Comments on: Net Worth Statement – Part II

By: debt free

debt free — Thu, 14 Feb 2008 16:45:04 +0000

I, too, set aside for emergency and retirement and then live off the rest. It’s tough sometimes, but I know the payoff in the long run is worth it.

By: bill

bill — Thu, 09 Aug 2007 16:00:28 +0000

What is a net worth? I depends on whether it’s a basketball net, a volley ball net, a fishing net or what you net after deducting all expenses from your source of income. All joking aside, I follow a very simple concept to increase my net worth: spend less than you make and set aside some for emergency and some for retirement. This has served me well throughout my life.

By: Russ

Russ — Sun, 15 Oct 2006 01:17:32 +0000

In Example Two you don’t say what happens to the withdrawal from savings. If it’s being spent on the vacation as it was from Example One then there is a change in Net Worth.

By: JLP

JLP — Mon, 15 May 2006 18:56:34 +0000

I based my equation on the way it looks on a balance sheet with assets listed on the left and liabilities and net worth on the right.

By: WiZe$mAkEr

WiZe$mAkEr — Mon, 15 May 2006 18:54:40 +0000

Assets – Liabilities = Net Worth