What is your net worth?

[Horseman 2,367]

Home equity can be used in Net Worth calculations but it wouldn't be included in any retirement calculations or cash flow analysis unless you planned on selling, downsizing and banking a profit.  That's what some people mean when they say it isn't included in your net worth.  

[seafoam1 2,803]

4 minutes ago, Horseman said:

Home equity can be used in Net Worth calculations but it wouldn't be included in any retirement calculations or cash flow analysis unless you planned on selling, downsizing and banking a profit.  That's why some people mean when they say it isn't included in your net worth.  

A person needs shelter for life. You have to pay for it in one way or another. 

If you die while owning your home, that net worth goes unrealized for you personally. 

[peenie 1,905]

My credit card debt isn't a lot, a couple of racks. I own my car; It's an old 2007 Honda Civic. (See the thread about me getting it fixed.)

[nobody 2,564]

33 minutes ago, The Psychic Observer said:

It's general advice for any homeowner that feels overwhelmed about their mortgage.

Seafoam thinks buying a house is stupid, so he's probably just butthurt that peenie's net worth is higher than his.

[seafoam1 2,803]

5 minutes ago, nobody said:

Seafoam thinks buying a house is stupid, so he's probably just butthurt that peenie's net worth is higher than his.

Your ignorant take. Show me where I said that. You focking pvssy. 

I said, I don't put it down. But there there are other awesome options.

Are you really this stupid or did you just get butthurt too many times. Loser. 

Now go pay your property taxes and home repairs and shut up. 

[Horseman 2,367]

1 minute ago, peenie said:

My credit card debt isn't a lot, a couple of racks. I own my car; It's an old 2007 Honda Civic. (See the thread about me getting it fixed.)

That's great.  You mentioned some of the 300K is in regular savings.  Can't you pay off the CC debt with that?

1 - Have 3 - 6 months expenses in savings for emergencies (car needs fixing etc.)  Do you know how much you spend each month?

2 - Pay off credit card debt.  At this point you'll be considered debt free (we don't count the mortgage) and you can start focusing on saving for retirement.

3 - Work towards putting 15% of your salary into your 401K.

4 - At a low interest rates maybe we don't even worry about the mortgage, but, until rates come down and you can refinance I'd see if there is a way to scrape together cash to make additional mortgage payments every now and then in addition to #3 above.

 

[nobody 2,564]

10 minutes ago, seafoam1 said:

Your ignorant take. Show me where I said that. You focking pvssy. 

I said, I don't put it down. But there there are other awesome options.

Are you really this stupid or did you just get butthurt too many times. Loser. 

Now go pay your property taxes and home repairs and shut up. 

Okay craftsman

[seafoam1 2,803]

2 minutes ago, nobody said:

Okay craftsman

Ok pvssy. 

[nobody 2,564]

5 minutes ago, seafoam1 said:

Ok pvssy. 

Settle down, utiliti99.

[seafoam1 2,803]

2 minutes ago, nobody said:

Settle down, utiliti99.

Settle down pvssy. You'll make it through the night. 

You are really weak. 

[nobody 2,564]

3 minutes ago, seafoam1 said:

Settle down pvssy. You'll make it through the night. 

You are really weak. 

So triggered

[seafoam1 2,803]

3 minutes ago, nobody said:

So triggered

Yeah, you are. Sorry for your loss as you started it triggered boy.

Boy. 

[seafoam1 2,803]

'Nobody' idiot is losing it. 

[nobody 2,564]

7 hours ago, seafoam1 said:

'Nobody' idiot is losing it. 

Obviously.

Hopefully, I'll be tough enough to act tough on the internet one day.

[seafoam1 2,803]

3 hours ago, nobody said:

Obviously.

 

So you're an internet tough guy huh bozo?

 

 

[weepaws 3,157]

46 minutes ago, seafoam1 said:

 

So you're an internet tough guy huh bozo?

 

 

Seafoam is a ghey.

[nobody 2,564]

7 hours ago, seafoam1 said:

 

So you're an internet tough guy huh bozo?

 

 

I don't know if you're doing it on purpose, but this little exchange brought back some memories.  I grew up in New Orleans, and a popular way to deal with police or courts or anyone they argue with really was what we called the ignant defense. 

The way it works is you just keep saying the most stubbornly ignorant things possible that don't really make sense over and over until the person you're talking to is just like "why am I doing this?" 

You executed it to perfection.  Thanks for the nostalgia.  

[seafoam1 2,803]

4 minutes ago, nobody said:

I don't know if you're doing it on purpose, but this little exchange brought back some memories.  I grew up in New Orleans, and a popular way to deal with police or courts or anyone they argue with really was what we called the ignant defense. 

The way it works is you just keep saying the most stubbornly ignorant things possible that don't really make sense over and over until the person you're talking to is just like "why am I doing this?" 

How is that working out for you? Seems like you perfected it. 

[Horseman 2,367]

Broad strokes, but, my company's investment advisor's quarter one outlook for 2024:

- U.S. economic growth slows in 2024, but no recession as labor markets cool without crashing.

- Inflation moves closer to the Fed’s target which should allow some cuts in the fed funds rate.

- The yield curve normalizes as short-term rates decline while intermediate to long rates inch slightly higher.

- An earnings recovery drives greater breadth of participation in global equity markets.

- Little appetite for austerity in an election year, despite the ballooning fiscal deficit.

 

[seafoam1 2,803]

20 hours ago, nobody said:

Seafoam thinks buying a house is stupid, so he's probably just butthurt that peenie's net worth is higher than his.

See? You start the bullshlt then whine when I call you out for being the idiot you are. Then you cry about it. 

You are truly a mental child in a fat run down old body. 

[WhiteWonder 2,677]

20 hours ago, seafoam1 said:

If you die while owning your home, that net worth goes unrealized for you personally. 

your entire net worth goes unrealized for you personally  

 

[seafoam1 2,803]

36 minutes ago, WhiteWonder said:

your entire net worth goes unrealized for you personally  

 

But I can spend the money til I die. Get over it. I choose to live how I like. And I like the freedom of moving and traveling. And having the money being liquid. 

[WhiteWonder 2,677]

2 minutes ago, seafoam1 said:

But I can spend the money til I die. Get over it. I choose to live how I like. And I like the freedom of moving and traveling. And having the money being liquid. 

Get over what? I wasn't advocating one way or the other. No need to get bent out of shape .  

Just pointing out that a home portion of your net worth not being realized by you, personally, when you die means nothing. None of your net worth is realized when you die. It's realized by your children or other beneficiaries as part of your estate. If you don't have kids, don't want kids and otherwise have no younger family (ie nieces, nephews, etc) that you wish to leave inheritance to... then you should live your retirement years to their fullest and just make sure you can maintain whatever standard you want to a certain age. Other's will want to take into consideration what they wish to leave behind, and a property (or % owned of a property) is very much part of that equation. 

[Baker Boy 1,688]

11 minutes ago, seafoam1 said:

But I can spend the money til I die. Get over it. I choose to live how I like. And I like the freedom of moving and traveling. And having the money being liquid. 

And why do you believe that homeowners can’t do this? There is also an option for a reverse mortgage on homes. So you can spend the equity in your home if you want to.

[seafoam1 2,803]

7 minutes ago, Baker Boy said:

And why do you believe that homeowners can’t do this? There is also an option for a reverse mortgage on homes. So you can spend the equity in your home if you want to.

Show me where I ever said anything bad about someone who wants to buy a home. I simply got attacked for my choice of living. And I backed up my decisions. It has nothing to do with what you all want.

That is what the haters want to focus on. That I'm wrong. Yet, I am living the dream for me.

[Baker Boy 1,688]

8 minutes ago, seafoam1 said:

Show me where I ever said anything bad about someone who wants to buy a home. I simply got attacked for my choice of living. And I backed up my decisions. It has nothing to do with what you all want.

That is what the haters want to focus on. That I'm wrong. Yet, I am living the dream for me.

Maybe not in this thread, but there was another thread where you were trying to convince people that home ownership was stupid and renting was much smarter.

[seafoam1 2,803]

12 minutes ago, WhiteWonder said:

Get over what? I wasn't advocating one way or the other. No need to get bent out of shape .  

Just pointing out that a home portion of your net worth not being realized by you, personally, when you die means nothing. None of your net worth is realized when you die. It's realized by your children or other beneficiaries as part of your estate. If you don't have kids, don't want kids and otherwise have no younger family (ie nieces, nephews, etc) that you wish to leave inheritance to... then you should live your retirement years to their fullest and just make sure you can maintain whatever standard you want to a certain age. Other's will want to take into consideration what they wish to leave behind, and a property (or % owned of a property) is very much part of that equation. 

I don't need to leave anything behind. I raised my kid to be successful in life and she is. If she struggled with life I would think differently maybe. But in her 20s, she's set up to be not needing my money and to be proud of herself for her own achievements and to be able live how she wishes. 

I can't imagine using up all my money, so she will get some of it most likely, but it's good to know she doesn't need it. 

[seafoam1 2,803]

4 minutes ago, Baker Boy said:

Maybe not in this thread, but there was another thread where you were trying to convince people that home ownership was stupid and renting was much smarter.

I remember specifically pointing out that I wasn't putting down home ownership if that's what you want. 

I really don't understand why you all care about my approach to my retirement years. I'm fully capable of managing it in a way that suits my lifestyle. 

[WhiteWonder 2,677]

2 minutes ago, seafoam1 said:

I don't need to leave anything behind. I raised my kid to be successful in life and she is. If she struggled with life I would think differently maybe. But in her 20s, she's set up to be not needing my money and to be proud of herself for her own achievements and to be able live how she wishes. 

I can't imagine using up all my money, so she will get some of it most likely, but it's good to know she doesn't need it. 

good lord you are a child yourself. glad your own kid didn't turn out like you 

needing to leave something behind and wanting to are not the same thing. Just like you are "living your dream", some people dream of building generational wealth. Regardless, the point was that saying a house, as part of your net worth, is useless when you die is incorrect. It's just as useful or useless as any other part of your net worth, depending on your goals.  

[seafoam1 2,803]

1 minute ago, WhiteWonder said:

good lord you are a child yourself. glad your own kid didn't turn out like you 

needing to leave something behind and wanting to are not the same thing. Just like you are "living your dream", some people dream of building generational wealth. Regardless, the point was that saying a house, as part of your net worth, is useless when you die is incorrect. It's just as useful or useless as any other part of your net worth, depending on your goals.  

Whine all you like. You sound defensive. I'm betting you need to work til you're 80 to survive.

Have fun with that peanut. 

[WhiteWonder 2,677]

3 minutes ago, seafoam1 said:

Whine all you like. You sound defensive. I'm betting you need to work til you're 80 to survive.

Have fun with that peanut. 

you're trying too hard, like usual.  What would I be defensive about? I gave a simple response to your simple comment about homes and death and you immediately got defensive about renting... which is odd because I never commented about renting (I have owned and rented and currently rent). So who is the defensive one? Maybe the one who needs to add 'peanut' at the end of his post.  

[seafoam1 2,803]

17 minutes ago, WhiteWonder said:

you're trying too hard, like usual.  What would I be defensive about? I gave a simple response to your simple comment about homes and death and you immediately got defensive about renting... which is odd because I never commented about renting (I have owned and rented and currently rent). So who is the defensive one? Maybe the one who needs to add 'peanut' at the end of his post.  

Hey, you and your girlfriend 'nobody' started it out if nowhere. That's called being defensive. 

I'm just glad I'm not one of you two idiots in life. 

[Baker Boy 1,688]

1 hour ago, seafoam1 said:

I remember specifically pointing out that I wasn't putting down home ownership if that's what you want. 

I really don't understand why you all care about my approach to my retirement years. I'm fully capable of managing it in a way that suits my lifestyle. 

 

1 hour ago, seafoam1 said:

Whine all you like. You sound defensive. I'm betting you need to work til you're 80 to survive.

Have fun with that peanut. 

That didn’t take long

[seafoam1 2,803]

12 minutes ago, Baker Boy said:

 

That didn’t take long

I was speaking to his defensiveness, nothing else. When people attack me for my correct choices in life, You can see they are insecure. It has nothing to do with home ownership. 

You seem defensive as well. Not sure why you need to make some grand point about my wealth and lifestyle. I said in that other thread you mentioned that I don't put homeowners down. You can see it for yourself. 

But the attacks I got against me tells me some of you are suffering and trying hard to justify your investments. 

I care what I do and I'm secure with it. And it's proving out as a quality approach. It's a few of the homeowners on this site that are getting riled up.  And I don't know why but I suspect it's because they are insecure with the financial choices they have made in life. 

[WhiteWonder 2,677]

2 hours ago, seafoam1 said:

Hey, you and your girlfriend 'nobody' started it out if nowhere. That's called being defensive. 

I'm just glad I'm not one of you two idiots in life. 

started what? I still have no clue what your delusional ass is talking about. 

[WhiteWonder 2,677]

2 hours ago, seafoam1 said:

I was speaking to his defensiveness, nothing else. When people attack me for my correct choices in life,

show me where I attacked you? you are not only a moron but a pathological liar. 

I literally commented only on the idea that someone's home that they own doesn't do anything for them when they die. End of story. I made no reference to your personal choices. 

 

.... and you actually call other people defensive      can't make it up

[lickin_starfish 1,893]

I have 12 crickets, 40 digital tokens, and a carbon credit good for a gas-engine taxi trip. They don't know that I'm hiding a pair of old wool socks.

[Raven Fan 362]

2 hours ago, seafoam1 said:

I was speaking to his defensiveness, nothing else. When people attack me for my correct choices in life, You can see they are insecure. It has nothing to do with home ownership. 

You seem defensive as well. Not sure why you need to make some grand point about my wealth and lifestyle. I said in that other thread you mentioned that I don't put homeowners down. You can see it for yourself. 

But the attacks I got against me tells me some of you are suffering and trying hard to justify your investments. 

I care what I do and I'm secure with it. And it's proving out as a quality approach. It's a few of the homeowners on this site that are getting riled up.  And I don't know why but I suspect it's because they are insecure with the financial choices they have made in life. 

LOL

This moron thinks a lifetime of renting is somehow better or equal than owning a home.  Dipchit pays someone else's mortage and taxes and upkeep.  He builds zero equity.  He gets zero tax advantages.  And his rent goes up every freaking year.  Plus he has to live with a collection of strangers who likely all think, rightly so, he's a moron.  Imagine having to live above, below, and right next to strangers...

Talk about being financially illiterate.  I'll bet he has to steal $7 streams too.

 

[WhiteWonder 2,677]

2 hours ago, Raven Fan said:

LOL

This moron thinks a lifetime of renting is somehow better or equal than owning a home.  Dipchit pays someone else's mortage and taxes and upkeep.  He builds zero equity.  He gets zero tax advantages.  And his rent goes up every freaking year.  Plus he has to live with a collection of strangers who likely all think, rightly so, he's a moron.  Imagine having to live above, below, and right next to strangers...

Talk about being financially illiterate.  I'll bet he has to steal $7 streams too.

 

i have no doubt he is financially illiterate and his "living the dream for me" is likely the result of some poor choices earlier in life. his level of stupidity and lack of reading comprehension is well documented.

However, why does his renting mean he has to have any strangers? You are aware you can rent a house? I rent a townhome for example. no strangers above or below me or to my left.  And even if he is in an apartment "complex" or building, the idea of living with a collection of strangers is really no different than anyone living in a standalone house in a suburban neighborhood. It's all neighbors for everyone... and yours likely think you're a moron as well. 

[seafoam1 2,803]

3 hours ago, Raven Fan said:

LOL

This moron thinks a lifetime of renting is somehow better or equal than owning a home.  Dipchit pays someone else's mortage and taxes and upkeep.  He builds zero equity.  He gets zero tax advantages.  And his rent goes up every freaking year.  Plus he has to live with a collection of strangers who likely all think, rightly so, he's a moron.  Imagine having to live above, below, and right next to strangers...

Talk about being financially illiterate.  I'll bet he has to steal $7 streams too.

 

You get dumber by the minute.