Question

How to determine net worth?

Interesting Question?   (1)   (7)



Answers (1)

24th Nov 2009 by Daniel Cross, ChFC

Net Worth is determined by subtracting net debt from net assets. Generally, your mortgage is exempt from the equation. This value is independent of income and can give some surprising values as a person that makes very little can end up having a greater net worth than one that makes an annual income of over 6 figures.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



17th Nov 2009 In Investing 1 Answers | 503 Views
Subjects: net worth,

Answer This Question / Give Your Opinion
How to determine net worth?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
What is a bank routing number?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What is a bank routing number?
Ask A Question
Get opinions on what you want to know:
Specific to any country?