Net worth: Why it’s important, How to calculate it, what to take into account
If you need a dumb-down definition, net worth is a baseline. The baseline of your financial life. You take a picture of your current status and it allows you to evaluate where you are and where you are headed. The simple: “things you owned minus things you owe” saying seems easy at first but then it can get complicated in the details.
Finance 1-2-3: The money checklist for young professionals
The moment you finish your last undergrad exam or submit the last assignment is a great relief! Shortly after, adult life quicked in, societal pressure pushes you to find a job so you can start generating revenue. Whether you are a new graduate or have been in a work field for a while, you need to ask yourself the following:” Do I know where I stand financially?”. 1. Get to know your net worth