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re: Net Worth at 30
Posted on 7/30/13 at 7:42 pm to Sigma_
Posted on 7/30/13 at 7:42 pm to Sigma_
Assets - Debts = Net Worth (nobody using Mint?)
You sell EVERYTHING you own.
You pay off ALL your debts.
Whatever money you in your pockets now, that's your net worth. If you couldn't pay your debts after selling everything, you have a negative net worth.
You sell EVERYTHING you own.
You pay off ALL your debts.
Whatever money you in your pockets now, that's your net worth. If you couldn't pay your debts after selling everything, you have a negative net worth.
3
Posted on 7/30/13 at 9:36 pm to EventHorizon
this grasshopper has a long way to go...
Posted on 7/31/13 at 6:27 am to EventHorizon
quote:
Assets - Debts = Net Worth (nobody using Mint?) You sell EVERYTHING you own. You pay off ALL your debts. Whatever money you in your pockets now, that's your net worth. If you couldn't pay your debts after selling everything, you have a negative net worth.
This is how I see it. 38, 500k net worth on the button. 2008-2009 was brutal.
Posted on 7/31/13 at 5:54 pm to EventHorizon
quote:
Assets - Debts = Net Worth
the proper balance sheet equation is actually: assets = debts + net worth
This post was edited on 7/31/13 at 5:56 pm
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