Net Worth

[Josquius]

I think so...but the reality of that would not be known until I actually sell my assets. Schrodinger's net worth I guess.

Theoretically yes.

cash on hand is not net worth

You have to spend it on nets?

[viper37]

Mine is not.

Possibly.  I'd have to recheck the current exchange rate.

[Monoriu]

Well net worth is simply total assets - total liabilities.  So you don't need to actually sell your stuff to know your net worth.  You do need to find out the fair value though.  Just because you say your house is worth a million doesn't make it so.  There needs to be someone at arm's length (e.g. your wife doesn't count) who is willing to pay a million dollars for your house to make it worth that much.

[viper37]

Well net worth is simply total assets - total liabilities.  So you don't need to actually sell your stuff to know your net worth.  You do need to find out the fair value though.  Just because you say your house is worth a million doesn't make it so.  There needs to be someone at arm's length (e.g. your wife doesn't count) who is willing to pay a million dollars for your house to make it worth that much.

Generally speaking, you adopt a conservative value of including at the value of the city's evaluation for tax purpose.  Or, if you have a written evaluation, you put it at that value.  But you can guess that that if the city evaluates your house for 200 000$ and houses around you of similar age and size sells for 600k$ you'll get more than the eval.  You can't just realistically put in on official papers.

[Hamilcar]

Reeeeallly depends on the value of my company.

[Hamilcar]

Please redo this poll with a 1M and 10M option.

[mongers]

Please redo this poll with a 1M and 10M option.

That option was covered in the bragging thread that just dropped off Languish page one.

[Monoriu]

Please redo this poll with a 1M and 10M option.