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shrew told me she and husband have 1 million in assets. does that mean 1mm netwo

1mm networth? she was bragging about it...
sickened glittery library
  11/24/17
No not at all. They could have negative networth. Take an ac...
floppy hell keepsake machete
  11/24/17
ty
sickened glittery library
  11/24/17
lol jfc
At-the-ready dashing stead pocket flask
  11/24/17
...
Motley liquid oxygen
  11/24/17
Networth is assets minus liabilities plus 0.9 times account ...
Metal charcoal lettuce
  11/24/17
ty
sickened glittery library
  11/24/17
is student loan a liability or an account payable?
glassy house
  11/24/17
it's an asset and a liability - counts on both sides
Topaz harsh death wish
  11/24/17
LOL at your tiny pink net worth.
silver very tactful organic girlfriend juggernaut
  11/24/17
means they own a house that cost 750K and she's ignoring the...
drunken razzmatazz idiot
  11/24/17
it means she took out a loan for 1mm
Aphrodisiac Erotic Gas Station Therapy
  11/24/17
...
Topaz harsh death wish
  11/24/17
no u dumbass
glassy house
  11/24/17
No, also she’s not a shrew. She may have been a shrew but s...
Disgusting ceo
  11/24/17
...
impertinent office mad-dog skullcap
  11/24/17
so if i have 200k in 401k, 500k in an investment account, 10...
coral market
  11/24/17
This thread makes me want to kill myself
iridescent stain
  11/24/17


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Date: November 24th, 2017 2:32 AM
Author: sickened glittery library

1mm networth? she was bragging about it...

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34760414)



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Date: November 24th, 2017 2:34 AM
Author: floppy hell keepsake machete

No not at all. They could have negative networth. Take an accounting class or something.

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34760426)



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Date: November 24th, 2017 2:37 AM
Author: sickened glittery library

ty

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34760435)



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Date: November 24th, 2017 3:15 AM
Author: At-the-ready dashing stead pocket flask

lol jfc

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34760567)



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Date: November 24th, 2017 1:07 PM
Author: Motley liquid oxygen



(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762136)



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Date: November 24th, 2017 3:17 AM
Author: Metal charcoal lettuce

Networth is assets minus liabilities plus 0.9 times account receivable minus 0.97 account payable.

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34760571)



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Date: November 24th, 2017 12:43 PM
Author: sickened glittery library

ty

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762045)



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Date: November 24th, 2017 12:52 PM
Author: glassy house

is student loan a liability or an account payable?

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762071)



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Date: November 24th, 2017 1:11 PM
Author: Topaz harsh death wish

it's an asset and a liability - counts on both sides

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762167)



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Date: November 24th, 2017 3:18 AM
Author: silver very tactful organic girlfriend juggernaut

LOL at your tiny pink net worth.

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34760573)



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Date: November 24th, 2017 12:46 PM
Author: drunken razzmatazz idiot

means they own a house that cost 750K and she's ignoring the mortgage and exaggerating the size of their two 401Ks

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762053)



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Date: November 24th, 2017 12:49 PM
Author: Aphrodisiac Erotic Gas Station Therapy

it means she took out a loan for 1mm

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762062)



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Date: November 24th, 2017 1:10 PM
Author: Topaz harsh death wish



(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762165)



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Date: November 24th, 2017 12:50 PM
Author: glassy house

no u dumbass

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762064)



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Date: November 24th, 2017 1:05 PM
Author: Disgusting ceo

No, also she’s not a shrew. She may have been a shrew but she’s now just a money grubbing bitch.

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762121)



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Date: November 24th, 2017 1:11 PM
Author: impertinent office mad-dog skullcap



(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762173)



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Date: November 24th, 2017 1:13 PM
Author: coral market

so if i have 200k in 401k, 500k in an investment account, 100k cash, and an 800k house owe 400k mortgage, does that mean i have 800k in assets, 1.2M in assets or 1.6M in assets?

Also, the investment account and 401k would trigger tax liabilities so are they really "assets" ?

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762194)



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Date: November 24th, 2017 1:17 PM
Author: iridescent stain

This thread makes me want to kill myself

(http://www.autoadmit.com/thread.php?thread_id=3807417&forum_id=2#34762220)