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Started By
Message
re: Net Worth at 30
Posted on 7/31/13 at 4:17 pm to Sigma_
Posted on 7/31/13 at 4:17 pm to Sigma_
My problem is not math. My problem is linquistics.
I'm reading posts up in here that say two opposing things.
1. If you owe 100K on your house (your mortgage) that is not a liability. Therefore, it does not compute in the 'asset minus liability' formula for determining net worth.
2. If you owe 100K on your house (your mortgage) that is indeed a liability. Yet, that still does not compute in the 'asset minus liability' formula.
A thing cannot BE a liability and NOT a liability at the same time.
Maybe we should do a poll:
Is what you owe on your house a liability? Yes or No?
I'm reading posts up in here that say two opposing things.
1. If you owe 100K on your house (your mortgage) that is not a liability. Therefore, it does not compute in the 'asset minus liability' formula for determining net worth.
2. If you owe 100K on your house (your mortgage) that is indeed a liability. Yet, that still does not compute in the 'asset minus liability' formula.
A thing cannot BE a liability and NOT a liability at the same time.
Maybe we should do a poll:
Is what you owe on your house a liability? Yes or No?
3
Posted on 7/31/13 at 4:31 pm to Zach
Both points are incorrect. It is a liability and does compute in the asset minus liability formula.
Why do you feel like 1 or 2 has to be correct? Maybe that is your hangup.
Why do you feel like 1 or 2 has to be correct? Maybe that is your hangup.
Posted on 7/31/13 at 4:35 pm to Zach
quote:
My problem is not math. My problem is linquistics. I'm reading posts up in here that say two opposing things. 1. If you owe 100K on your house (your mortgage) that is not a liability. Therefore, it does not compute in the 'asset minus liability' formula for determining net worth.
There is literally no post or part of a post from anyone in this thread other than you that has said a mortgage is not a liability.
Posted on 7/31/13 at 4:47 pm to Zach
quote:
Zach
You cannot be this dumb.
I applaud your trolling.
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