What is your net worth? To put it simply it is a number to measure your wealth. How much you are worth is not simply based on the sum of your total assets, but you also have to deduct what you owe i.e. mortgage, personal loan etc. Therefore, it is calculated by taking your total assets minus your total liabilities.
Since many of us have multiple bank accounts and loans, trying to keep track of it all and then to measure your net worth can be quite a task. Fortunately, Dr Wealth financial platform makes it easy for you to track all your individual assets and liabilities. See Creating Your Personal Balance Sheet With Dr Wealth
Why Should I know my Net Worth?
As mentioned earlier, net worth is a measure of your wealth and it is one of the most important financial figures you should know. You should ...
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