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Thread: Your net worth

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  1. 07-23-2008, 10:43 PM #1
    umairejaz
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    well a car loan would go against your net assets in this formula.

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  2. 07-23-2008, 10:45 PM #2
    BUGMAN
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    Quote Originally Posted by umairejaz
    well a car loan would go against your net assets in this formula.
    All negative assets must be subtracted from worth in order to get a correct "net worth" correct? I am understanding that after you take your income and assets you must subtract all loans to get your actual value. Also not using sticker prices on anything of value but NADA and actual value of worth assets.


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  3. 07-23-2008, 10:48 PM #3
    umairejaz
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    Quote Originally Posted by BUGMAN
    All negative assets must be subtracted from worth in order to get a correct "net worth" correct? I am understanding that after you take your income and assets you must subtract all loans to get your actual value. Also not using sticker prices on anything of value but NADA and actual value of worth assets.
    Yes NET assets = total assets minus total liabilities

    ...and of course, current appreciated/depreciated values

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  4. 07-23-2008, 10:53 PM #4
    ironchef
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    Quote Originally Posted by umairejaz
    Yes NET assets = total assets minus total liabilities

    ...and of course, current appreciate/depreciated values
    Actually total assets - total liabilities = owners equity .

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  5. 07-23-2008, 10:58 PM #5
    umairejaz
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    Quote Originally Posted by ironchef
    Actually total assets - total liabilities = owners equity .
    yes same thing, many different words for the same concepts

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