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ml110
LIF Adult
Member since 1/06 5435 total posts
Name:
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money/finance girls...
sorry this might be a silly question... but what would be considered a "net asset"?? DH and i are hoping to adopt from china in the future ( i have IF, and can't have bio kids), and they have new regulations that require you to have a certain amount in "net assets". just trying to figure out what types of things this would include... thanks!
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Posted 11/11/07 2:00 PM  |
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meghanmetz
LIF Adolescent
Member since 5/05 525 total posts
Name:
Meghan
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Re: money/finance girls...
Net assets is more or less your assets (the value of all of the "stuff" and investments you own) minus your liabilities (how much you owe).. Think of it as net worth.
ETA - you'd have to ask an adoption agency, but I would presume your assets could include house, savings accounts, retirement accounts, investment accounts, etc. your liabilities would be things like - mortgage, cc bills, car loans, college loans, etc.
Message edited 11/11/2007 2:12:43 PM.
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| Posted 11/11/07 2:09 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: money/finance girls...
A net asset (singular) or your net assets (plural)?
Net assets = assets - debt
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| Posted 11/11/07 3:13 PM |
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Lucky09
2017!
Member since 1/06 7537 total posts
Name:
DW
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Re: money/finance girls...
You would calculate a net asset as follows:
the value of your car if you sold it today minus any outstanding loan on the vehicle = net asset value of the car
substitue assets with your house, etc.
ETA: Good luck with everything!
   Adoption Dust!
Message edited 11/11/2007 3:18:26 PM.
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| Posted 11/11/07 3:17 PM |
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