What does networth actually mean?

[BrothaZay]

I never understood it, all the defintiions use words I dont know. Can someone break it down for me?

Like does rihanna actually have 90 million dollars she can spend?

 

[the cac mamba]

liquid cash plus assets minus liabilities

 

[BrothaZay]

liquid cash plus assets minus liabilities

english?

 

[Diondon]

english?

 

[Dwolf]

It means how much money you have.

 

[the cac mamba]

english?

idk say you have 100 thou in the bank, 500 thousand dollar house, but you still owe 200 thou on the house

you net worth is 400 thousand. i think, dont quote me on this

 

[charmander]

it means how valuable you are online

 

[Formerly known as...]

it means how valuable you are online

 

[marcuz]

english?

its the amount of everything you own combined

 

[BrothaZay]

its the amount of everything you own combined

What if the value of something you owned goes down, like a car. Does that mean your networth goes down overtime too

 

[marcuz]

What if the value of something you owned goes down, like a car. Does that mean your networth goes down overtime too

yeah i cant keep this going, its too early for this

 

[Green negs and spam]

yeah i cant keep this going, its too early for this

 

[BrothaZay]

hes a poopie head

 

[NSSVO]

yeah i cant keep this going, its too early for this

hahaha

 

[-G$-]

What if the value of something you owned goes down, like a car. Does that mean your networth goes down overtime too

that depends