Net worth means after debt is subtracted. If I convinced the bank to loan me 1 million dollars for a 1 million dollar house, my net worth would remain unchange

Net worth means after debt is subtracted. If I convinced the bank to loan me 1 million dollars for a 1 million dollar house, my net worth would remain unchanged. https://wikipedia.org/wiki/Net_worth https://wikipedia.org/wiki/Net_worth