Your net worth is the amount of money and other property you own all added up. For instance - say you have a $10,000 car and a $300,000 dollar house with the mortgage paid off and you have $20,000 in the bank - you have a net worth of $330,000.
2 Answers · Education & Reference · 18/10/2012
Net worth = what you own minus what you owe. Net income = the money that you collected minus the money you paid out.
6 Answers · Education & Reference · 10/04/2016
...by the financial services industry to denote an individual or a family with high net worth . Although there is no precise definition of how rich somebody must be to fit into this category, high net worth is generally...
1 Answers · Business & Finance · 07/11/2012
For retirement you want the high net worth . By definition , when you retire, your income stops and you have to live off of your investments (i.e. net worth )
2 Answers · Business & Finance · 06/04/2010
Net worth (of a person or company) is all assets minus all debts... like companies or people), but following the definition I guess it should be value of the home minus all debts on the...
1 Answers · Business & Finance · 15/04/2012
Are you 23 with a net worth of 30 million? Hook me up a little bit hahah. I guess i would consider it successful. I guess it all depends on your definition of successful though.
4 Answers · Business & Finance · 06/02/2011
Twice your age - so $50K if you are 25, etc. Your definition is good is personal - many people in their late twenties have a negative net worth !
2 Answers · Business & Finance · 23/10/2009
...how people refer to it. However, someone can make $30,000/yr, but still have a net worth of over $1M (I remember reading an article about a woman that ...
2 Answers · Business & Finance · 07/01/2011