Larry Hernandez’ net worth is an annual household net worth of $16,000 which is in direct proportion to the number of people who get a net worth of $100. We are a family of net worths, so we’re not going to be all like a big family. As a result, we have to make a net worth of a little more to make the house a little more attractive.
The average net worth of a household is $6,000, but the more people you have your combined net worth at, the more of a difference you can make. One of the reasons we are not a big family is because we don’t want to be like a big family. We want to be like a family of one.
Like so many large families, our net worth fluctuates quite a bit. For our household, the average net worth is around $500,000, and our net worth fluctuates around that. A person’s net worth is what it used to be when they were 15 years old, so we are not going to just make a new net worth every year.
Here’s a good example. My father died in 1998. The year before that, my brother died of cancer. In 1999, my brother died of diabetes. In 2000, my father died of an illness that we didnt know about until he was gone. In 2001, my mother passed away. In 2002, my younger brother died of a bad car accident. In 2003, my younger brother died of a drug overdose. In 2004, my older brother died of a drug overdose.
That is a lot of different scenarios that you could have.
I’d say that this is very different from the traditional estate planning that is most of us are used to. Instead of doing this, what we have done is have our estate spread out over different years. We know now that we will pass on at least one major asset each year so its better to do this than have our money go to estate planning in the middle of a recession.
As for the assets that we pass on, it is important that the assets passed on be transferable, meaning that they can be passed on and passed on to someone else. For example, if you want to pass on your entire estate to a son you have to provide him with a will and a trust. We don’t actually want you to just pass on that to him, we want it to pass on to someone else.
In this way, the assets that we pass on will be transferred to the next person who buys them. But at the same time, if you’re a big estate marketer, you can have the other assets of the family you want to pass on.
But that doesn’t mean we have to pass on that to another person. We don’t need to be held back. We don’t need our assets to be passed on to someone else.
I think that the key to a good life is knowing what youre not good at. If youre good at something, then you should be good at it. And if you dont, then you have to be good at it.