how do you measure net worth? let say i bought a million dollar house...

[Dancing Fire]

i put down $100k and borrow ($900k mortgage) from the bank plus i still owe the bank $100k loan for the purchase of my car & boat.now assuming i don''t hold any stocks,bonds,IRA,etc, no cash in the bank.is it correct to say,my net worth is zero?

 

[Jennifer5973]

No--it'd be a negative...you owe more than you have.

Assets - debts = net worth

 

[Blue824]

Here is a calculator I used one time:

http://cgi.money.cnn.com/tools/networth/networth.html

 

[Kamuelamom]

blue, that''s an interesting formula.