Brocker.Org: Here are 10 financial terms everyone should know

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Your net worth is simply the difference between your assets (what you own) and liabilities (what you owe).

You can calculate yours by adding up all of the money or investments you have, including the current market value of your home and car, as well as the balances in any checking, savings, retirement or other investment accounts.

Then subtract all of your debt, including your mortgage balance, credit card balances and any other loans or obligations.

The resulting net worth number helps you take the pulse of your overall financial health.

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