- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Net Worth at 30
Posted on 7/30/13 at 1:42 pm to yellowfin
Posted on 7/30/13 at 1:42 pm to yellowfin
quote:
Zach - anything you owe is a liability. It doesn't matter if its credit card balance, student loans, a mortgage,
Uh, you guys just told me that a mortgage is not a liability. Now you're saying a mortgage is a liability. That's a contradiction.
3
Posted on 7/30/13 at 1:47 pm to Zach
No one said a mortgage isn't a liability. Of course it is. What you are hung up on is that if the asset value (home value) is larger than the debt (mortgage) the difference is considered as part of your net worth.
This post was edited on 7/30/13 at 1:48 pm
Posted on 7/30/13 at 2:21 pm to Zach
Zach - your house is a $300,000 asset less your mortgage which is a $200,000 liability and gives you $100,000 in equity which would be your net worth.
Posted on 7/30/13 at 3:08 pm to Zach
You are making my face hurt.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News