What are you worth?

[Kyuji]

I don't have any loans

That you know of.

I know I don't have any loans.

[Margno]

I think I'm about $40,000 in debt. I'm not gonna go check.

[Lucipurr]

Infinite.

[Sibirsky]

I should really answer myself I suppose

Investment portfolio currently valued at £632,478 as of yesterday (8.2% increase over the year)

Rental income : £27,600 p.a.

Salary : £115,000 p.a. (slight variation as dictated by performance )

Home : £425,000 roughly

Debts : £0

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

[L Ron Cupboard]

Sentimental value only.

[New Tyran]

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

Made my day.

[Frazers]

I should really answer myself I suppose

Investment portfolio currently valued at £632,478 as of yesterday (8.2% increase over the year)

Rental income : £27,600 p.a.

Salary : £115,000 p.a. (slight variation as dictated by performance )

Home : £425,000 roughly

Debts : £0

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

You should know that this is very much a lay discussion with answers placed in the context of others displayed understanding.

Presumably the youth use family figures

[Sibirsky]

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

You should know that this is very much a lay discussion

A lay discussion changes the definition of words now?

[Frazers]

You should know that this is very much a lay discussion

A lay discussion changes the definition of words now?

As it always has.

[Galloism]

I should really answer myself I suppose

Investment portfolio currently valued at £632,478 as of yesterday (8.2% increase over the year)

Rental income : £27,600 p.a.

Salary : £115,000 p.a. (slight variation as dictated by performance )

Home : £425,000 roughly

Debts : £0

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

Since when is a home not an asset?

[Ermarian]

You should also know that a home is not an asset.

How does that work? It can be sold or used as security; doesn't that make it an asset by definition? Provided you own it, that is.

[Ifreann]

I should really answer myself I suppose

Investment portfolio currently valued at £632,478 as of yesterday (8.2% increase over the year)

Rental income : £27,600 p.a.

Salary : £115,000 p.a. (slight variation as dictated by performance )

Home : £425,000 roughly

Debts : £0

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

I've seen it suggested here recently that one's parent's money counts as one's own.

[Ovisterra]

Probably like €2000 at most. €300 in cash, around €600 in various assets (mostly electronics) and approximately €1100 in shares. This is all very much an estimate.

You should also know that a home is not an asset.

I was going to make a witty remark here, but I've decided against it and will go for the direct approach instead: you are wrong.

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

I've seen it suggested here recently that one's parent's money counts as one's own.

Seriously? Fuck, I gotta go grab their credit cards.

[Caninope]

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

Since when is a home not an asset?

Additionally, wealth is simply a sum of an income series, so while salary is not an asset, it is very relevant to the discussion of worth and wealth.

[Tagmatium]

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

I've seen it suggested here recently that one's parent's money counts as one's own.

In what regard?

I know my parents would be OK with helping me out of a difficult financial situation, but I no longer live with them (nor have I for the last eight years) and I can't imagine that such a claim really means much once one has moved out of one's parents' home.

[Ovisterra]

I've seen it suggested here recently that one's parent's money counts as one's own.

In what regard?

I know my parents would be OK with helping me out of a difficult financial situation, but I no longer live with them (nor have I for the last eight years) and I can't imagine that such a claim really means much once one has moved out of one's parents' home.

I don't think it means much before one has moved out of one's parents' home either. I'm living at home but I think my parents would be a little peeved if I started buying things with their money.

[Esternial]

Well, if you're talking about all my savings and property, between $10,000.01 - $100,000.00, probably close to the left margin.

Most of it comes from my savings. Don't have any loans, since uni is fairly cheap in Belgium and my parents can afford it.

[Ifreann]

I've seen it suggested here recently that one's parent's money counts as one's own.

In what regard?

I think it was Vazdania who didn't think there was a difference between his parents donating to various Republican campaigns and him donating to them.

[Galloism]

Since when is a home not an asset?

Additionally, wealth is simply a sum of an income series, so while salary is not an asset, it is very relevant to the discussion of worth and wealth.

In that case, non-discretionary spending would also be very relevant.

[Allentyr]

I'm a self-proclaimed rocket scientist.
I must be around $1,000,000.

[Sibirsky]

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

Since when is a home not an asset?

Since always. An asset generates income. A home is an expense.

Notice how I did not raise issue with his rental income? That's an asset. It generates income, in the form of rent.

[Sibirsky]

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

I've seen it suggested here recently that one's parent's money counts as one's own.

That explains it.

[Esternial]

Since when is a home not an asset?

Since always. An asset generates income. A home is an expense.

Notice how I did not raise issue with his rental income? That's an asset. It generates income, in the form of rent.

That being said, houses have a value, so you can probably add the current net value of your house to your total financial worth.

Provided you actually own it.

[Farnhamia]

Since when is a home not an asset?

Since always. An asset generates income. A home is an expense.

Notice how I did not raise issue with his rental income? That's an asset. It generates income, in the form of rent.

"In financial accounting, an asset is an economic resource. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).[1]"

There are expenses associated with home ownership, to be sure, but the home itself and the land it sits on are assets because they can be converted to cash.

[Divair2]

I should really answer myself I suppose

Investment portfolio currently valued at £632,478 as of yesterday (8.2% increase over the year)

Rental income : £27,600 p.a.

Salary : £115,000 p.a. (slight variation as dictated by performance )

Home : £425,000 roughly

Debts : £0

For someone of considerable wealth, you should know that a salary is not an asset.

You should also know that a home is not an asset.

40% of users on a forum with a median age of 17 have a net worth of half a million or more?

Sure...

I have no doubt many are voting for their parents' net worth.