These are Tommy's calculations for his net worth: Net Worth = $321 - $350 = -$29. What does the negative net worth mean?

Question

anonymous · Answer

His liabilities are larger than his assets. <---thats what i think it is
       His assets are larger than his liabilities.
       His assets and liabilities are the same.
       His assets and liabilities do not affect each other

terenzreignz · Answer

You're right :)
Assets are, well, available resources, vs liabilities, which are basically debts.

If liabilities are larger, than the net worth (which I can't express in other words, really) should be negative, meaning, all in all, he's in debt.