“In business, net worth (sometimes called net assets) is the total assets minus total outside liabilities of an individual or a company…In personal finance, net worth (or wealth) refers to an individual’s net economic position; similarly, it uses the values of all assets (long term assets) minus the value of all liabilities.” (Wiki)
Unfortunately, I cannot just enter my name with the key words “net worth” in search engines and have sites automatically pop-up giving you or myself that information. Unlike Bill Gates, whose net worth is $56 billion, I currently have no assets for the record. I’m just a broke college student just like most of the college population.
I used to have a house, several cars, a few motorcycles, a retirement fund, a steady income, and a bunch of miscellaneous items of value, but I kind of gave that up to focus on my education. I’m pretty sure the ROI (return of investment) will be well worth it in the long run so that one day when I do another net worth search on myself, there will actually be a number to be proud of. Until then, I’m just skimming along trying to keep my liabilities at a minimum.
Now you have 3 cars,2 motorcycles, a drum set, 2 different kinds of guitars, 2 dogs, a house, an Associate's degree and certificate in Computer Network Engineering,....but of all of the above, I'd say that your most important asset is your EDUCATION. Think: long-term goals.
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