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You're Richer Than You May Realize
You may be a lot wealthier than you think. Most people look at their 401(k) or other retirement plan, add in the value of other assets — their home, other investments, savings, etc. — then subtract their debt to get their net worth. After the housing-market bust and the bear-market rout of recent years, that number may look painfully small.
But what's the value of you? That is, how much are your future paychecks worth? That number is your "human capital" — and some experts say it should be a key part of your overall financial planning.
Yes. Let's factor in the value of those future paychecks in a world that increasingly automates and outsources jobs away.
37.9 Million Missing Jobs
And let's not forget that there are other ways to value human capital. This would be especially true if food prices continue to rise.
See? Things don't look so bad now. Do they?
How much is my body worth?
You're worth more than you think!
I knew it! We now have proof!
When we total the monetary value of the elements in our bodies and the value of the average person's skin, we arrive at a net worth of $4.50!
I must admit that I have not included this $4.50 in my personal finances. Shame on me!
5 comments:
"You may be richer than you realize." "Human Capital."
That's it. I'm going on a health kick and ensure my organs are suitable for sale to the Buffets and the Mungers of this world. I got to"suck it in."
Fatboy,
That's the spirit!
Here are a few (crazy) ideas to get you started, lol. ;)
P.S. My favorite is the treadmill bike within that link, lol.
This is the logic that got the whole scam started.
Borrow on your grandchildren!
LOL!!! My verification word is RANSEACK!!
Charles Kiting,
I am borrowing from my grandchildren but I don't even intend to have children!
On a personal level, the math clearly doesn't work, lol. Sigh.
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