Category Archives: Uncategorized

Your Net Worth According To Wealth Managers And Socialists

One of the common beliefs I’d like to overturn is the idea that one shouldn’t count their primary residence as part of their net worth. This belief is propagated by the wealth management industry because wealth managers only earn fees based on your liquid net worth. Ideally, wealth managers would also like you to believe that your 401k, IRA, and any tax advantageous retirement account are not part…
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The Percentage Of People With No Wealth Outside Their Home Is Sad

I recently stumbled across a fascinating chart by Deutsche Bank highlighting that more families than ever before have ZERO or NEGATIVE non-home wealth. In other words, roughly 30% of households have no 401k, no IRA, no after-tax investment account, no private equity investments, no venture debt investments, no nothing beyond the value of their primary…
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