$2.73 is the winner

[Tailgate]

reminded me of a lady that worked for me racked up 80k in credit card debt and she and her unemployed, worthless hubby kept digging that hole deeper...clueless

 

[calmloki]

I like cash, real cash, and having very little debt. That said, the cartoon shows that the only person with a positive net worth is a bum - those with debt are the ones who are successful. Hmm. Some truth there - if I pay with check or cash I get no discount, but if I rack up debt through the month Fidelity gives me 2% cash back. My sister has had a series of new cars and car loans while I buy used cars for cash. She, arguably, travels with more safety, comfort, and fewer repairs than me. Conceivably those with a negative net worth are living better than those who eschew debt. Here's a concept - use debt and have a strong net worth! doesn't make as good a cartoon though..

 

[mickeyd]

only person with a positive net worth is a bum

Not 'bum", work challenged citizen of the world.

 

[Walt34]

the only person with a positive net worth is a bum

Not 'bum", work challenged citizen of the world.

Person of small but independent means.

 

[calmloki]

I do flunk PC 101. Indigent American.

 

[splitwdw]

I like cash, real cash, and having very little debt. That said, the cartoon shows that the only person with a positive net worth is a bum

The "bum" made me think of that woman that was panhandling in New York and drove a nice car.

 

[Big_Hitter]

He's not a bum he's a hobo.

 

[Totoro]

Here's the fun part:

Those americans are actually in the bottom 30% in terms of wealth. Try entering 1000 USD here:
Global Rich List

"Your personal wealth is equal to the combined wealth of 1 person in Myanmar."

Now what is wrong with this picture ...

 

[Big_Hitter]

where's Myanmar?

 

[harley]

He's not a bum he's a hobo.

Looks more like a bum to me. Hobo - Wikipedia, the free encyclopedia.

I wanted to grow up to be a hobo at one point. Got into Robert Service poetry and Woody Guthrie music when I was 12 or 13. Sounded like the way to go to me. Even hopped a train once in Richmond, and rode it a couple of miles to school. Won't be trying that one again.

 

[Rickt]

where's Myanmar?

Myanmar used to be called "Burma". It is located southeast of India & Bangladesh

 

[Sunset]

I worked downtown in large city and walked blocks from the train station to work. Every day I'd see a number of "bums" and I learned that they each had their spot, and were pretty regular. Once I went in early, and as I walked by the parking garage, out came one of my "bums" walking very quickly as he ran across the street holding his crutches under his arms. He was in a rush to get to his spot before someone else took it over.
I'm so glad I never gave him any money.

 

[Big_Hitter]

Myanmar used to be called "Burma". It is located southeast of India & Bangladesh

I was being sardonic.

 

[Fermion]

Except for student loans, child support, and maybe some alimony agreements, your net worth really can never be negative as you can always file bankruptcy and gain a clean slate (perhaps even slightly positive if they allow you to keep a cheap car).

It is a choice to maintain a negative net worth and in most cases a reasonable one. I would not want to stay at negative net worth for years though...

 

[haha]

Except for student loans, child support, and maybe some alimony agreements, your net worth really can never be negative as you can always file bankruptcy and gain a clean slate (perhaps even slightly positive if they allow you to keep a cheap car).

It is a choice to maintain a negative net worth and in most cases a reasonable one. I would not want to stay at negative net worth for years though...

Not all debt is dischargeable in bankruptcy, so you can definitely have a negative net worth.

Ha