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re: Are you in the 1% club?
Posted on 1/25/15 at 7:38 pm to nolanola
Posted on 1/25/15 at 7:38 pm to nolanola
I don't disagree, but I think a truer number for retirement purposes is something I call "liquid worth".
That is, what do I own that is making me money?
Commercial real estate, stocks that pay dividends, CDs, etc.
To realize the value of a house, you have to sell it. It will generally appreciate, but after you sell, you hve to find another place to live.
That is, what do I own that is making me money?
Commercial real estate, stocks that pay dividends, CDs, etc.
To realize the value of a house, you have to sell it. It will generally appreciate, but after you sell, you hve to find another place to live.
1
Posted on 1/25/15 at 7:43 pm to VetteGuy
quote:
To realize the value of a house, you have to sell it. It will generally appreciate, but after you sell, you hve to find another place to live.
That is when you need to travel the county in your RV.
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