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You can be paying a mortgage on a house worth 100,000 dollars, have a dead-end job, live paycheck to paycheck, with no more than 1000 dollars in savings, and s
by TEP_Kim_Il_Sung 4y ago
You can be paying a mortgage on a house worth 100,000 dollars, have a dead-end job, live paycheck to paycheck, with no more than 1000 dollars in savings, and still count as a net-worth millionaire.
- 8n4vidtmkvmk 4y agoHuh? Wouldn't that put your net-worth at $101,000 minus the amount owing on your mortgage?
- TEP_Kim_Il_Sung 4y agoNot mine, no. I have no house.
- TEP_Kim_Il_Sung 4y agoI suppose some agencies count your ability to generate revenue?
- 8n4vidtmkvmk 4y agoNo. Networth is your current value, not future.
- astura 4y agoNo they don't.
- astura 4y agoNo you can't, that's not what "net-worth millionaire" is. Net worth is assets minus liabilities. If you had no savings or investments and a $100,000 house with a $99,000 mortgage your net worth would be $1,000, not a million dollars.