I think it’s worth pointing out that “net worth” ≠ “liquid holdings” (money available to spend on a good visa). I remember the first time I spoke to a financial advisor and he told me that they (UBS) had calculated our net worth at a little over $850k even though our savings were ~$10k and our monthly burn rate was just about 100% of our earnings. Their fuzzy math is ludicrous.
EDIT: All Donnie’s plan would do is instantly halve the value of the dollar.
I think it’s worth pointing out that “net worth” ≠ “liquid holdings” (money available to spend on a good visa). I remember the first time I spoke to a financial advisor and he told me that they (UBS) had calculated our net worth at a little over $850k even though our savings were ~$10k and our monthly burn rate was just about 100% of our earnings. Their fuzzy math is ludicrous.
EDIT: All Donnie’s plan would do is instantly halve the value of the dollar.
I, personally, include my mom’s Ty Beanie Babies™ collection in my net worth as I will one day inherit this vast menagerie.