Debt

[soyabean]

Net worth of $35m being very different from debt of 35m, of course.
Alex

True !
And if with 50% LVR should be around the mark

 

[aussierogue]

Hi Alex Lee - I think it generated a fair bit of useful discussion.

 

[BayView]

Well , 12 SS members have debts >2M . You just don't know how much greater than 2M !!
35 M still fits into the > 2M cat

Would someone with a net worth or debt of $35m be wasting their time here?

 

[asdf]

Would someone with a net worth or debt of $35m be wasting their time here?

Ha ha... very true mate!

 

[Chris.R_WA]

"Would someone with a net worth or debt of $35m be wasting their time here?"

I know for a fact there are at least 3, probably more...

 

[Nullagine]

Would someone with a net worth or debt of $35m be wasting their time here?

Yes. Whateverelse?

 

[ianvestor]

Could someone please lend me $100, I am right on the edge of one of the voting options

In other news, poll nazi the 2nd says 2,000,000k = 2 billion.

 

[The Y-man]

In other news, poll nazi the 2nd says 2,000,000k = 2 billion.

Fixed it - I think.......

Cheers,

The Y-man

 

[luce.rocks]

$2.5 mil, I consider myself inexperienced when compared to you or many other investors on SS. The reason I said I was surprised is because there are so many seasoned investors on SS and many will have massive debt (in a good way). I read somewhere Ed Chan has a net worth of $35 mil.

How old is Ed Chan? Someone ought to call BRW, they've missed him off their young rich list...

 

[Ausprop]

How old is Ed Chan? Someone ought to call BRW, they've missed him off their young rich list...

the list is wildly inaccurate anyway, it should be relabelled the Celebrity Rich List

 

[aussierogue]

Thought i would bump this thread (yes partly because i intiated it - ha). Wonder how many would admit to this debt level if we ran the poll again? I think in hindsight the poll was useful depsite alexlees protestations...

 

[The Fence]

Ok, I'll tick the 500,000 - 1,000,000 box on 3 IP's and 1 PPOR.

I don't like the title to this thread I'm sorry.....

I prefer to call it 'Liabilities over Assets' instead of 'Debt over liabilities'.

Two completely different ball games. The later being the one most here would not like to 'admit'.....