What Is Net Worth?
What Is Net Worth?
A great basic calculation that helps you manage your finances is by figuring out your net worth, which is how much money you have in assets after deducting liabilities (things you owe money on).
Calculating your net worth is extremely easy, but most people don't understand the importance of this number as it relates to your financial goals. In this episode of Money Moves, Marli explains how to calculate your net worth, how you can increase it and why it is important to monitor as you go through your financial journey. Check it out!