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Old 08-04-2007, 06:15 PM
CrazyLond CrazyLond is offline
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Join Date: May 2007
Posts: 117
Default Re: current net worth vs. liftime earnings

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current net worth : lifetime earnings from any work/poker/gambling pretax


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If, in someone's lifetime, they have won 6k playing poker, but lost 3k playing other casino games, I would consider the income to be 6k. I would consider the 3k to be a loss of net worth, but not a decrease in income, the same as I'd consider 3k spent on some other consumable.

I also would consider interest and dividends from investments as income. I'm ok considering capital gains as a net worth adjustment, but not "income."

However, using your definiton I'd be around 30k:240k, so 1:8.
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