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The Water Cooler
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How many millionaires do we have here?
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<blockquote data-quote="GlockPride" data-source="post: 3565537" data-attributes="member: 12153"><p>Gents, a millionaire is a definition. Not a feeling or a guess. It’s very easy and simple to calculate (and I appreciate the humility of many here).</p><p></p><p>The equation is: the value of what you own MINUS the cost of what you owe= net worth.</p><p></p><p>Sometimes that net worth number fluctuates as real estate grows or weakens or the stock market pulls back or roars forward.</p><p>I’m curious why money/“worth”/finances are so verboten to discuss in the US? I get some of the social oddities and uncomfortableness, but even parents that refuse to talk to their children, kids who refuse to seek the guidance of elders and churches, schools and employers that don’t whisper a peep.</p><p></p><p>The US would be so much better off if those from the age of 8-88 better understood finances, debt loads, cash flow, investments, interest rates and financial vehicles. For if they did, NOT a one of the critters in CONgress today would be there and this country would be much, much better off with her vast resources!</p></blockquote><p></p>
[QUOTE="GlockPride, post: 3565537, member: 12153"] Gents, a millionaire is a definition. Not a feeling or a guess. It’s very easy and simple to calculate (and I appreciate the humility of many here). The equation is: the value of what you own MINUS the cost of what you owe= net worth. Sometimes that net worth number fluctuates as real estate grows or weakens or the stock market pulls back or roars forward. I’m curious why money/“worth”/finances are so verboten to discuss in the US? I get some of the social oddities and uncomfortableness, but even parents that refuse to talk to their children, kids who refuse to seek the guidance of elders and churches, schools and employers that don’t whisper a peep. The US would be so much better off if those from the age of 8-88 better understood finances, debt loads, cash flow, investments, interest rates and financial vehicles. For if they did, NOT a one of the critters in CONgress today would be there and this country would be much, much better off with her vast resources! [/QUOTE]
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