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Started By
Message
re: Net Worth at 30
Posted on 7/30/13 at 12:40 pm to Zach
Posted on 7/30/13 at 12:40 pm to Zach
quote:
So, if I could sell my home for 300K then I would get back my 100K equity. Got it.
Yes, so your worth would be 100k
quote:
what kind of debt is liability if home debt is not?
Don't ask me questions I don't have an answer to
quote:
And what if I can't sell it for 300K?
If the market price for your home is currently $250k, then your net worth would be $50k. Same as any stocks that you have, as they fluctuate in price, so does your worth.
1
Posted on 7/30/13 at 12:47 pm to Lsut81
I think I see the definitional difference.
My view of net worth was:
Assets v. Owed
Yours is:
Assets v. Liabilities
I viewed:
Owed = Liabilities
Happily, I owe nothing and have no liabilities. I could calculate my net worth by putting my house on the market, but I don't want to ever sell. This is my home till I pass into that great golf course in the sky.
My view of net worth was:
Assets v. Owed
Yours is:
Assets v. Liabilities
I viewed:
Owed = Liabilities
Happily, I owe nothing and have no liabilities. I could calculate my net worth by putting my house on the market, but I don't want to ever sell. This is my home till I pass into that great golf course in the sky.
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