Move My Net Worth Laguna Beach tour with Silver Fisher
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Move My Net Worth w/ Silver Fisher
If a bank has liabilities that exceed its net worth?
If a bank has liabilities that exceed its net worth it:
A. will not be able to meet the legal reserve ratio.
B. is considered to be insolvent.
C. most likely is a heavy borrower from its district Federal Reserve Bank.
D. may or may not be a profitable firm.
most banks have liabilties (ie deposits) that exceed its net worth. It would only be insolvent if its liabilities exceeded its assets.
the answer is likely D.
If you auto liability insurance is equal to your net worth would you ever need to pay out of pocket if sued?
Lets say my net worth was $100,000. If my Bodily Injury Liability insurance was $100,000 would that mean I would never have to pay out of pocket if somebody sued me due to a car accident?
Could I be sued for more that I own and still be forced to pay out of pocket? Or can I only be sued for what I have and the auto insurance will pay all of it?
Lets say you were negligent in a collision where a young mother or father of two or three kids died in the accident. You probably would be sued and a judgment rendered against you well in excess of your limits. Yes you would have to pay out of your pocket and if necessary, they could take almost everything you own. If severely injured, medical alone could eat up $100,000.00 and you would still be sucking eggs.Talk to your insurance agent about an umbrella policy.r
D. Walker: Total liabilities exceed networth of all American…
http://awesome.goodmagazine.com/goodsheet/images/goodSheet_006_Economy.jpg
Duration : 0:5:39
How can I increase my net worth?
What is the best business/investment plan to increase my net worth quickly if I have already paid off all debts?
One of the fastest ways to bump it up big is to take out a life insurance policy on yourself. Life insurance premiums are considered an asset.
Take out a $500,000 policy and you’ll immediately (with the right type of policy) have a net worth increase of that amount!
Next, you need to invest and you need to do it as diversely as you can afford. Get into an IRA or a 401k if your employer offers it. Do both if you can afford it!
Set aside some money of your own to invest directly in stocks and bonds. I STRONGLY suggest you seek the professional opinion of a certified financial planner to do this. E-Trading on your own doesn’t always go real well.
Move My Net Worth
Move My Net Worth Laguna Beach Mansion PartyIs 100k a pathetic net worth for 30 years old?
If a guy is 30 years old and only has a net worth of 100k, is he a loser?
I mean, I figure most people start working when they are 22 (after college), so assuming a wage of 50k, for 8 years, that’s 400k.
So that means the average 30 years old should have at least 200k in the bank right?
If your 30 and have 200K in the bank your a real looser…………just think your return is less than 0.25%……..a winner would have invested that amount in a much higher return structure……so it depends……….100K invested at 5% or 200K invested at 0.25%……….think about it……
1 OF 3 PCIJ REPORTS – UNEXPLAINED WEALTH OF PRES. GLORIA ARROYO AND FIRST GENTLEMAN MIKE ARROYO
1 OF 3 PCIJ REPORTS – UNEXPLAINED WEALTH OF PRES. GLORIA ARROYO
http://www.pcij.org/stories/2009/arroyo-wealth.html
Gloria gets richer fastest, beats Cory, Ramos, Erap
First of Three Parts
A FORTNIGHT ago in her ninth State of the Nation Address, Gloria Macapagal Arroyo fired sharp, staccato broadsides at her critics, and in a tone bold and boastful declared: I am falsely accused, without proof, of using my position for personal profit.
There isnt a day, she said, I do not work at my job or a waking moment when I do not think through a work-related problem. Even my critics cannot begrudge the long hours I put in.
A president must be on the job 24/7, ready for any contingency, any crisis, anywhere, anytime, Arroyo continued, because the people deserve a government that works just as hard as they do.
By all indications, President Arroyo has worked very hard. In fact, she has worked so hard that during her first years as president, official records show her declared wealth as growing faster, and by amounts much bigger, than the combined growth in the declared wealth of three presidents before her.
The late President Corazon C. Aquinos declared net worth grew by only 4.8 percent from 1989 to 1992. By comparison, Fidel V. Ramoss rose by 34.2 percent from 1992 to 1998, and Joseph Erap Ejercito Estradas, by 7.2 percent from 1998 to1999.
PCIJ reports in 2000, though, revealed that the mansions and other assets held by Estrada and his mistresses were worth multiple times more than his declared net worth. Less than a year later, Arroyo came to power after a botched impeachment trial of Estrada for unexplained wealth triggered a people-power revolt.
READ MORE…..3 PARTS REPORT http://www.pcij.org/stories/2009/arroyo-wealth.html
Duration : 0:8:43
High Net Worth-Oil-Helicopters Part 3
high net worthWhat percentage of your net worth should be "invested" in your house?
Just deciding how much house to buy. I’m near retirement and can pay cash for house for most houses cause ~60% of my net worth is liquid, after I sell my current house that is.
You did not give enough information to answer the question. There isn’t any formula for this. How big is your family? What is your lifestyle? Where do you live? Are you willing to gamble in the current real estate market? What is your net worth? Do you have any other retirement?