One of the things I notice is that many people don't understand things. Take the rich. They think that a billionaire has a swimming pool full of cash because he has a high net worth. All they think of is cash.
Like most people, my biggest assets are my home and vehicles.
My home is currenty appreciating (even after being adjusted for inflation). My pickup is a depreciating asset. (Used pickups are insanely epensive these days. They depreciate slowly)
Before the brake problems it was worth about $4K. When the brakes started acting up its value dropped to about $2.5K. When I threw $3K at it for repairs and cosmetics it jumped to about $7-8K in value. As a depreciating asset it will depreciate from $8K instead of $2.5
Repairing it increased my paper wealth by over $3K.
Enter the idiot that looks confused and says "I don't see no cash."
That's because I have not liquidated it yet, fool.
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