What is net worth?
top Net worth by definition is as follows: Net Worth = Assets – Liabilities Simply put, your estimated net worth can be calculated by taking the value of all of you own and subtracting the amount of all you owe. Keep in mind major possessions (homes, autos, etc.), personal possessions (clothing, jewelry, etc.) and financial possessions (savings, retirement accounts, etc.) are considered assets.
Net worth is the difference that exists between what is owed and what assets are in the possession of the individual, business, or other entity. Calculating a net worth involves totaling the amount of all debt obligations, and subtracting that figure from the total worth of all assets. When the cumulative value of all the assets exceeds the total of all liabilities, it can be said that a positive net worth exists. When determining the net worth, it is important to include all assets in the calculation. Examples of assets include cash on hand, real estate holdings, stocks and other investments, and major items such as vehicles. To properly estimate the value of various assets, it is important to make use of the current fair market value, rather than going by the price paid at the time of acquisition. Assessing the liabilities properly is also important to arriving at an accurate net worth. Liabilities include such items as the outstanding balance on a mortgage or car payment, total cred
Your Net Worth is an indicator of how well you are doing in placing bets and suggesting predictions on The Industry Standard. You start at S$100,000 when you register. If you make good decisions on the predictions you bet on, your Net Worth will go up as your bets pay off. If you make bad decisions, your Net Worth will go down. This will impact your Industry Rank.
