HI Bill
Thinks s/he gets paid by the post
- Joined
- Dec 26, 2017
- Messages
- 2,556
Congrats! You guys are rockin' for your ages, if not undersaving for your income!
I'm going to stick with the concept of invested assets. Right now, we are about to buy a house, with 50% down. If I included the house, it would have a $0 value, as we will owe the same amount as we equity.
To me, it's about invested assets, WR, and cash flow. Real estate that you live in or that doesn't generate income doesn't count, whether or not you hold a mortgage. If you can't pay your mortgage with your WR, then you have a different problem.
I'm going to stick with the concept of invested assets. Right now, we are about to buy a house, with 50% down. If I included the house, it would have a $0 value, as we will owe the same amount as we equity.
To me, it's about invested assets, WR, and cash flow. Real estate that you live in or that doesn't generate income doesn't count, whether or not you hold a mortgage. If you can't pay your mortgage with your WR, then you have a different problem.
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