Do you have positive net worth

[z0mb13]

Consider all your assets (house, car, investments, etc) and all your debt (student payments, mortgage, credit cards, etc). Is your assets > ur debt?
if so by how much? just a ball park of course.
if not, how much are you in the hole?

 

[Descartes]

Assets well over my debt, but I'm certainly not telling how much.

 

[Bateluer]

I am several k in the hole. Owe on my car, and owe on my credit card.

I can pay the CC off easily enough, but the car will take time

 

[z0mb13]

Originally posted by: Bateluer
I am roughly 10k in the hole. 9.7k on owed on my car, and .3 owed on my credit card.

well thats not true. You owe 9.7k, but u might be able to sell ur car for 7k, then u are only 3k in the hole

 

[gistech1978]

assets>debt

 

[dcdude]

you'd have to fvck up pretty bad if you own a house but your debt still > assets

 

[KarenMarie]

house, cars, trucks... all paid for in cash the day we got them.

we put a fair bit of $$$ on the credit cards while fixing up the house. We did it ourselves, so took a lot of time off work to do it... so, we are paying off the credit card bills now.

so we have a lot more than we owe.

 

[HardcoreRobot]

yes... NO DEBT! none at all... no car loan, no mortgage, no student loan, no CC balance

 

[SammyBoy]

I'm just a kid, not in school so I don't have that hefty debt hanging over my head. Bought my 2 cars in cash, they're worth about 8 grand and I have a few G's in cash and no debt, i'll take it.

 

[jagec]

my assets "is" greater than my debt. Much like my English skills "is" greater than yours.

 

[IHateMyJob2004]

Originally posted by: z0mb13
Consider all your assets (house, car, investments, etc) and all your debt (student payments, mortgage, credit cards, etc). Is your assets > ur debt?
if so by how much? just a ball park of course.
if not, how much are you in the hole?

Workign on it. And depending on how you view your home, yes or no.

The way I look at it, I am far from having a positive net worth. In terms of financial strength, I want no debt at all. And that is not the case. Probably won't be for a very long time because I have to keep up with the Jones'

 

[imported_Kensai]

Assets @ ~70 000$ > Debt @ 0$.

 

[hdeck]

not currently

 

[SuperTool]

Assets >> debt.

 

[SynthDude2001]

I think I'm about even...

 

[Gigantopithecus]

$0.00 debt, but I'm in graduate school so the assets aren't terribly impressive. Just my car, my clothes, my books, some well-worn furniture, my rigs, and a modest savings account. Not having a credit card = priceless.

 

[monk3y]

No debt... All positive baby

 

Yes.

 

[toant103]

$40k in the hole

 

[Don Vito Corleone]

Originally posted by: dcdude
you'd have to fvck up pretty bad if you own a house but your debt still > assets

Depends how you look at it. He is specifically counting a mortgage as debt, so I and most other young people have more debts than assets, due to my mortgage.

 

[quakefiend420]

i'm about 5K ahead...mostly electronics and cars

 

[jadinolf]

Yes but I'm pushing one hundred. One should have his act together by then.

 

[CycloWizard]

Libailities:
$85k in student loans
A car that I paid cash for about 8 years ago and is probably now a financial liability

Assets:
Empty pizza box from dinner tonight
The computer I'm typing this on (about 3 years old)

 

[Scarpozzi]

Well...yes....I do have a positive net worth...but it's aweful close. I won't feel like I truly do until I get the buffer down and start paying off my house in larger chunks and finally get rid of my credit card debt.... I called to cancel my cellphone the other day so at least that'll free up $45 a month.

 

[ucdbiendog]

doubt it, 18k in school loans is more than the stuff i own i think