Huskeez
26-01-2013, 06:51 PM
Hi guys i have been browsing these forums for a while now and have decided to finally sign up and introduce myself!
I am 27 years old and have been hugely in debt ever since i started full time employment when i left school in 2004, and im talking about from my first pay check on ( with my first pay , i went and brought a 0% deposit $20,000 car over 5 years @ %17 interest )
Yes very stupid! , these kind of purchases landed me hugely in debt living from paycheck to paycheck i think at 1 time i had 8 higher purchases and 2 credit cards, owning 0 assets.
Anyways i decided to work out and evil budget and from April 2012 - November 2012 i was able to clear all my debt and now for the first time in my working life i am .. Debt free! Starting from scratch, and working on my building up my net worth.
I have $700 per week disposable income , have recently opened up an ASB Securites account, and am continually reading and learning about Fundamental Analysis , Technical Analysis. Currently i am reading Peter Lynch's - Beat The Street which so far is very good and sets fuel to the fire :)
I will end this introduction with a question as i am still new and will need alot of help!
When working out the ROC of a company, I understand it as
Net Income / Shareholders Equity + Longterm Debt x 100 = ..
Now when using Yahoo Finance NZ to look at the financials of Company, Most times the Total Shareholders Equity is left blank.
Is this really as simple as Total Assets - Total Liabilities = Shareholder Equity?
Thanks People look forward to learning from all you GURUS ;)
I am 27 years old and have been hugely in debt ever since i started full time employment when i left school in 2004, and im talking about from my first pay check on ( with my first pay , i went and brought a 0% deposit $20,000 car over 5 years @ %17 interest )
Yes very stupid! , these kind of purchases landed me hugely in debt living from paycheck to paycheck i think at 1 time i had 8 higher purchases and 2 credit cards, owning 0 assets.
Anyways i decided to work out and evil budget and from April 2012 - November 2012 i was able to clear all my debt and now for the first time in my working life i am .. Debt free! Starting from scratch, and working on my building up my net worth.
I have $700 per week disposable income , have recently opened up an ASB Securites account, and am continually reading and learning about Fundamental Analysis , Technical Analysis. Currently i am reading Peter Lynch's - Beat The Street which so far is very good and sets fuel to the fire :)
I will end this introduction with a question as i am still new and will need alot of help!
When working out the ROC of a company, I understand it as
Net Income / Shareholders Equity + Longterm Debt x 100 = ..
Now when using Yahoo Finance NZ to look at the financials of Company, Most times the Total Shareholders Equity is left blank.
Is this really as simple as Total Assets - Total Liabilities = Shareholder Equity?
Thanks People look forward to learning from all you GURUS ;)