Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
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 12:28 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 12:32 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
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
. 
