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I'm 30. I have about 100k in credit card debts and 200k left on my mortgage. So negative -300k lol. I make over 300k a year though so I'm catching up on payin

• gabrielsroka 6y ago
  You have a mortgage. If your property is worth more than $0 you should add it to your net worth. Potentially the same with your credit card debt. For example if you bought 100 guitars worth $1,000 each, you might have $100,000 in debt, but also $100,000 in assets, assuming somebody would pay you what you paid for them. Of course, if you spent the $100,000 on restaurants and vacations, they are not likely to be worth anything to anybody other than you. Not judging here. Just demonstrating the power of buying assets.
  • cm2012 6y ago
    Maybe the mortgage is a little better than a wash then. I've paid off like 75k of 275,000. I would at most call that 75000 of assets, def not 275k.