Net worth or income? - GoFuckYourself.com

slapass · 02-27-2005, 12:14 PM

I used to watch my net worth but now that I am in porn my income is a much better gage of how I am doing. If you gave most people a million dollars they could not retire on it. Even 2 million most of us would have to work. Wealth is better defined by income. High income allows you to do what you want.

theking · 02-27-2005, 12:22 PM

Quote:

Originally Posted by slapass

I used to watch my net worth but now that I am in porn my income is a much better gage of how I am doing. If you gave most people a million dollars they could not retire on it. Even 2 million most of us would have to work. Wealth is better defined by income. High income allows you to do what you want.

One million invested in low yield but safe mutual funds will return an easy $10,000.00 per month. I think most people can live off of $120,000 per year.

slapass · 02-27-2005, 12:23 PM

Quote:

Originally Posted by theking

One million invested in low yield but safe mutual funds will return an easy $10,000.00 per month. I think most people can live off of $120,000 per year.

No it won't 12% is off the hook good return. And no way you can do that with an income fund right now.

thaifan99 · 02-27-2005, 12:24 PM

Most people never have enough...... always end up wanting more....

Steen2 · 02-27-2005, 12:27 PM

net income. What's 1m/month if it's costing you 2m/month to operate?

theking · 02-27-2005, 12:28 PM

Quote:

Originally Posted by slapass

No it won't 12% is off the hook good return. And no way you can do that with an income fund right now.

I do. I average over 1% per month per annum and have been...even during downturns in the market. The bulk of my monies are in realatively safe mutual funds and the rest is in a couple of moderately higher risk funds.

12clicks · 02-27-2005, 12:32 PM

Quote:

Originally Posted by slapass

I used to watch my net worth but now that I am in porn my income is a much better gage of how I am doing. If you gave most people a million dollars they could not retire on it. Even 2 million most of us would have to work. Wealth is better defined by income. High income allows you to do what you want.

Nope, net worth is still the gauge. Income is the gauge of people who don't have much net worth.

slapass · 02-27-2005, 12:35 PM

Quote:

Originally Posted by 12clicks

Nope, net worth is still the gauge. Income is the gauge of people who don't have much net worth.

Could be the case. I own commercial property and my net worth is ok and makes over 10% a year cash on cash but that is nothing compared to the monthly income from the adult stuff.
And it is true I am not referring to the Bill Gates crowd.

slapass · 02-27-2005, 12:37 PM

Quote:

Originally Posted by theking

I do. I average over 1% per month per annum and have been...even during downturns in the market. The bulk of my monies are in realatively safe mutual funds and the rest is in a couple of moderately higher risk funds.

Is this in cash you can spend or are we talking about equity build up? Either one you are smoking hot as the market did 5% last 12 months with a 3% dividend yield on average. Long term bonds are closer to 6%.

theking · 02-27-2005, 12:45 PM

Quote:

Originally Posted by slapass

Is this in cash you can spend or are we talking about equity build up? Either one you are smoking hot as the market did 5% last 12 months with a 3% dividend yield on average. Long term bonds are closer to 6%.

It would be cash that I could spend if I took out dividends...but I don't. I receive a VA check and Social Security disablility...and being single...and zero debt...my monthly income is more than adequate for me. BTW...one of my accounts lost 3 thousand last month and a few months ago one of my accounts lost 8 thousand...but in the past few years...I have still averaged over 1% per month per annum. I am invested with Schawb and Vanguard.

Techie Media · 02-27-2005, 12:46 PM

Quote:

Originally Posted by 12clicks

Nope, net worth is still the gauge. Income is the gauge of people who don't have much net worth.

True words Ron

polish_aristocrat · 02-27-2005, 01:59 PM

bump for a good thread

woj · 02-27-2005, 03:01 PM

Quote:

Originally Posted by slapass

I used to watch my net worth but now that I am in porn my income is a much better gage of how I am doing. If you gave most people a million dollars they could not retire on it. Even 2 million most of us would have to work. Wealth is better defined by income. High income allows you to do what you want.

Come on, with 2 million you can retire easilly, put the money in virtually zero-risk 5%-6% bonds and you end up with around 100k/year after tax income.

AlienQ - BANNED FOR LIFE · 02-27-2005, 03:05 PM

Quote:

Originally Posted by 12clicks

Nope, net worth is still the gauge. Income is the gauge of people who don't have much net worth.

Bingo.

There is a difference between "Rich" and "Wealthy".

HUGE!

Illicit · 02-27-2005, 03:05 PM

Guage by Net worth. Eventually you will retire and will have no real income to talk of. You will be living off your Net worth for the rest of your life.

pornguy · 02-27-2005, 03:07 PM

10k per month??? Maybe not quite that high, but at least 5k, and that is a nice living for most people. Especially when you dont have to do anything.

V_RocKs · 02-27-2005, 03:48 PM

Quote:

Originally Posted by ajpiii

Guage by Net worth. Eventually you will retire and will have no real income to talk of. You will be living off your Net worth for the rest of your life.

In this business that is simply not true. I can see slapass leaving the industry in 15 years and puting someone else in charge of his shit. Then spliting the money so that he is essentially still making 50% of his old income, just doesn't need to do anything for it.

slapass · 02-27-2005, 04:09 PM

Not sure my shit would be around. But a guy like "the hun" can sell his site for good money. But if it was a real business, it would be worth 3-5 times more at least. He probably has a great net worth but he has a fantastic income. A couple mil a year sort of makes it so you can do what ever you want when ever you want.

5% on 2 mil is pretty good so you would make 100k but it is then capped. You going to live on that forever? What is a safe bond? People thought WCOM or Kmart was safe. What if rates go up and shave your net worth 10%? you still get your 100k but it sucks. You want a house? deduct that from the income on the hard cash side. 3% inflation for a few years and you are ack to work.

AlienQ - BANNED FOR LIFE · 02-27-2005, 04:11 PM

Seriously guys, Being worth nothing is worth everything

woj · 02-27-2005, 04:23 PM

Quote:

Originally Posted by V_RocKs

In this business that is simply not true. I can see slapass leaving the industry in 15 years and puting someone else in charge of his shit. Then spliting the money so that he is essentially still making 50% of his old income, just doesn't need to do anything for it.

Things are changing way too fast in this business. If he hires someone now to run things for him, I'm willing to bet that 5 years from now, the business will not make a quarter of it is making now.

5 years ago, a 16 year old high school dropout could make 6 figures in this business without even trying, now it's not THAT easy anymore. Online businesses of today will be crushed by innovative ideas of tommorow. The only way to sustain the income is to keep up with the updates, and that means continuing to work, hiring someone to run things for you won't cut it.

Trax · 02-27-2005, 04:28 PM

12% return... yeah sure lol
half of that is more realistic

slapass · 02-27-2005, 04:35 PM

Quote:

Originally Posted by Trax

12% return... yeah sure lol
half of that is more realistic

If he is doing that then I would love to invest with him.

rollinOn20s · 02-27-2005, 04:37 PM

Well, it all depends now doesn't it. If you invest it wisely, and aren't s big spender, then you should have no problem living off that. But I agree the net income os prolly a better way to gauge how you are doing!

rickholio · 02-27-2005, 05:31 PM

Quote:

Originally Posted by pornguy

10k per month??? Maybe not quite that high, but at least 5k, and that is a nice living for most people. Especially when you dont have to do anything.

Depends on your circumstances. $5k/month is a good general number for 'maintenance'. If you're on your own or just you and the missus in a house that's been paid for and you're just chillaxin' and enjoying, 5k/month would easily cover daily expenses and provide plenty of extra capital for additional investment, hobbies, trips and whatnot.

If you're supporting a wife and 2 kids in a house with a $1500/mo loan payment, you're not going to go anywhere fast on $5k a month. Additional descretionary spending would be nonexistant, and any sort of emergency would require you to dip into your investments. Of course, someone with a mil or so invested pulling a solid 6% as dividend is probably not going to be in an unpaid house, but you get the idea.

I'd say $10k/mo would do most anyone for all the basics and then some unless you have like 20 kids, 3 ex-wives and a fat mortgage. Anything beyond that is just conspicuous consumption.

... and fuck, isn't conspicuous consumption what this industry is all about?

andrej_NDC · 02-27-2005, 05:54 PM

people who do nothing get old too fast

theking · 02-27-2005, 07:55 PM

Quote:

Originally Posted by slapass

If he is doing that then I would love to invest with him.

My average over the years has actually been something over 1% per month per annum. I have made as high as 8% in a single month. I am somewhat surprised that every one that is invested does not have a similar return. BTW it is the moderately high risk investments that fluctuate...but also pays the higher average yield. The mutual fund accounts have a low yield but I have enough in mutual funds that it amounts to a substantial dividend each month. I chose different investment accounts without any real knowledge...and have maintained the same accounts (other than a couple that I got rid of) over the years. Bottom line is I do not personally play the market and for the most part maintain the same investment accounts. Maybe I just got lucky in the options that I chose.

slapass · 02-27-2005, 10:25 PM

theking you are doing well. I invest real estate and do better then that. just barely and we have management and a lot more risk. But I get about 8-10% cash on cash and then appreciation which is about 8-12%(no one question this, it has to do with leverage). So in the long run I do great on that stuff but with huge risk.

The reason for the thread was my income is way out of proportion to my net worth. I invested 50% of my income from 2004 and it still did not keep up with the income side. So I got thinking maybe having a steady and sizable income was better in the long run right now.

Illicit · 02-27-2005, 10:27 PM

Quote:

Originally Posted by V_RocKs

In this business that is simply not true. I can see slapass leaving the industry in 15 years and puting someone else in charge of his shit. Then spliting the money so that he is essentially still making 50% of his old income, just doesn't need to do anything for it.

If thats your retirement plan, I dont think its a very good idea. Way to many things can go wrong and your fucked

Donny · 02-27-2005, 10:28 PM

Quote:

Originally Posted by theking

One million invested in low yield but safe mutual funds will return an easy $10,000.00 per month. I think most people can live off of $120,000 per year.

I couldn't. Seriously.

slapass · 02-27-2005, 10:29 PM

Quote:

Originally Posted by ajpiii

If thats your retirement plan, I dont think its a very good idea. Way to many things can go wrong and your fucked

I think it is ok. He does not have to give the farm away but having more employees and taking more of a manager roll is appealling.

Illicit · 02-27-2005, 10:33 PM

Quote:

Originally Posted by slapass

theking you are doing well. I invest real estate and do better then that. just barely and we have management and a lot more risk. But I get about 8-10% cash on cash and then appreciation which is about 8-12%(no one question this, it has to do with leverage). So in the long run I do great on that stuff but with huge risk.

The reason for the thread was my income is way out of proportion to my net worth. I invested 50% of my income from 2004 and it still did not keep up with the income side. So I got thinking maybe having a steady and sizable income was better in the long run right now.

If you invest in real estate, all the equity your getting because of those properties should help your net worth a great deal. Sure you might owe a shit load on mortgages, but as long as you owe less than they are worth you should be building a nice net worth.

slapass · 02-27-2005, 10:38 PM

Quote:

Originally Posted by ajpiii

If you invest in real estate, all the equity your getting because of those properties should help your net worth a great deal. Sure you might owe a shit load on mortgages, but as long as you owe less than they are worth you should be building a nice net worth.

I do but the money it spins off does not compare to adult. So I plow the money from adult in property but maybe i should plow the property cash into adult? I probably couldnot afford thehun.com but maybe a nice smallish paysite?

Take cash from lower return, highly valued projects and buy high cash flow, lower value projects.

Illicit · 02-27-2005, 10:44 PM

Quote:

Originally Posted by slapass

I do but the money it spins off does not compare to adult. So I plow the money from adult in property but maybe i should plow the property cash into adult? I probably couldnot afford thehun.com but maybe a nice smallish paysite?

Take cash from lower return, highly valued projects and buy high cash flow, lower value projects.

I guess it all comes down to how much risk you want to open yourself up too. Property is very safe as long as you limit you liability correctly (an LLC for each property, so if someone sues, at worst they can only go after 1 property). Where as Adult isnt a guaranteed investment. You could throw alot of money at something that could end up just being worthless.

I would leave the money in property. Its a safer long term investment. then someday when u just wanna retire, hire a property management company to take care of the properties, and collect a check every month. Having someone take over the adult stuff would be to risky.

pxxx · 02-27-2005, 10:46 PM

I make no serious money, so i cannot relate to you guys. I am learning though, for the time when i start making serious money. EXCELLENT thread slapass.

02-27-2005, 12:14 PM	#1
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	Net worth or income? I used to watch my net worth but now that I am in porn my income is a much better gage of how I am doing. If you gave most people a million dollars they could not retire on it. Even 2 million most of us would have to work. Wealth is better defined by income. High income allows you to do what you want.

02-27-2005, 12:24 PM	#4
thaifan99 Confirmed User Join Date: Jul 2003 Location: London UK Posts: 3,029	Most people never have enough...... always end up wanting more.... __________________ ARE YOU A FAMILY MEMBER? CLICK HERE TO FIND OUT!

02-27-2005, 12:27 PM	#5
Steen2 Confirmed User Join Date: Feb 2004 Location: Vancouver, Canada Posts: 7,662	net income. What's 1m/month if it's costing you 2m/month to operate? __________________ ICQ: 2262.73945

02-27-2005, 01:59 PM	#12
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	bump for a good thread __________________ I don't use ICQ anymore.

02-27-2005, 03:05 PM	#15
Illicit wtf ? Join Date: Dec 2003 Location: GFY Posts: 11,895	Guage by Net worth. Eventually you will retire and will have no real income to talk of. You will be living off your Net worth for the rest of your life. __________________ Insert Sig Here

02-27-2005, 03:07 PM	#16
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	10k per month??? Maybe not quite that high, but at least 5k, and that is a nice living for most people. Especially when you dont have to do anything. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

02-27-2005, 04:09 PM	#18
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	Not sure my shit would be around. But a guy like "the hun" can sell his site for good money. But if it was a real business, it would be worth 3-5 times more at least. He probably has a great net worth but he has a fantastic income. A couple mil a year sort of makes it so you can do what ever you want when ever you want. 5% on 2 mil is pretty good so you would make 100k but it is then capped. You going to live on that forever? What is a safe bond? People thought WCOM or Kmart was safe. What if rates go up and shave your net worth 10%? you still get your 100k but it sucks. You want a house? deduct that from the income on the hard cash side. 3% inflation for a few years and you are ack to work.

02-27-2005, 04:11 PM	#19
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Seriously guys, Being worth nothing is worth everything __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

02-27-2005, 04:28 PM	#21
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	12% return... yeah sure lol half of that is more realistic

02-27-2005, 04:37 PM	#23
rollinOn20s Confirmed User Join Date: Nov 2004 Location: ontario Posts: 2,006	Well, it all depends now doesn't it. If you invest it wisely, and aren't s big spender, then you should have no problem living off that. But I agree the net income os prolly a better way to gauge how you are doing! __________________ Trade With xApsters Thumb TGP's Today - Some Of The Biggest and Best On The Net!

02-27-2005, 05:54 PM	#25
andrej_NDC Registered User Industry Role: Join Date: May 2004 Posts: 7,760	people who do nothing get old too fast

02-27-2005, 10:25 PM	#27
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	theking you are doing well. I invest real estate and do better then that. just barely and we have management and a lot more risk. But I get about 8-10% cash on cash and then appreciation which is about 8-12%(no one question this, it has to do with leverage). So in the long run I do great on that stuff but with huge risk. The reason for the thread was my income is way out of proportion to my net worth. I invested 50% of my income from 2004 and it still did not keep up with the income side. So I got thinking maybe having a steady and sizable income was better in the long run right now.

02-27-2005, 10:46 PM	#34
pxxx First African GFY Member Join Date: Mar 2004 Location: New Jersey Posts: 12,114	I make no serious money, so i cannot relate to you guys. I am learning though, for the time when i start making serious money. EXCELLENT thread slapass.