Subscribe: Comments on: Your Greatest Asset is The Ability to Create Income
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assets  depends perspective  disability insurance  gold  income  insurance  money  net worth  net  retirement  ryan  valuable  worth 
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Preview: Comments on: Your Greatest Asset is The Ability to Create Income

Comments on: Your Greatest Asset is The Ability to Create Income



Money Management, Small Business, Career



Last Build Date: Tue, 12 Dec 2017 22:45:44 +0000

 



By: Ryan

Thu, 04 Jun 2009 02:54:06 +0000

John, yes it depends on perspective, as well as a few other factors such as age, retirement status, etc. Those in retirement may be able to live off their nest egg, which would then be more valuable than going out and earning more money. For the stage of life I am in (around age 30), my ability to earn money is more valuable than the amount of money I have in the bank or retirement accounts.



By: John

Wed, 03 Jun 2009 22:46:54 +0000

Interesting concept but really depends upon perspective. Net Worth bit I think needs testing as depends on what measurement you use to calculate. Another measure of net worth would simply be if income were zero then net worth is the time you have left until you have exhausted all assets. Fully agree that the more forms of income generating assets in your portfolio the better. Royalties and patents are difficult assets to obtain for the investor, I would love to stand corrected when I say this.!!



By: Ryan

Wed, 09 Jan 2008 12:22:08 +0000

Hello Teaspoon, I never thought about being worth your weight in gold, but that's a great comparison! I wholeheartedly agree about the disability insurance. I have a limited amount through my employer, but it is time for me to look at adding more. Thanks for the comment!



By: Teaspoon

Wed, 09 Jan 2008 08:57:52 +0000

Enjoyed the post. ADding as one of my favorites from the Carnival of PF. I really like to review ric edeleman's articles every now and then I find something that makes a new paradigm shift. He did this same topic from the point that you need to get your disability insurance before any other type of insurance ... cause like you say, you're protecting your most imporant asset! I never thought much about disability insurance until this concept hit me, aftetwards I've checked up my virtually free insuraance offered at work and learned more about the short term vs. long term disaibilty insuance. Definitely an eye opener, kudos on a great perspective. Morale of the story: Educate and insure yourself ... you're worth more than your weight in gold and maybe more! At 190lbs I'm worth at least $2,402,208.00 in gold :-)



By: Ryan

Tue, 08 Jan 2008 21:09:19 +0000

Thank you for the compliment, D4L. :)



By: Dividends4Life

Tue, 08 Jan 2008 21:08:01 +0000

Ryan: Another excellent post! Thanks for sharing it. I plan to include your article in my weekly carnival review this Friday. Best Wishes, D4L



By: Ryan

Mon, 07 Jan 2008 17:50:45 +0000

Hi Art, I agree, time is a big factor when considering this. The longer you can earn an income, the longer you have to make that money work for you. Of course, I am only talking in financial terms. Health, religion, and your mind are all more valuable assets than money. ;)



By: Ryan

Mon, 07 Jan 2008 17:48:07 +0000

Writer's coin, that is one of the reasons I blog. I also enjoy learning, sharing, and holding myself accountable. But, yes, earning a side income is one of the things I talk about doing to improve your own personal finance situation, so at least you know I practice what I preach! :)