What does the net worth of a person indicate?

Question

What does the net worth of a person indicate?

Answer 1

it indicate how much your asset worth

Answer 2

it doesn't mean JACK if you are still sitting at the table. Unless you have it in-hand, you can't really count it. on another note, it is also how you count it. Assets in my opinion or only assets if they are putting money into your pocket. Your car(especially if you make payments on it) your house (especially if you have a mortgage on it) are liabilities...not assets. Be careful how you calculate net worth. It is very misleading and will create a bit of false hope. How many people counted there house as part of their net worth, and saw that number get beat down...

Answer 3

It indicates how hot and shallow is mate will be.

Answer 4

It indicates how much money you are worth in cash if you sold everything.

Answer 5

Net is what the person owns free and clear!

Answer 6

Assets less liabilities = net worth

Answer 7

how much assets you have cash, home,car,stocks,etc...