Big Rogues Gallery Update!

"Jay Honeck" wrote in message
ups.com...
Bull. You're bringing in enough to provide for the care and feeding of a
wife,
two kids, a hangared Pathfinder, five cars, a Gold Wing, a house, and a
hotel.
And you talk about buying a place with enough land for your own airport.

I'll bet you a gallon of avgas that you and your wife had more
after-tax income last year than Mary and I did. After expenses, last
year we made less *together* than I used to make in just three months
in our previous business.


Snip

But you made over $12M a year your last business. That means you make $3M
now. More than enough to live on! haha

I'll bet you a gallon of avgas...

If you can afford a gallon of avgas these days, you are wealthy beyond
imagining.

Jose
--
He who laughs, lasts.
for Email, make the obvious change in the address.

Jay Honeck wrote:

Bull. You're bringing in enough to provide for the care and feeding of a wife,
two kids, a hangared Pathfinder, five cars, a Gold Wing, a house, and a hotel.
And you talk about buying a place with enough land for your own airport.


I'll bet you a gallon of avgas that you and your wife had more
after-tax income last year than Mary and I did. After expenses, last
year we made less *together* than I used to make in just three months
in our previous business.

However, there's more to life than money. And we're not done with the
place yet -- not by a long shot.

I assume you are talking income from the income statement perspective.
How much did your property increase in value last year? As a sole
proprietor, you have to include you balance sheet as well. :-)
Changes in owner's equity is an important source of "income" as well.


Matt

"Matt Whiting" wrote

I assume you are talking income from the income statement perspective.
How much did your property increase in value last year? As a sole
proprietor, you have to include you balance sheet as well. :-)
Changes in owner's equity is an important source of "income" as well.

While this is certainly true from an accounting standpoint, it is not income
that can be put in a gas tank, and burned! g
--
Jim in NC