Add the number of cars (new or used) you have purchased FOR YOURSELF to the number of PRIMARY residences you have purchased since graduation and subtract the number of years since graduation. DO NOT include cars or houses purchased for parents/spouses/children, etc.
For example, you graduated in 1995 and since that time you have bought/leased 4 cars and 2 primary residence properties.
4 + 2 - 17 = -11.
My number is -18. I've got a sister-in-law that graduated a year ahead of me that is well into positive numbers.
Thread: Personal Financial Planning Poll
Fri Mar 30 2012, 11:27 AM #1
Personal Financial Planning Poll
Last edited by vt90; Fri Mar 30 2012 at 01:49 PM.Some people are like Slinkies - not really good for anything, but you still can't help but smile when you see one tumble down the stairs
Fri Mar 30 2012, 11:34 AM #2
Fri Mar 30 2012, 11:36 AM #3
- Join Date
- October 14, 1999
Fri Mar 30 2012, 11:36 AM #4
Fri Mar 30 2012, 11:36 AM #5
Fri Mar 30 2012, 11:38 AM #6
-5"It's easy to grin, when your ship comes in, and you've got the stock market beat. But the man worthwhile, is the man who can smile, when his shorts are too tight in the seat."
Fri Mar 30 2012, 11:40 AM #7
- Join Date
- January 01, 2005
I bought a 1 nice truck, sold said truck and used the $$$ to buy a beater Saturn and Beater truck. I've rented one apt and then bought a house. I've only been out since '07...
I guess that makes me a 0, but technically I used the $$$$ from car #1 to buy #'s 2&3. so I might could be a -2.
Fri Mar 30 2012, 11:43 AM #8
It was a metric I saw to evaluate fiscal planning ...
Selling/buying the primary residence can easily cost tens of thousands every time it is done ... but if you are buying low and selling high, it is worth it.Some people are like Slinkies - not really good for anything, but you still can't help but smile when you see one tumble down the stairs
Fri Mar 30 2012, 11:44 AM #9
Fri Mar 30 2012, 11:44 AM #10
2 houses (1 rental) + 2 cars (though I have had 2 leased company cars I am not including) - 9 = -5