Re: value of car / net worth
Net worth is your total assets minus your total liabilities.
That is: all the cash you have, all the value of everything you own, minus every debt you have.
Example:
7k in checking + 3k in saving + 1k ira + 10k car + 20k pokemon cards - 10k student loan - 4k owed to 'vinnie' = 27k net worth.
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