Liabilities:
The above numbers indicate that (on rent plus health insurance,) I spend $1,700.00 per month which means that my money is being allocated from one place to another, but I never access or control that money.
The following numbers have been projected which suggest that I am a financial liability, as opposed to being an asset to the business:
| Liability: | Monthly: | Annually: |
| Rent | $1,000 | $12,000 |
| “Health Insurance” | $700 | $8,400 |
| Salary | $2,800 | $33,600 |
| TOTAL: | $4,500.00 | $54,000.00 |
I do not have any receipt of earning the above alluded to money, nor do I have a receipt to prove where I got that money from or which form of payment(s) I used when paying rent and health insurance.
I cannot prove that I am the person financially responsible for those expenses.
On paper, I am earning ,”$36,400.00″ per year and spending $20,400.00 per year, left with $16,000.00 for all other expenses.
However, I cannot claim those expenses, because I do not have any receipts for any of those transactions to produce when applying for a car loan or a line of credit.
I am being told that I am earning $36,400.00 per year and spending $20,400.00 per year, but I am factually earning, (roughly,) $27,600.00 per year and spending exactly $0.00 (zero dollars) per year on those two expenses.
When applying for a car loan, these are the two different sets of figures I may supply to the bank::
Earnings:$56,800.00 (consider that tax bracket!)
Rent: $12,000.00
Other expenses: $8,400.00
These are the True figures I can provide to the bank:
Earnings:$27,600.00 (consider that tax bracket!)
Rent: $0
Other expenses: $0
Total Expenses: $0
The numbers they provided me look good and work in their favor on a fiscal level, but the numbers do not benefit me in true life.