Where do you live? Age? How much do you make a year? How much is your net worth? (MERGED) (payment, credit)
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Didn't know that you were homeless at one point. Great work on being self-made!
Oh yeah, I came from Flint, MI and to be honest MOST black men in my situation don't turn out to do anything in life. I found "faith" and pulled myself up by my own bootstraps literally .
It's why I'm honestly more Conservative than guys like you and MathJak when it comes to passive investing, which makes me hate Stocks more than most people lol.
Last edited by jotucker99; 09-23-2015 at 01:28 PM..
36
NYC
$70k
Negative NW....prob somewhere around -$27k (student & car loans) - working on this! At this time last year, salary was $10k less, and NW was around -$34k.
ETA: I guess if the value of my car is considered an asset, the it's really more like -$14k....
Last edited by LizfromtheBronx; 09-23-2015 at 01:32 PM..
Reason: updated info
36
NYC
$70k
Negative NW....prob somewhere around -$27k (student & car loans) - working on this! At this time last year, salary was $10k less, and NW was around -$34k.
ETA: I guess if the value of my car is considered an asset, the it's really more like -$14k....
Yes, you should count the value of the car, but the tricky part is do you count the trade value or the resell value? I count the resell value which is what I estimate I can go out and resell the car for. Some people might only count the trade-in value, but I think the resale value is what should be counted.
RE or maybe they own some business portfolios. My net worth is mainly being pumped up through business portfolios that I own that pay out a monthly recurring/residual income.
me 26 SO 38
Chicago IL
240k Household
800k NW give or take
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