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Calculating Your Financial Worth
ОглавлениеHaving a sense of what you own (your assets) and what you owe (your liabilities) is important because it provides some measure of your financial security and your ability to accomplish financial goals such as buying a desired car, buying a home, traveling, starting a business, or retiring someday.
In this section, I define net worth and then walk you through the relatively simple calculations of determining your own personal net worth.