re: #310 Buck
I can measure the worth of anything in dollars, Buck.
Why on earth do you think you can’t? You don’t think I can assess how many dollars i could sell my dresser for?
At the end of the year you can add up the values (again in dollars) of your assets and say “this is how much money I have”.
Nope. You can say “this is my net worth”. Money is cash, is liquid assets, not other assets.
I own a portion of the family home in San Francisco. how much money do I have? Well, I certainly don’t have any of the money from the worth of the house. The money I have is what is in my bank accounts.
If wanted to change the house into money, I would have to sell it. If I want to change my stock into money, I have to sell it. It’s not magically the same thing as money.