Comments on: An Alternative to Networth http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/ Investing and Personal Finance Mon, 15 Mar 2010 20:57:34 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Mr. Cheap http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6786 Mr. Cheap Fri, 04 Jul 2008 01:12:12 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6786 MG: Net Freedom is an excellent suggestion! This conversation is continued on <a href="http://themoneygardener.blogspot.com/2008/07/whats-your-net-freedom.html" rel="nofollow">moneygardener's blog</a>. MG: Net Freedom is an excellent suggestion! This conversation is continued on moneygardener’s blog.

]]> By: moneygardener http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6785 moneygardener Fri, 04 Jul 2008 01:05:17 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6785 Call it 'Net Freedom' ............thanks for this post. I've followed up on the moneygardener. Call it ‘Net Freedom’ …………thanks for this post. I’ve followed up on the moneygardener.

]]> By: weekend links « Paradigm Shifted http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6724 weekend links « Paradigm Shifted Sun, 29 Jun 2008 14:35:47 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6724 [...] Four Pillars asks how long you can do without a paycheck. [...] [...] Four Pillars asks how long you can do without a paycheck. [...]

]]> By: Mr. Cheap http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6681 Mr. Cheap Thu, 26 Jun 2008 20:46:27 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6681 deepali: If you stopped working you would qualify for medicade wouldn't you? As a Canadian I'm supposed to believe that Americans leave their sick out on the street to be eaten by hungry wolves, but I know that's not QUITE the situation. deepali: If you stopped working you would qualify for medicade wouldn’t you?

As a Canadian I’m supposed to believe that Americans leave their sick out on the street to be eaten by hungry wolves, but I know that’s not QUITE the situation.

]]> By: deepali http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6679 deepali Thu, 26 Jun 2008 20:19:55 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6679 Oh, I meant to ask - does my sugar daddy count as an asset? :) Retiring tomorrow is a slight exaggeration. I'd have to get the mortgage payoff info to know for sure. But if I liquidated everything and kept to the frugal student lifestyle, I could go 20 years without the $ from the condo. Further if I moved overseas (as I will be doing next year). That being said, this really illustrates the reason why it's not just about worth but also about how costly your lifestyle is. I guess one thing not being taken into account (as an American) is that if I weren't working, I'd have to pay quite a lot for health insurance coverage... And before anyone thinks I'm a financial genius... it's all my mom. :) Oh, I meant to ask – does my sugar daddy count as an asset? :)

Retiring tomorrow is a slight exaggeration. I’d have to get the mortgage payoff info to know for sure. But if I liquidated everything and kept to the frugal student lifestyle, I could go 20 years without the $ from the condo.
Further if I moved overseas (as I will be doing next year).

That being said, this really illustrates the reason why it’s not just about worth but also about how costly your lifestyle is.
I guess one thing not being taken into account (as an American) is that if I weren’t working, I’d have to pay quite a lot for health insurance coverage…

And before anyone thinks I’m a financial genius… it’s all my mom. :)

]]> By: Mr. Cheap http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6677 Mr. Cheap Thu, 26 Jun 2008 19:05:29 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6677 Deepali: Yup, you got it. Good for you if you're a grad student and you could retire!!! Deepali: Yup, you got it. Good for you if you’re a grad student and you could retire!!!

]]> By: deepali http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6675 deepali Thu, 26 Jun 2008 18:25:54 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6675 Am I understanding this right? Liquidate all your assets, subtract your liabilities, and divide by monthly expenses? So if my condo was worth $10, and I owe $5 on my mortgage, then I have $5 in the numerator (etc)? Damn, I could retire tomorrow. Sadly, it would only make sense to liquidate everything today if I needed to pay for life-saving surgery. Am I understanding this right? Liquidate all your assets, subtract your liabilities, and divide by monthly expenses?
So if my condo was worth $10, and I owe $5 on my mortgage, then I have $5 in the numerator (etc)?

Damn, I could retire tomorrow. Sadly, it would only make sense to liquidate everything today if I needed to pay for life-saving surgery.

]]> By: moneygardener http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6590 moneygardener Fri, 20 Jun 2008 02:54:53 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6590 just figured ours out..it's about 4 years. just figured ours out..it’s about 4 years.

]]> By: moneygardener http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6589 moneygardener Fri, 20 Jun 2008 02:46:13 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6589 interesting concept, I'll have to figure out our timeframe.... interesting concept, I’ll have to figure out our timeframe….

]]> By: Canadian Dream http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/comment-page-1/#comment-6586 Canadian Dream Thu, 19 Jun 2008 23:11:32 +0000 http://www.four-pillars.ca/2008/06/19/an-alternative-to-networth/#comment-6586 YES! I'm not the only one who does this! Actually I sort of like to do this once in a while to remind myself if I ever lose my job I would be fine. I'm about 7.5 years. Tim YES! I’m not the only one who does this! Actually I sort of like to do this once in a while to remind myself if I ever lose my job I would be fine.

I’m about 7.5 years.

Tim

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