worse financial advice u've seen or heard... "move back in with your

[Peachy Fish]

Those MLM companies...I know a few people who did it and tried to convince others to buy in the bs, too. Less than a year later, they're still financially struggling and are now left with junk.

[tRouBLe]

again with the houses

it's call UNREALIZED LOSES/GAIN
you can give your house any value you want
above the market price or below

shoot you can even say your house is worth $2 million (hahahaha)

but until you sell it for $2 million
it is UNREALIZED LOSES/GAINS

You do understand that a gain is a gain, whether realized or not?  In addition, if you really understood Accounting and/or Finance, you would also understand that there are other aspects that come into play when calculating “net” worth.

Carry on.....   

[flint-rod]

You do understand that a gain is a gain, whether realized or not?  In addition, if you really understood Accounting and/or Finance, you would also understand that there are other aspects that come into play when calculating “net” worth.

Carry on.....   

hmgrock sounds self educated... lol!

[monbuk]

My family of 6 recently moved in with my parents 9 month ago. We all share a 3 bedroom house.Top reason is to pay off bills, and save to buy a house. I'm from Cali so it is extremely expense. My parents only need me to help out with $600/month for all bills. Rent in my neighborhood is averaging $2,000/month. Average home that i would like, $400,000.  My wife and i have professional level jobs. We are house hacking right now and following Dave Ramsey's saying, " Live like no one else today, we can live like no one else tomorrow. "

[flint-rod]

My family of 6 recently moved in with my parents 9 month ago. We all share a 3 bedroom house.Top reason is to pay off bills, and save to buy a house. I'm from Cali so it is extremely expense. My parents only need me to help out with $600/month for all bills. Rent in my neighborhood is averaging $2,000/month. Average home that i would like, $400,000.  My wife and i have professional level jobs. We are house hacking right now and following Dave Ramsey's saying, " Live like no one else today, we can live like no one else tomorrow. "

no disrespect but as "professionals" you sound like you have money management issues...

[Yebleng]

My mom is 70. Single/widow and living with me. I will quit my job, take her in and care for her as she did with me before I let people pass judgment on me.

[hmgROCK]

You do understand that a gain is a gain, whether realized or not?  In addition, if you really understood Accounting and/or Finance, you would also understand that there are other aspects that come into play when calculating “net” worth.

Carry on.....   

a GAIN IS NOT A GAIN
cash is king

you can built a $50k house and say it's worth $500k
but until you sell it for $500k
it's UNREALIZED


just like these tin can for $1k
give it any price tag you want
but until you actually sell it

[tRouBLe]

a GAIN IS NOT A GAIN
cash is king

you can built a $50k house and say it's worth $500k
but until you sell it for $500k
it's UNREALIZED


just like these tin can for $1k
give it any price tag you want
but until you actually sell it

You are missing parts to your equation and I don’t have the time nor patience to teach/inform you.......so you do you.   

[hmgROCK]

You are missing parts to your equation and I don’t have the time nor patience to teach/inform you.......so you do you.   

lol

we just talking here
relax, no need to get mad
just teaching some basic economic

you can give your house any price tag you want
shoot, don't stop at $2 million

go ahead.....
tell and lie to yourself, your house is worth $20 million   
add that $20 million to your bank account
because A GAIN IS A GAIN RIGHT

that's why we call it
UNREALIZED   wishful thinking

[flint-rod]

lol... u can't just arbitrarily value your home... i mean you can but it doesn't mean a whole lot... the market does... for instance... the homes in my area have sold for 400k to 430k... the market dictates it... not me... lol!

[theking]

You do understand that a gain is a gain, whether realized or not?  In addition, if you really understood Accounting and/or Finance, you would also understand that there are other aspects that come into play when calculating “net” worth.

Carry on.....   

OH YO...

[theking]

just teaching some basic economic ...

 

[YAX]

Yep, agree that it's not good advice ... as I was taught how to support myself when out of the nest and/or contribute to the family, and not leech off others from a young age.

UNLESS, you have parents like YAX where he doesn't care if his kids abuse him and don't respect him, he'll still create enabling behaviors...by allowing them to leech off of him..

There used to be a time when you were all under the same roof because you supported your parents while they helped watch your young children.

Nowadays, it's either:

- grown kids and their family leeching off parents.

or

- aging parents are abandoned by grown kids.

But there are incidents of parents who leech off kids, grand kids, and don't want to play their role as grandparents.

Great minds think alike and so do limited, stingy and (let's not forget) Selfish minds.

[hmgROCK]

lol... u can't just arbitrarily value your home... i mean you can but it doesn't mean a whole lot... the market does... for instance... the homes in my area have sold for 400k to 430k... the market dictates it... not me... lol!

Bro

Thats what I’ve been saying
Its call UNREALIZED GAIN/LOSES

Until you sell your house that you claim is worth $400k
Or $2 million
Or $20 million
Or whatever

Its is just that
Wishful thinking
CASH is king
Glad you learned something today

Trust me, my house they say its worth $200k.  Too
I don’t even know if i can sell it for that price and whose going buy

[theking]

Great minds think alike and so do limited, stingy and (let's not forget) Selfish minds.

Ignorant "minds" that can't comprehend "think alike"..."so do" not being able to follow worthless words, due to a "Selfish" narrow ignorant "mind" that can't handle facts..like "ignore" and "I will stop reading what you write"..