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Net Worth Grow
What is Net Worth?
Your net worth is how much you're worth once you subtract all your debts. Debts are also known as liabilities.
How is Net Worth Calculated?
The formula isn’t complicated. You simply add up all of your assets. Then you add up all of your liabilities. Afterward, subtract your liabilities from the assets. Easy-peasy! You have your net worth.
What is a personal balance sheet?
A personal balance sheet is a summary of your assets (what you own), liabilities (what you owe), and your net worth (assets minus liabilities). It provides an overall snapshot of your wealth at a specific period in time.
UNDERSTAND YOUR CURRENT FINANCIAL SITUATION WHILE MEASURING PROGRESS TOWARDS GOALS.
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