k. But the formula would be:

(34 x $60k)/10 - 500k = -296,000

So, its kind of a wacky formula.

[Truegiant]

No, his case is different.

Hes got $119k in net assets, if his post is true about it being all payed for. Plus a $500k inheritance, so in theory his total assets are $619k. But the formula would be:

(34 x $60k)/10 - 500k = -296,000

So, its kind of a wacky formula.

^^ 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!