Net Worth

menasan · 1 year

mint.com depressed me when i put in all my stuff.

supertrollish · 1 year

The few homeless people I knew who weren't schizophrenics or drug addicts were generally tens of thousands of dollars in debt.

hellie012 · 1 year

Child: Freeloader.

AlphaRedditor · 1 year

Guess that roof over your head and hot meal doesn't count for anything.

Mackinstyle · 1 year

Kinda like saying that the U.S. is the poorest nation because it has the most debt. While that may be true, the U.S. has the great power to generate capital. The hobo doesn't.

brancron · 1 year

Earning potential not accounted for.

massivedooker · 1 year

This assumes the one begging doesn't have a mountain of debt waiting for him if he ever want to enter back into society.

Versh · 1 year

I can't get over how poorly drawn this comic is!

You're better than this Chris Eaton (wherever you are), even if your web domain expired.

bottom_of_the_well · 1 year

i always thought this comic was clever until i realized that everyone except the student could just cash in their property and have many thousands of dollars plus.

mambypambyland · 1 year

Unfortunately that just looks like total liabilities and not net worth.

phayd · 1 year

My 401k lol'd

stfuirl · 1 year

Anyone ever read Daniel Suarez's "Daemon"? The book actually addresses this somewhat, proposing a communal new world order that combines augmented reality with World of Warcraft. If anything, it's an interesting read.

sigma_noise · 1 year

um.. "Earning Potential"

rhbast2 · 1 year

That homeless guy is homeless because of his $67,998.56 medical bill he got from stubbing his toe in the good ole USA.

talas43 · 1 year

Let it be noted that the little girl doesn't have anything above her head.

808140 · 1 year

Now redo this comic, but with the present value of their future cash flows.

Oops. Kills the sentiment, doesn't it.

Jericho_Hill · 1 year

Yeah, the artist seems to fail at the definition of net worth.

saltywings · 1 year

You could just pay that off by whoring yourself out to 10 fat chicks for $50 each...

1 year

[deleted]

NovelTea420 · 1 year

My student loan is why i'm not afraid of identity theft... i almost pray someone will steal my identity so they can take over the bill! It's like the Seinfeld where his car started to stink after doing valet parking and he just wanted someone to steal it.

[deleted] · 1 year

I understand that the comic is making a comment on debt in modern society but... at least in America, it's unlikely that the majority of the people pictured would have a negative net worth.

The typical American household has a net worth of about $90,000. Slightly under 25% have negative net worth, but it's likely that this group largely consists of people who are one or more of: young/unmarried/renting/uneducated, and even this is no good guarantee of negative net worth as the median net worth of each of these demographics - while much lower than the general population - is still positive. Meanwhile, the median net worth of households with the head of household over 35 is ~$200k, of couples ~$150k, of homeowners ~$230k, and of college graduates ~$280k. (Source, table 4.)

lightslash53 · 1 year

if you count physical property then the numbers change slightly, except for the college student. the whole premise of owing money is that you get something ( a house, a car, whatever) in return.

RelevantMusic · 1 year

Because going to a community college, only buying things you can afford, and not spending money you don't need to is so hard.

I try to only spend money on things I have the money for. The only possible things I can see myself spending money on that I don't have is a house and possibly a car. And even then I'd just buy a shit-box that would stay running like an old buick. Am I naive in saying this?

I feel like spending lots of money is this unbreakable American taboo that no one can break from even though it's not that hard at all.

pinefreshener · 1 year

I remember this repost from 2009

missoulian · 1 year

Speaking of reposts...

nutano · 1 year

There was a lady in the US that got caught in an simple scheme.

Her husband worked and she didn't. She would dress up like a bum and go panhandle on a busy spot and bring in sometimes over $400 a day in change - tax free!

If you do the math - if you find a spot where 50 people a minute walk-by and only 1% of them give $1. That makes $30\hour salary, tax free. More than alot of folks out there make.

However for most than panhandle, it is not by choice and not an easy life that is often riddled with additctions and abuse or mental illness.

31stan · 1 year

On the contrary, the guy on the street is probably there because he has ammassed so much debt he has destroyed his credit and likely has no chance of paying it back.

chris-martin · 1 year

When I got my mortgage about a year ago, my plan was to pay it down as quickly as possible. Recently, however, I realized that the growth of my investments is higher than the interest rate on my mortgage - So, although it kind of bothers me, it is to my advantage to stay "in debt".

pHBalance · 1 year

I like how the kid has no net worth associated with it whatsoever. Everyone should be that kid.

SwellJoe · 1 year

Cash flow is king.

RobbyTheSheef · 1 year

I'm laughing because I'm not homeless and I rent a house but I have zero debt. I don't own a single credit card, and everything I own I have bought with money I actually had.

LiptonCB · 1 year

It's time for this misleading comic again?

Damn. I need to start saving these and reposting them, myself.

apullin · 1 year

Who would be stupid enough to rack up $10K in credit card debt?

Also, the car loan one is misleading. The car is still worth something, so it's not just a complete negative. Similarly, the left-most guy's "bank loan" might the the last $10K on his house that's worth 500K.

[deleted] · 1 year

I once had a bum ask me for money and I told him he had more than me. (about $-200,000 in mortgage, student loans, etc.) Then he went on to say that he wasn't able to qualify for loans. I wish i wasn't able to qualify for a loan a few years ago and I wouldn't have a foreclosure on my report :-/

MrFlagg · 1 year

ASSETS

guy in the tie ... current earning potential

student ... future earning potential

jogging chick ... great tits earning potential

mom with the kid ... could pimp out the kid

1 year

[deleted]

Killobyte · 1 year

I'm always stunned at the number of homeless people asking for change in and around my college campus. I'm like "Dude, I'm $100,000 in debt, if you have NO money you have more money than I do."

uparrow · 1 year

I made this last time this was submitted. Can you spot the eight differences?

[deleted] · 1 year

Art school: ten cents. In the artist's case.

ThatGuyYouKnow · 1 year

This reminds me of every time my university asks me to donate as an alumni. It's especially bad when they have current students calling and asking for donations. All I say to them is "I still owe $17k for my education. I'll contribute to others' education when I pay mine off".

Clayburn · 1 year

There's more to life than money. And the homeless guy has neither.

MadPowDisease · 1 year

Ok, now compute the net present value of all of them.

fuzzb0y · 1 year

For a moment I read this as Wet North... I think too much internets is causing me to become dyslexic.

Actiontec · 1 year

The Taxmaster is reborn. Only quintuple reposts can kill the Taxmaster.

saltlakedave · 1 year

Sometimes... truth is stranger than fiction.

itsnowornever · 1 year

This whole picture would change if it showed purchasing power instead of net worth. Or earnings potential.

Dustin_00 · 1 year

Somebody totaled my 10 year old Saturn last year.

Bought a new limited edition SUV to replace it.

With cash. (well credit card, then paid it off -- 2% rewards program = 2% discount on car)

No television, no home phone, living on the cheep... lots of stock but nobody can see what I control.

Retire by age 50.

Jim808 · 1 year

I'm at roughly -$150,000. give or take. (mortgage)

JesseMckaneWilson · 1 year

Dont forget the tens of thousands of dollars worth of medical attention that man needs.

philosorapper · 1 year

Debt, n. An ingenious substitute for the chain and whip of the slavedriver. ~Ambrose Bierce

squalex · 1 year

i guess none of those people have life insurance

jdub2255 · 1 year

Your net worth is not the balance of your bank account.

depnot · 1 year

Where are the net present values of expected future cash flows for each of these people? They are most likely making monthly payments on all these debts they have, therefore the instant snapshot of cash on hand vs. debt is not accurate.

huberty92 · 1 year

It's sad to think that our entire society is based on a credit-based system which only furthers our debts each day. 50 years ago NOTHING was purchased with credit or debt.

matlick · 1 year

Let's be realistic and have the student loan debt be like $200,000+

bradb66 · 1 year

It can be assumed every one of those people with negative net worths will head home to a house, with a bed, and a fridge filled with food in it. Regardless of how much debt they carry, they are still far richer than the homeless guy, and the millions of homeless worldwide.

bunnybunbun · 1 year

Funny, I work at a bankruptcy firm now (just got hired, been there two days).

&I learned more about finance&money-management in the past two days than I did in the past twenty years of my life.

HEY PEOPLE. DON'T CHARGE CREDIT YOU CAN'T PAY OFF AND DON'T BE GREEEDYYYYY.

Also... be careful when you buy a home.

brownmandm · 1 year

I'm leaving school with +$16000.

God bless Canada.

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