Every Friday, I will share financial facts, wisdom, or action steps that you can take to not only learn more about personal finance and attack debt, but also how to set yourself on the road to financial freedom! Check out my very first Financial Friday.
Do you know what your net worth is?
Your net worth is everything you own (assets) minus what you owe in debts (liabilities). Your assets are things such as your home, cars, cash, investments, or anything else of value you own. Your liabilities are the debts you owe on your assets (mortgage, loans, etc).
Knowledge is power. Know your net worth.