The Inevitable New The Inevitable Trump Mocking Thread

Just because you read it in an airport be-a-rich-daddy book does not make it the correct use of language.

Your 1st, 2nd, 3rd or 100th "domicile" - if you bought it as opposed to renting it from someone else - is YOUR asset, regardless of "net income." You could have net income of 0 or -450,000 a month, and if a form asks you to list your assets, you will list your "domicile" if you care about filling out the form correctly.

Net income has nothing to do with assets. Fixed assets, in general, produce no net income until they are sold - at which point - ironically, they are no longer your asset but now have produced net income... Oh. My. God!

So don't be like Bruddah. Don't pretend to be an economicalish jeanius by using actually financial and accounting words the way some guy who is becoming a rich-dad on your nickel uses them. Use them the correct way. That way you won't have to revise your federal forms 100 times like Crooked Jared.

I helped a business partner fill out her FAFSA today. Tip: From what we read, your principal "domicile" does not need to be listed as an asset to be considered in your Fafsa, but any other "domiciles" you own, including vacation house and perhaps rentals, depending on how you hold them, have to be listed. If you hold rental property in an LLC or CA corp, and report it on a schedule E you can probably call it a "business" but if you only air BnB it a few times, use it yourself, pay upkeep out of commingled personal funds, you probably should list it as a personal asset.

Another friendly PSA from your friend Friesland
You’re a little late on the realization that we’ve been using the language of finance. All you people need to know is that your home loan is not a liability for the bank. Your first clue would be your monthly payment to. Rental properties are also often an asset and a liability. But again, not a liability for the bank. No amount of Airport reading will convey that fact better than cash flowing to the bank from the borrower monthly. What FAFSA wants, FAFSA gets...... if you want to qualify. Net Worth assets and Net income from assets are not the same. Personal Finance and business finance is not the same. Wage income and investment income is not the same. You have a business partner that can’t fill out a FAFSA form without your help? Fries U grads. What a deal.
 
th


STUDY: Trump TV News 90% Negative in 2018...
 
What’s great is that the new AG doesn’t view the Mueller investigation as a witch hunt. Mr. Trump has problems...which he’s trying to cover up with all the shutdown noise. LOL.
 
Interesting -- AG nominee Barr discloses that he is incompetent for the job -- “I have not personally researched Emoluments Clause. I can’t tell you what it says at this point.”
 
Breitbart London @BreitbartLondon




Brazil: Bolsonaro to Extradite Italy’s ‘Red Terrorist’ Given Asylum Under Socialists https://www.breitbart.com/latin-america/2018/11/08/brazil-bolsonaro-to-extradite-italys-red-terrorist-given-asylum-under-socialists/ …


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10:50 AM - Nov 8, 2018
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[URL='https://t.co/pf7jp0PDgl']

Brazil: Bolsonaro to Extradite Italy's 'Red Terrorist' Cesare Battisti
Brazil's Jair Bolsonaro claimed he would do "everything legally in my power" to authorize extradition of Italian terrorist Cesare Battisti.

breitbart.com[/URL]
 
How's that unchecked muslim immigration doing?

Afghan Migrant Arrested After 87-year-old Woman Brutally Killed
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BORIS ROESSLER/AFP/Getty Images
15 Jan 2019183

2:05
Police in the German city of Jena have arrested a 23-year-old asylum seeker from Afghanistan following the discovery of the body of an 87-year-old German woman believed to have been murdered.
The body of the German pensioner was discovered on Saturday morning in a cellar in Jena-Winzerla with police believing the woman had been murdered. An arrest warrant was drawn up on Sunday evening with police managing to arrest the 23-year-old Afghan migrant, a neighbour of the woman according to Thüringer Allgemeine.


Police spokesman Patrick Martin commented on the case to German tabloid Bild, saying: “The way in which the woman died is currently being determined in one section. Also, it must be clarified whether and what involvement the suspect had in the homicidal offence.”

The 87-year-old had been missing for two days prior to the discovery of her body as her relatives had previously turned to the police for help in finding her.
 
You’re a little late on the realization that we’ve been using the language of finance. All you people need to know is that your home loan is not a liability for the bank. Your first clue would be your monthly payment to. Rental properties are also often an asset and a liability. But again, not a liability for the bank. No amount of Airport reading will convey that fact better than cash flowing to the bank from the borrower monthly. What FAFSA wants, FAFSA gets...... if you want to qualify. Net Worth assets and Net income from assets are not the same. Personal Finance and business finance is not the same. Wage income and investment income is not the same. You have a business partner that can’t fill out a FAFSA form without your help? Fries U grads. What a deal.
This is maybe the best one yet. “...your home loan is not a liability for the bank.” Very good, Izzy! It’s actually an asset for the bank! Did you know that owning debt is an asset? Having a debt obligation is a liability. Basic stuff.
 
This is maybe the best one yet. “...your home loan is not a liability for the bank.” Very good, Izzy! It’s actually an asset for the bank! Did you know that owning debt is an asset? Having a debt obligation is a liability. Basic stuff.
Fries U, what a deal. So basic that you missed it. You really shouldn’t wander away from Net Worth arguments.
 
You’re a little late on the realization that we’ve been using the language of finance. All you people need to know is that your home loan is not a liability for the bank. Your first clue would be your monthly payment to. Rental properties are also often an asset and a liability. But again, not a liability for the bank. No amount of Airport reading will convey that fact better than cash flowing to the bank from the borrower monthly. What FAFSA wants, FAFSA gets...... if you want to qualify. Net Worth assets and Net income from assets are not the same. Personal Finance and business finance is not the same. Wage income and investment income is not the same. You have a business partner that can’t fill out a FAFSA form without your help? Fries U grads. What a deal.

None of this dim-bulb word salad tells us where, on the bank balance sheet, they list your "domicile" as their asset.

It does not tell you this because there is NO place on a bank balance sheet where your "domicile" is listed as "their asset." If they list a "domicile" as a bank asset it is because it is no longer your asset.

Iz just says stupid shit cause it makes him think he seems smart.

Do this: Call your bank. Ask where your "domicile" is listed under their "bank assets."

The idea that "assets" only include "assets that produce cash flow" is made up by a guy who wants to sell books. It is not what it means. Company books, personal books, bank books, all sorts of books list tons of assets that do not produce cash flow.

The stupidity of talking about "domiciles" as "bank assets" when you mean "mortgage" is just Iziotic word games, and not true on top of it.

Now, tell us about that Fed printing press. Where do they keep it?
 
Didn't you recently post that Mexican is not a race?
You are corresponding with a person who has no integrity whatsoever, he will just lie, change his story, claim you are wrong and then claim victory. It's what they do, dizzy, lil' ho, bear, multi, no-brains even the ex-plumber had taken it up, it's just who they are, trolls.
 
You are corresponding with a person who has no integrity whatsoever, he will just lie, change his story, claim you are wrong and then claim victory. It's what they do, dizzy, lil' ho, bear, multi, no-brains even the ex-plumber had taken it up, it's just who they are, trolls.


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