Comments on: Net Worth Statement

By: Financial Samurai

Financial Samurai — Sat, 17 Oct 2009 06:03:09 +0000

Net worth is an ILLUSION. Pls don’t use or count on your net worth.

Just have a cash goal.

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By: PK

PK — Thu, 17 Jul 2008 21:02:42 +0000

The equations all have a sign error for liabilities, because the value of them is actually negative.

Therefore,
Networth = Assets + (Liabilities)
or
Assets = Networth – (Liabilities)
= Networht + |Liabilities|

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By: Will

Will — Sat, 28 Oct 2006 02:44:11 +0000

Under Assets, I would apply a stricter definition:
True Assets are those producing income.
If it’s not producing income, it’s likely just a depreciating item which may or may not be producing expenses.

By: JMD

JMD — Sat, 07 Oct 2006 18:54:03 +0000

No, I think they mean Assets minus Liabilities equals Net Worth. Which, algebraicly, is the same thing that they said above.

By: EZ

EZ — Fri, 21 Apr 2006 13:16:23 +0000

Instead of “Assets = Liabilities + Net Worth”, I think you mean ” ASSETS + Liabilities = Net Worth”.