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re: How wealthy are you?

Posted on 8/26/14 at 3:51 pm to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/26/14 at 3:51 pm to
quote:

i've reached the point in my life where winning is defined by health & general happiness. money is just a tool to reach those goals.


I've been rich and I've been poor.

Rich is better......
Posted by taeemwar
Dallas
Member since Apr 2010
537 posts
Posted on 8/26/14 at 6:25 pm to
How wealthy are you?
quote:
i've reached the point in my life where winning is defined by health & general happiness. money is just a tool to reach those goals.


I've been rich and I've been poor.

Rich is better......


This is so true!!
This post was edited on 8/26/14 at 6:26 pm
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8141 posts
Posted on 8/26/14 at 8:27 pm to
Yeah, because no one ever has debt in their cap structure...
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 8/26/14 at 8:43 pm to
Your Wealth Index (WX) is 0.696= AAW
I am Income Statement Affluent.

It's certainly hard for 30ish year olds, with limited earning time to make a real mark on this chart. It said I would have needed nearly 3x my current net worth to be a PAW. That # seems nearly impossible.
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
39961 posts
Posted on 8/26/14 at 9:09 pm to
30.382!

But I plugged in figures for after I sell my company. Soon as it gets rolling, I'll be well on the way.
Posted by NoSaint
Member since Jun 2011
11283 posts
Posted on 8/26/14 at 10:24 pm to
It's terribly structured. The formula is way to simplistic to be meaningful.
Posted by jondavid11
benton,la
Member since Aug 2007
1152 posts
Posted on 8/26/14 at 10:48 pm to
PAW 10.83
Posted by yellowfin
Coastal Bar
Member since May 2006
97647 posts
Posted on 8/27/14 at 8:11 am to
Sure but if I'm buying your company your debt is staying with you
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 8/27/14 at 10:09 am to
Are you that dense?
Posted by yellowfin
Coastal Bar
Member since May 2006
97647 posts
Posted on 8/27/14 at 10:17 am to
I guess so
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 8/27/14 at 10:22 am to
Maybe everyone is not on the same boat.

How are you defining a 10 million dollar company?

If it is equity value, they aren't nearly as common as you think. Trust me.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9216 posts
Posted on 8/27/14 at 11:31 am to
quote:

I've been rich and I've been poor.

Rich is better......


Rich is OK, way rich is better.
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