Just a question for people calculating PNW (personal net worth). For real estate, are you using the purchase price or the current market value?
In my case, I bought a house in 2018 and Zillow says it's worth 68% more right now. I think the Zillow figure is too high, but the purchase price is unrealistically low as well. Or maybe I should split the difference and add 34% to the purchase price and use that.
The real-estate mogul, of course, suggests he’s actually worth much more — valuing his own brand at as much as $10 billion.
... “I think it’s the hottest brand in the world.”
Yeah, I mean the Ford logo was good for $23B back in 2006, but I guess 10 > 23.5. Alternative math and all.
That's why religious leaders are starting to turn on him. He's cutting in on their racket.
I'm with ya on that. I could rant on and on about privacy, but this ain't the place for that, I guess. The gov't promised if we let ISPs and telcos turn over our data they could catch all the terrorists, and now 20 years later they can't even catch kids making prank phone calls (SWATting) or telemarketers.
I guess it's true, people get the leadership they deserve.
Seriously. Why act like the NSA are the bad guys? It's literally their job. They would be negligent in their duties if they didn't do it.
If people want more privacy, they need to change the fucking laws.
Nice! I'm approaching that mark. Hopefully I'll get there by the end of this year. The market was spooked by Tesla and Intel this week, but I think it'll recover by the end of the month.
Oops, I should have specified - find a good tax advisor. I'd always assumed tax advisors were all pretty competent, but I guess some aren't.
And, to be clear, I'm not talking about a tax preparer. Where I live, pretty much anyone can take an online course and become a tax preparer. An actual tax advisor would typically be someone with a degree in accounting, at a minimum.
It's just frustrating because financial articles always say "consult a tax professional before making any moves" or something like that. But how many of us have our own tax professional? I don't even know where to find one.
I don't mind paying the tax. That's not the problem. I just hate all the complexity. We shouldn't have to rely on an entire industry just to file our taxes. I remember the days of filling out a 1040-EZ by pencil and mailing it in to the IRS. Nowadays, my nephew (single, no kids) pays someone $140 to file a simple return.
Anyone feel like a tax advisor would be more helpful than a financial advisor?
Years ago, I had a financial advisor, and I wasn't really impressed by the experience. He steered me into some investments that weren't really appropriate (If I'm in my 30s, I don't want bond funds or income funds, I want growth). Eventually, I got rid of him after he trailed the S&P for 2 years in a row.
Really, investing isn't hard. If you don't know anything else, just invest in the S&P 500.
Being tax efficient is the hard part. I've made some dumb tax moves over the years - converting my whole IRA to Roth at once instead of spreading it out over multiple years, not making a Roth contribution because selling a rental property put me over the income limit(I didn't know about backdoor Roths at the time).
Paying a few hundred to talk to a tax professional once a year could have probably saved me thousands. I imagine nowadays you could get similar info from an AI chatbot though.
Good luck, and congrats on the "outstanding"!
I don't think the handheld data is accurate. The Steam Deck, and any other x86 handheld, will probably be lumped in with PC sales. But still, the Nintendo Switch should have huge numbers by itself.
Feeling called out by this. I mean those cars are tasty.
No, not planning on staying there. I love the house, but I bought it in a self directed Roth IRA, so I'd have to withdraw it from there in order to actually live in it. It's had such a big gain in only 5 years, I don't really expect that to continue. After insurance and property tax, the rental income is only a 4.9% return on what I originally paid for it.
I hate these inflated prices. It's hard to make any decisions because everything looks overpriced.