You’re right; I’m not getting this “basic.” The money that the judge awarded you was for payment of your legal fees. Your attorneys testified under oath that the amount of money they were asking for was equivalent to what you were being billed. How do you figure you are due any money from the payout? As far as I can tell, barring fraud at some level, all that money is due to your attorneys and your insurance company.
Given that Ron's job is literally to calculate numbers, it's really scary how much he doesn't understand the basic math here.
Since I'm feeling generous, I'll help out.
If Total Fees (F) = 280,000, and Ron's Share of the Payment (R) = 50,000, then 'his insurance' 'paid' (I) = $230,000.
So F=R+I.
Now, if the court orders Vic to pay the entire amount of attorney's fees (V), then Vic's payment will be equal to the total fees.
V=F, or spelled out fully, V=R+I.
In the case that V gets substituted for F, the value of the R remains constant. So after receiving the fees, Ron would be given $50,000.
Now, let's put this in context of Ron's finances, since he's saying he's going to be rolling around in dough once he gets his share. Originally, before the lawsuit, Ron had whatever amount of loose cash and assets that made up his total monetary worth (O). Ron claims that he used money from his own pocket to pay that $50,000, so his current worth (C), would look like:
O-50,000=C.
Now, if he gets $50,000 back from Vic, then his finances will look like this:
C+50,000=O.
So he will be right back to where he was before all this went down. Granted, there is the issue of the interest, but if Ron had $50,000 sitting around and he wasn't earning any interest off of it, he was an idiot. Therefore, the interest paid by Vic would still only offset the lost opportunity to earn interest on the $50,000 and Ron remains no better off than he was before. Of course, we haven't factored in the $5,000 in sanctions, and that would be a straight-up increase in Ron's finances, unless he had to spend any incidental money because of the lawsuit (gas, time off of work, a transcriber to record every one of Nick's streams, you know, random extra charges...). So it's a good thing that Ron has been enjoying this whole process, because if it were so awfully stressful that it was driving him prematurely gray, then even winning would look like a pretty shallow victory.
tl;dr - Ron Toye doesn't seem to know basic math or finances, so never use his professional services in any capacity that involves math or your own finances...
Not just the amount we paid in the beginning but the entire judgement plus that sweet interest. But you go on ahead and keep listening to Nick and I will keep coming back on here to laugh at you when We are right, every time.
maybe 36-0 we shall see.
youtu.be
