when people state their worth..

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Feb 2, 2007 | 04:31 PM

puffy

Thread Starter

bow down to king puffy

Joined: Jun 2002

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when people state their worth..

do they include liquid money or just whats in their bank? Like if someone says their a millionare is it money in bank or all assets?

Feb 2, 2007 | 04:35 PM

Nightshade

un-Touch'd krew

Joined: May 2001

Posts: 51,774

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From: My own level of hell

Total assets which is horribly decieving. Just because you own 20 mil in property does not mean you have access to anywhere near 20 mil in funds.

I knew a guy who on paper was worth 100mil but his cashflow was barely keeping him afloat.

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"I'll keep my money, guns and freedom. You can keep the "Change."

Feb 2, 2007 | 04:35 PM

snitches get stitches

Joined: May 2002

Posts: 49,696

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From: Portland, OR

Net worth includes everything. All investments, all real estate, all tangibles.

Feb 2, 2007 | 05:43 PM

stephan

:exnbp:

Joined: Jul 2001

Posts: 8,728

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From: Henderson, NV

I'm worth at the most $200 then :wtc:

Feb 2, 2007 | 05:45 PM

Snoopy

been there done that

Joined: Jun 2002

Posts: 30,637

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From: 916

Quote:

Originally Posted by stephan

I'm worth at the most $200 then :wtc:

im at -$200 :wtc:

Feb 2, 2007 | 06:06 PM

Red X

x pǝɹ

Joined: Feb 2003

Posts: 6,246

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From: Upstate

Quote:

Originally Posted by Snoopy

im at -$200 :wtc:

clothes?

Feb 2, 2007 | 07:23 PM

snitches get stitches

Joined: May 2002

Posts: 49,696

Likes: 1

From: Portland, OR

Quote:

Originally Posted by Nightshade

It's only deceiving if you're giving your net worth when someone wants to know how much you make.

And if you had a friend who's net was 100mil but was living check to check, he needs a financial advisor...or a better one at least.