Does anyone know of a devout online "retirement calculator" that help you numeral out how much you entail to gather?
Question:
Answer:
CNNMoney: http://cgi.money.cnn.com/tools/retiremen...
Bloomberg: http://www.bloomberg.com/invest/calculat...
AARP: http://sites.stockpoint.com/aarp_rc/wm/r...
and there are others. They adjectives calculate a short time differently. My approach is to make sure they adjectives say I'm contained by good shape.
www.watrustonline.com
Click on "Online Tools" on the toolbar after
"Online Calculators." The third header is "Retirement Calculators"
You can choose from several options to assist you with this press.
You do not need calculators. The rule is is that you should reclaim a percentage of your salary equal to partly your age when you start.
Eg. if you start at 30, you should save 15% until you retire. This includes what your employer contributes.
www.finance.cch.com/tools/calc... hold the best and most comprehensive calculators all-round, including mortgage, retirement, spending, loans, etc.
Go listen to Loral Langemeier's (The Millionaire Maker) website audios.
Sure to have lots of info for you.
http://www.liveoutloud.com?kbid=10666...
For more retirement information commander over to http://www.retirement-life-today.com...
Has anyone heardof Debt Sollutions associates?
Question:
I applied for a personal loan,recieved a call from someone from Debt sollutions associates,they said that I be approved but that the loan had to be secured.The 3 ways that they would support the loan would be if I had 1. a co-signer,2.colateral,or 3. payment insurance blanket method. which would be a deposit of 10% of the loan amt which would be $600.00. I am suppose to western union my surety deposit to Nickesha Hilton who I was told is the organizer of finance at hand. I just want to brand name sure that this is not a scam.
Answer:
It's a scam. When you apply for a loan you shouldn't have to dispatch anyone money. That's retarded. Go to a bank.
Yes, it is a scam. Dont' transport a western union money establish to anyone to 'secure' a loan.
DONT DO IT....sounds like phishing to me. Have you call the place you applied for your loan? You should ask them if they know why you are being contacted by Debt Solutions Associates.
A appropriate rule of thumb is to NEVER send someone you do not know instinctively money through Western Union. They offer no protection, and once the money is sent, there's no track to get it vertebrae.
Please see the link below.
It is a trash, plain and simple
.
1) People who lend money never ever ask for money from you first. Any extras they add to the loan.
2) Never promise with any one who give you no office address, handset numbers etc in US and which you can verify.
DO NOT transport these people any money. They are trying to SCAM you. Once you convey them your money they WILL NOT send you the loan. I guess they want you to cable the money to them. Please do not do it. It is a scam.
Any counsel for managing a substantial inheritance?
Question:
A beloved elderly aunt passed away a few months ago, and she left me a substantial inheritance of $500,000. I am a successful professional woman, but I enjoy not had experience handling such a substantial amount of money at one time. (My immediate ethnic group was never flourishing.) I want invest and save my inheritance as responsibly as possible, but I do not quality comfortable doing everything myself. What type of financial professional should I consult? What types of fees should I expect to pay for these services? Thanks.
Answer:
You might want to parley with a certified financial planner. They're not cheap, but if you don't want to a moment or two research yourself on financial topics, it might be worth it. I think I've hear numbers like 1% - 1.5% of your assets per year surrounded by fees. (In other words, $5000-$7500 for a $500,000 account.) Be sure to choose one that's "fee-only" fairly than one that gets rewarded by commissions on the stuff you buy. (The ones that get rewarded by commission have a vested interest contained by having you do deeply of buying and selling and buying things they get high commissions on, so they might not always recommend what's really best for YOU.)
If you're of a mind to spend the time to read a little bit roughly money management and enjoy at least average math skills, you can probably do fine managing the money yourself and reclaim those fees.
If you're more than 10 years from retirement, you could probably put most of it in stock mutual funds that are associated to a major marketplace index (e.g. the S&P 500, Mid-Cap 400, Russell 2000) which are low-cost investments. Over long periods of time, stocks hold historically provided the highest returns of any asset class.
Someone suggested physical estate. I would NOT do that. It takes a LOT of expertise and a lot of time and energy to do that well and historically the average returns are not that great.
Off the top of my director and for a quick response, I'd say aloud go next to an Roth IRA.
There's tons of brokerage frims out there. I use Smith Barney, but am thinking of checking out Charles Schaub or managing it online myself. Fees ebb and flow provider to provider -- you could call around and do some comparisons...
Seek out a material comfort management company. Talk to your sandbank. They may be able to endow with you a local reference to success management providers. With that amount of money you can request a personal supporter from your bank. It does not cost anything. They will bend over backwards for you.
Be thrifty. Many people own been robbed of their existence savings by crooked investors. I would buy concrete estate if I were you.
Consult near a "fee only" financial planner. This type of planner will probably charge you roughly speaking 1% per year to manage your assets. They don't label anything on what they sell you, so they aren't tempt to churn your account only to generate commissions. Don't hand your money over to someone who make commissions on things they sell to you.
Find an investment bank firm in your nouns and interview them. Make absolutely infallible they are on the up and up by talking next to others. On the other hand, you don't obligation to know a lot to receive wise investments decision. Go to www.vanguard.com and look at the options they enjoy availabe. In ALL cases, look at the costs of investing commissions up front or redemption fees, yearl maintenance fees, etc.
It sounds approaching your Aunt was drastically considerate. You should expect some fees usually 5% down to zero. When you sit beside someone they should be able to show you if you want fees to be compensated up front or as part of the symmetry as maintenace. I work with a local Edward Jones rep they are pretty conservative which I similar to.
My son read the wealthy barber, This be a real abet to him. But i am not talking more or less that much money. But it could help you cram what you could do yourself if you wanted to. Good Luck. I am chirpy for you
cd and real estate
GET A REFERRAL.
You want a duty based financial planner. He/she will help you determine your goal and risk tolerance, create an Investment Policy Statement for you based on your preferences, and construct an investment structure inwardly those parameters. Fee base planners usually charge 1-3% of your assets each year, so they are motivated to grow your assets, fairly than just move them within and out of funds to generate commissions.
The best way to find a respectable, trustworthy financial advisor is to find a referral from someone who you respect. If you are a professional woman (or even if you aren't), you probably know more than a few successful, responsible people whose warning you would trust. Ask them if they are satisfied beside the service of their financial advisor/manager. If they are, then they will potential be more than willing to present you information, tips, and a referral.
There are several other reasons a referral is useful. Many of the best advisors only agreement with dignified net worth individuals--those beside a million or more to invest. But if a valued client refers someone with smaller amount (like your $500,000), then they will recurrently take that client to build/maintain relationships beside their best clients.
Besides, referrals are what make the world go round surrounded by professional circles. It's the bread and butter of most bankers, lawyers, CPAs, and financial advisors, etc. Use this opportunity--get an advisor who can refer prized clients to you and vice versa.
You got some well-mannered advice here and here is mine.
1) Arrange interviews near financial planners (also known as lavishness managers), of 2 or 3 large bank who have a elevated reputation to uphold. Chose the one who impresses you most. But best would be some one recommended by a friend.
2) Go for recompense by fee merely, not commission.
3) The fees will be 1.5 to 2.5 %.
4) But I would strongly advise you to avoid these privileged circumstances managers because beside time their charges will take more from you than you will capture.
5) Far better to do it yourself. Just invest equally in 3 mutual fund tracking the 3 prevalent indices. There will be no need to do anything else bar check the reports they will send you twice a year.
Hi SE: You involve to listen to Loral Langemeier's free audios on her website - she talks something like the psychology of money and investments. She is the author of the Millionaire Maker, numerous times on radio and television amongst some other luminary books. She started out talking mostly to women as we are unfamiliar to handling money in a smart passageway. She is awesome and you'll no doubt want more info from her. They enjoy strategists that will spend free time with you discussing smart and responsible option.
Best of luck - no fees yet!
http://www.liveoutloud.com?kbid=10666...
You involve a Portfolio Manager.
I suggest you to open a brokerage side at Fidelity.
Here is how it works:
You give access to the Portfolio Manager to your statement and he will invest your money.
Let's pretend a year has passed and he made 25%($125,000.00) for you.
You hold $62,500.00 and you live the whole year beside that money and you reinvest $62,500.00
He now have $562,500.00
Another year passes and he make 25% again ($140,000) for you.
You take $70,000.00 and you live the unbroken year with that money and you reinvest $70,000.00
He immediately has $632,000.00
Each year wou will own more money and each year you will spend more money.
Some years he will construct more than 25%
If he is good he will never net less than 25%
Portfolio Manager usually charge a allowance based on their profits.
Some charge respectively year or each quarter.
If you requirement more detailed FREE information then you can email me.
ARENA TRADING CORPORATION HAVS PORTFOLIOS INVESTMENTS THAT YOU CAN START AS LOW AS US$50,000,AND GET A 5% RETURN MONTHLY,MONEY IS SECURED BY A BROCKERAGE FIRM THAT WORK IN THIS FIELD SINCE 1992,MONEY NEVER GOT LOST OR LOOSE VALUE,YOU CAN CONTACT GIANNI ARENA AT
GIANNITOTRADER@AOL.COM THANKS.
I have need of to know 30%of18 million&5hundred thousand dollars?
Question:
Answer:
The answer is $5,550,000 million dollars. But don't forget the taxes which could be 39% of the above number equals about $2,164,500 after the smoke clears.
Take .30 x $18,500,000 = $5,550,000
Can a Cash cheque near 'Non negotiate' and 'bearer' crossed out still valid?
Question:
My colleague told me that I shouldnt have crossed the 'bearer' on the cheque which i own dropped it into the POSB cheque deposit box. But another said that the bank will still deposit it into my narrative which I had written at the rear legs of the cheque.
other bank vary. Can any POSB depositors or bankers pls advise , thx
Answer:
When you cross the "Bearer", a cheque become an ordered cheque and only the payee's signature on the cheque can encash it. The payee needs to provide his/her NRIC or passport to procure the cash. To avoid this requirement for credentials, you should write the payee name as "Cash" lacking crossing the "Bearer" and no wordings or parallel lines like "Not Negotiable" or "Account Payee Only".
On the other foot, a cheque cannot be encashed when there are two paralllel lines crossed on it. This cheque can with the sole purpose be cleared by depositing the cheque into your account. Most of the times, it also includes the wordings/lines aforementioned to deter your cheque from individual forwarded to third parties by channel of negotiation or endorsement.
Mortgage calculation adjectives ball!!?
Question:
I was checking undisputed mortgage calculators even yahoo's under the nouns section and for some foundation if you are a single person near a salary of lb66,000.00 you can borrow lb268,000.00 but if you are a couple earn lb46,000.00 and lb20,000.00 you can only borrow lb198,000.00! But near two peaple earning you are spreading the risk of charge loss and you would be around lb4000.00 beter off after PAYE (income tax) beside a 46K 20K salary split. SHOULD WE TRUST THESE IDIOTS WITH OUR MONEY IF THEY CANT MAKE SIMPLE COMMERCIAL SENSE??
Answer:
Actually, you're multiplying the coincidence of loss of income when dealing with a couple. The lender still have one loan to worry something like, but there are twice as plentiful chances that a employment could be lost or downsized. Additionally, there is a greater karma that a person who loses (or quits) a employment within a couple will choose not to wish work again (due to childbirth, personal choice, etc). A single person who loses/quits a available job will almost certainly desire another one immediately.
Mortgage caluclators are a nouns of nonsense. It used to be 3 times your pay for a single person, of 3 times the prevalent earner, plus the other salary. Because of the process the property market have gone out of control, this is freshly not realistic anymore and inhabitants can borrow a whole lot more than that. The best entry to do is go to a mortgage broker and discuss it beside them.
Generally if they are calculating on 2 incomes they don't use the same multiplier for the second income. Maybe they assume that the second income belongs to the wife and she may tender up work to have children. Very archaic but I predict that's the rational that go into that decision.
As above but when you deem if one of the parties lost their duty or more importantly they separated then the company is departed having to dispatch debt counsellors out to possibly two addresses and consequently should the matter call for taken to court then they enjoy to pay twice for like peas in a pod mortgage. It will be a way for them to mute their risk of the mortgage not getting paid.
I not long found some 1985 EE Savings Bonds.Is here any method to dosh them within,and what would be the procedure?
Question:
Answer:
www.treasury.gov will tell you more than you ever needed to know... :)
i think you can dosh in your abiding bonds at your main post bureau i did
You should be able to run then into any financial institution to redeem them. Make sure that you enjoy valid ID.
You can cash reserves bonds in at most bank or other financial institutions.
http://www.treasurydirect.gov/indiv/tool...
This website is a great source of information and can even tell you what your bond is worth.
How do I pack out a money instruct?
Question:
There are three things:
1) Pay to Order of
2) Purchaser/ Signer for Drawer
3) Address
What do I put for each? Do I put the label of company for the first one, my signature for the second one, and my address for the third? This is my first time filling this out.
Also, what if I'm paying for a product that's $89.38, and I own a $90.00 money order? Do they convey me some kind of devolution or something or a free gift?
Thanks.
Answer:
Money Orders operate within the same agency that personal checks do. The "Pay to the Order of" line is one and the same as on a personal check and should be filled out near the name of the soul or business that the Money Order is going to. The "Purchaser/Signer" is you, and requires your signature. The "Address" refers to your address and is usually optional. You should one and only get a Money Order within the exact amount to avoid the dilemma of them returning the difference to you. It is most likely they will not spend the time or money to refund the .42 cents.
Pay to the directive you write the name of the individual or company who the money is for.
Purchaser is your name
address is yours
yes you a moment ago put who the money order is going to on the first smudge and then you sign your given name on the second line and afterwards your address on the third line. that adjectives. i would think they would dispatch you back some point but i don't know for sure.
Follow YCJ instructions. Your are most likely not going to attain the difference back and no they might not distribute you a gift card for $.62 cents :) Then again, it depends on who the moneyorder is going to.
What is overdraft?
Question:
Answer:
Means, you wrote a check for more than you had surrounded by your accounts. The check bounces, you have to earnings the person you give the check to, what you owe. And... the bank hits you next to an exorbitant overdraft fee. Typically $25 or more per check. Some bank will automatically not bounce the check and treat it as a loan to you, if you have set this up contained by advance for your depiction. But, watch out for a elevated interest rate.
Not sure of your context, but in bank it is when you have $50 contained by your checking account but write a check for $65....
Also specified as NSF or insufficient funds.
It's like an automatic loan the wall gives you if you annul more than is in your edge account. As soon as you jump into the negative it will automatically clear the bill for you but then will start charging you interest on the amount it have to pay for you. It's a dutiful safety web in overnight case you miscalculate how much you have contained by your banking rationalization but it'll cost you quite plentifully if you don't pay it rear legs quickly!
It scheme you wrote a check or made a withdrawal from your checking commentary for more money than you have and you obligation to deposit the difference ASAP.
overdraft protection i think is what you tight-fisted. it means, if you write checks for more after what you have within your checking account, your money account will cover your checks, unless you don't own enough contained by your savings narrative.
its a rough explanation. hope it helps.
Overdraft is a flexible passageway to borrow money from Your current bank side. You don't get any charges as long as You are inwardly Your limit agreed by bank. Otherwise charges are especially high.
Overdraft is a secured personal loan that you arranged next to your bank as fragment of a current account's facility. You normally pledge your fixed deposit to the edge for a specific amount and in return you gain the quantum of that amount as a personal loan.
For example, you pledge $3,000.00 fixed deposit and you get $3,000.00 overdraft for your current explanation. If your account be a foil for is $1,000.00 when you issued a $2,500 cheque to someone, your overdraft is activated by covering the difference of $1,500.00. So, you will be charged a allowance, around $20.00 or varied, and interest expense for using the overdraft.
However, your cheque will be bounced if it exceeds its overdraft arrangement. Using alike example, this happens when you issued a $4,000.00 to your friend. Then, you will be charged for another payment for returned cheque.
Of course, banks enjoy different practices or product features for their checking or current account and you will hold to see which suits you to your personal finance desires.
The check you wrote exceeds the balance surrounded by your checking account.
It's a small, fixed amount of money your sandbank will allow you to overdraw into for a small fee. You own to pay it put money on quick-sharpish though, so it's not necessarily a good piece. Don't use it if you don't have to.
Overdraft scheme that you have spent more surrounded by your checking out than you have within your checking account. Most bank offer offerdraft "protection" which mechanism that they will pay the check to some extent than sending it back to the company/person that you wrote it to. If an item tries to come out of your article and the money is there, you will typically be charged a ridiculous excise of more than $25.
If your checking account is contained by the negative, bank normally charge a small charge (ex: $3) EVERY day that your depiction is negative until you bring vertebrae into the positive. This can add up VERY QUICKLY.
I recommend that you NEVER use money within your account that isn't at hand. It's just not worth it.
Hope this answers your request for information.
http://www.financialgym.org
[edit] Overdrafts in the United Kingdom
Banks surrounded by the UK often proposal a basic overdraft facility, subject to a pre-arranged constraint (known as an authorised overdraft limit). However, whether this is offered free of interest, subject to an average monthly balance integer or at the bank's overdraft lending rate vary from bank to hill and may differ according to the account product held. It is intensely useful contained by UK
When a customer exceeds their authorised overdraft limit, they budge into unauthorised overdraft. Exceeding their authorised limit recurrently results in the customer man charged one or more fees, together with a better rate of lending on the amount by which they enjoy exceeded their authorised overdraft limit (the unauthorised overdraft interest rate). The fees charged by bank can vary.
A customer may also incur a payment if they present an item which their issuing bank decline for reason of insufficient funds, i.e., the bank elect not to permit the customer to run into unauthorised overdraft. Again, the level and humour of such fees varies widely between bank.
In 2006 the Office of Fair Trading issued a statement which concluded that credit card issuers were levy penalty charges (penalty charges - also know as liquidate damages clauses - are void contained by UK contract law unless they represent a legal pre-estimate of the cost of a breach of contract) when customers exceeded their maximum spend limit and / or made overdue payments to their accounts. In the statement, the OFT recommended that credit card issuers set such fees at a maximum of 12 UK pounds [1].
In the OFT's statement, the OFT indicated that it thought the fees charged by credit card issuers were analogous to unauthorised overdraft fees charged by bank. Many customers who have incurred unauthorised overdraft fees enjoy used this statement as a springboard to sue their banks contained by order to recuperate the fees. It is currently thought that the England and Wales county courts are flooded with such claims [2]. Claimants tend frequently to be assisted by pattern sites such as the The Consumer Action Group. To date no bank have appeared in court to prove right its unauthorised overdraft charging structure and many customers enjoy recovered such charges in full [3]. Some bank have responded to such appointments by closing customer accounts, on the basis that those accounts own not been operate within the lingo and conditions [4] which the customer consented to when the account be opened
If I don't wage the mortgage, do I hold to include it on application forms?
Question:
If my husband pays the mortgage and we own our home, can I select other and enter $0 for mortgage payment?
Answer:
You don't enjoy to list anything. What type of application are you satisfying out? If you are applying for credit you may want to keep it out (it will increase your debt ratio and lower the amount you can borrow) If the two of you are refinancing, you can keep hold of your payment blank.
NO, not if you are married, because you are still responsible for the mortgage grant if he doesn't pay it.
Does anyone know any upright budgeting programs?
Question:
Answer:
I know there are closed posts on the boards in relation to this program, but Dave Ramsey's Total Money Makeover has changed my vivacity! In just 3 months my husband and I enjoy turned our lives around and paid stale major bills! The book is amazing, and we enjoy done it without the workbooks or any other extras.... we do listen to the show, and Dave's enthusiasm and humor help keep hold of you on track. No more money fights, no more stress, and we hold money for what we need... it works, you should confer it a try for 6 months and see what happens!
verbs up dave ramsey on the web he have all the answers you requirement and he also is on talk radio mon-fri, and if thats not adequate he has written several books.
Do you connote computer programs? Microsoft Money and/or Quicken get the most thumbs up. You can usually find free demos online to see which one you similar to best.
i dont know how you dont know how to budget well. are you spending more than you brand name? budgetting in my feelings is spending less than you construct. thats the general concept.
What is the best track to cause money express?
Question:
Answer:
prostitution or drug dealing................. other than that, not easy work, education and tolerance............. or knock off a rich relative whose will you know youre contained by
Steal it.
You've probably heard the logical (although illogical) answers a million times... bring discovered as an actor, marry money, insure and butcher a family accomplice, etc but those are really the only ways to truly bring back fast money. There are no promptly ways to wealth and it adjectives boils down to reducing expenses and/or increasing your income. Live below your means. The push button to success is not how much money you craft but what you do with it that really matter. The problem with go and get rich quick scheme is that they take so long. If you want money, acquire a plan and stick to it. Consider your own business doing what you love and then it won't really quality like work. Wish I have that magic formula for nouns but you'll find what works for you. Don't wait for your ship to come within, swim out to meet it.
Your fastest approach is to develop a 'cash machine' and get 'team'. I've be doing Loral Langemeier's workshops. Check out her website and listen to her audios. She's great.
http://www.liveoutloud.com?kbid=10666...
Good luck!
sell your body parts
People beside jobs take a check every one or two weeks. That's about as prompt as I know how to get money. Don't feel like that. If you want anything you own to earn it. There's no other way. Too plentiful people dissipate their lives wishing for things that won't start. Focus on what's real for you and you'll do better than the dreamers every time.
As for Bobby, you're wrong.................first you BEG, later you BORROW, then .....as a closing resort........YOU STEAL!
As for Lupita...............I WANNA MEET YOU! YOU'RE A BAD GIRL!
There are many sites online that reimburse good money for you to do things you would typically do online, like shopping and padding out surveys, etc.
I created a site from checking many of these sites out and finding the best ones:
The knit is in my Profile.
It have a lot of fitting information on making money online, best of all these sites doesn't cost you anything. That's right 100% free, donate it a look and try it out.
I am posting a link to a site that have information that might be helpful to you, especially if you are surrounded by need of some extra lolly to help out every month.
http://putterpods.blogspot.com
I hope the information help...! :>)
Whats a perfect instrument for a 12 year prehistoric to produce some serious brass?
Question:
Answer:
get a undertaking. you're not going to make "serious" dosh, especially being 12, companies can't properly hire you. you can however babysit, or mow lawns, stuff like that.
lemonade stand
babysit
Babysit
Well i am 14 years feeble and i do alot of chores around the house like vaccuming and cleaning the bathrooms, and my parents income me. if they dont want to do that(your parents), you could babysit or offer services to your neighbors if you want.
You could check your local sweatshop and see if they are hiring, or you could suggest things such as wash cars, raking leaves, petsitting, or babysitting.
Study unyielding, finish high conservatory, and then capture a four-year college degree (like a Bachelors of Arts or Bachelors of Science). A polite education will boost your lifetime proceeds potential by hundreds of thousands of dollars, much more than you can earn doing any kind of work available to a 12-year out-of-date.
It depends how serious you are about serious bread. My first suggestion is to get to your local library for a roll of books for teens and pre-teens like "Fast Cash for Kids" by Bonnie & Noel Drew. That is one of oodles titles that can help you cram about business. Business is not lone about babysitting. There are alot of products or services that you can bring into but it requires applying yourself. Teens often win sidetracked and don't complete what they start which is why it's hard for teens to seize jobs. I am NOT saw "all teens" because I be an exception to that and hopefully you are also. I started working at 12 selling calendars door to door. These days that probably won't work but the internet removes the door to door selling and get you in front of moving buyers. It doesn't matter what you do for serious dosh as long as you are serious about it.
A principle of $5000 be invested contained by a funds reason for 4 years. If the interest earn for the spell be?
Question:
A principle of $5000 was invested surrounded by a savings rationalization for 4 years. If the interest earned for the interval was $400, what be the interest rate?
Answer:
Interest = principal x rate x time
i = p*r*t
$400 = $5000*r*4
400/5000 = r*4
.08 = r*4
.08/4 = r
.02 = r
The answer is 2%.
1.95% compounded.
it depends. was interest compounded monthly, annually, weekly, etc.? if it be annually, 1.94%
If the interest was not compounded, it would be just .08%. (less than 1%) A very doomed to failure rate. It's even lower if its compounded. You may want to look for a better savings/investment plan.
$$$$$$$$$$$$$$$$$$$$$$$$$$?
Question:
if your dad makes 62,000$ a year, does that propose your rich? we own two houses, two cars, and 4 people surrounded by our family. pretty big houses, but 62000$ a yeaqr...is that seriously?
Answer:
Ask your Dad, he could answer that better. $62,000 is a good deal of money.I would not telephone call it rich but you are better off than most citizens. It really depends on how much debt is owed against that salary.
No, my dad make at least 100 impressive a year.
I made a little over $97,000 concluding year. Trust me.... You are not rich. You are better off than the average, but far, far away from rich. Rich folks wipe their @$$ with $62,000 dollars a year.
Whether he is rich depends on how much money he owes, and how much he have saved and invested prior. Also, it make a difference how recently he purchased your homes. If your Dad is a single earner for your clan, it would be the equivelant of two people making $31K respectively, not considered particularly rich.