tag:blogger.com,1999:blog-6587699706949333863.post3239644179323375005..comments2024-03-27T23:39:33.499-05:00Comments on Passive Income Pursuit: Net Worth Update - August 2013Passive Income Pursuithttp://www.blogger.com/profile/13947101854482544346noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6587699706949333863.post-60029705890837113302013-09-24T06:11:30.480-05:002013-09-24T06:11:30.480-05:00Money Stepper,
50% is still amazing and nothing ...Money Stepper, <br /><br />50% is still amazing and nothing to beat yourself up about. Congrats on that! Everyone's situation is different so comparing straight up doesn't really give fair comparisons. If you were married with kids and a house then that's a big difference from my situation of married no kids and renting. Although now we have the house and all of it's related expenses so the savings rate will tick down some. <br /><br />It's always good to increase your income! Especially when you know you can drop most of it to the bottom line and to savings.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-18117643434114795182013-09-19T16:39:49.392-05:002013-09-19T16:39:49.392-05:00Wow - we are currently hitting about 50% saving of...Wow - we are currently hitting about 50% saving of net income and were happy until I read this. 80%+ is phenomenal. Time to increase my income I guess... :)Anonymoushttps://www.blogger.com/profile/08582517175123371539noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-28058487754744518122013-09-12T08:32:08.758-05:002013-09-12T08:32:08.758-05:00PMU,
I've noticed so often that for most DGI...PMU, <br /><br />I've noticed so often that for most DGI/FI/ER folks it's all about the cash flow, which it should be, but to me the balance sheet is just as important as gives an idea of the risk involved. Say I have some rental properties and am mortgaged up to my neck in debt but have plenty of rental income to cover the rental expenses plus my own expenses. That's great! But what if something happens to all my rentals and for whatever reason I can't rent them anymore, or not for the same price. Area went bad, a big business/employer in the area left town or any other reason. Now I'm stuck with trying to still cover the mortgage payments but have less income coming in or none at all. Th e cash flow just doesn't give enough of a full picture. Just like with analyzing a company, you're not going to look at the income statement, cash flow statement, or balance sheet alone, you'll look at all of them in tandem with each other. Same thing with personal finance if you want to get the full picture.<br /><br />Just my thoughts.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-30576422722818855772013-09-12T08:26:12.636-05:002013-09-12T08:26:12.636-05:00FFDividend,
Thanks for the compliments. As long...FFDividend, <br /><br />Thanks for the compliments. As long as this isn't turning into a Single White Female type situation. <br /><br />I'll be checking out your blog over the next few days. I love getting comments from new bloggers because it helps to inspire me to continue to push on and hopefully inspire others.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-74368790764214115262013-09-11T09:35:38.240-05:002013-09-11T09:35:38.240-05:00"While cash flow is more important when it co..."While cash flow is more important when it comes to financial independence, it's still good to look at the balance sheet too"<br /><br />I completely agree with this. I think way too many income investors ignore networth because to them its all about the cash flow. You do not have to make it your strategy goal but I just don't get ignoring networth completely.Pulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-49818260509800254432013-09-11T09:13:23.925-05:002013-09-11T09:13:23.925-05:00I want to one day grow up and be like you. lol
Gr...I want to one day grow up and be like you. lol<br /><br />Great Post and blog. Keep it up.FFDividendhttp://ffdividend.blogspot.com/noreply@blogger.com