Comments on The Div Guy: Review of 2011 and New 2012 Financial Plan

Anon, Thanks for your words of wisdom. My relativ...

2012-02-04T20:18:30.258-06:00

Anon,

Thanks for your words of wisdom. My relatives left England in 1639 so I am going to stick with the accounting definition of net worth. You can follow my dividend income post each month on my stock account and get my updated per annum. Cheers.

A century ago in Great Britain when London served ...

2012-02-02T17:02:24.206-06:00

A century ago in Great Britain when London served as the financial capital of the world, you would have heard, “He has a private income of £500,000 per annum.”. This refers to the household income generated by the investment portfolio and represents the (passive) money the owner could spend without ever touching his principal. Due to its origins, it can be refered to as the “British” way of

Anon, I disagree with you. Here is the definition ...

2012-01-08T12:01:14.229-06:00

Anon, I disagree with you. Here is the definition of an asset. How is my interpretation liberal?

An asset is any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property.

Including cars and personal property in your net w...

2012-01-08T09:58:26.408-06:00

Including cars and personal property in your net worth calculation? That is truly a very liberal interpretation of what constitutes an "asset".

I go so far as to exclude our principal residence when calculating our net worth even though it is mortgage free and could sell for $400,000+. I don't view it as an "asset" because it does not generate revenue. It is