re: What’s your age and net worth?

130k isn't bad if he can get out making 250k+ at 29. Having said that we haven't even established if he is a medical student.


Now if you go somewhere like Tulane, where simply tuition is 30k+ per semester, then you debt is going to be on an entirely different level. Can easily be $400k+.


I know a guy who went Caribbean that has over $500k in student loans.

35

-$600,000

That the IRS know about!!

Haha!

48

Between investments, savings, assets, roughly $850,000 to $900,000. If you add in things like life insurance it would be like $1.4 million. But of course I’d be dead so wouldn't do me much good.

Bunch of poor & jealous people downvoting in this thread

111/1+1+1 = 222/2+2+2 = 333/3+3+3 = my age

I’m still Sallie Mae’s bitch. I don’t want to talk about it.

How are things like mortgages factored into a net worth calculation? I've always wondered that.

If you've got a $500K house that ya put down $100K and the mortgage is $400K, is your network (for that one specific item) -$300K? Also, how is salary factored in?

Is it some sort of annualized calculation like people do when they value a company on 10x or whatever metric, or is it simply a current day snapshot of all your cash, investments, retirement, and equity minus all debt and liabilities?

If it's the latter then some of these figures are beyond unwelcome. If it's the former, then I guess I could see them.

"If you've got a $500K house that ya put down $100K and the mortgage is $400K, is your network (for that one specific item) -$300K? Also, how is salary factored in? "
what?

quote:

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If you've got a $500K house that ya put down $100K and the mortgage is $400K, is your network (for that one specific item) -$300K?

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The mortgage balance is subtracted from the current market value of the house.

Net worth is what you have left after you sell everything at market prices and payoff all your debts.

Sentimental value does not count.