Comment on He thinks they'll just GIVE him money?

JoMiran@lemmy.ml ⁨1⁩ ⁨month⁩ ago

I think it’s worth pointing out that “net worth” ≠ “liquid holdings”. I remember the first time I spoke to a financial advisor and he told me that they (UBS) had calculated our net worth at a little over $850k even though our savings were ~$10k and our monthly burn rate was just about 100% of our earnings. Their fuzzy math is ludicrous.

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