I'm just interested.
Net worth = all of your asset - debt
I.E. $10,000 car - $8,000 loan = $2k
$100k house - $90k mortgage = $10k
---------------------------
Net worth = $12k :awe:
I was curious about this a few days ago and looked up these stats: (from 2006)
Under 35 – $15,000
35 to 44 – $140,000
45 to 54 – $230,000
55 to 64 – $407,000
65 and older – $300,000
I thought that was terribly low?
Age: Something greater than 0
Assets: something greater than 0
Debts: something greater than 0
Net Worth: something less than 0
the car is paid for?
yes, bought it outright, worked 2 years for it. paid cash and got a awesome deal.
Smart man!
27
$480,000