Chapter 4. Tracking Your Net Worth
IN THIS CHAPTER
Net worth is one of those phrases that you hear now and then, but what does it mean? Simply put, it is the sum of all your assets (things you own) minus the sum of all your liabilities (things you owe). Take what you own and subtract what you owe to get your net worth.
In this chapter we will look at how to calculate and track your net worth and why this figure might be useful in your quest to take control of your finances.
What Is Net Worth?
Net worth is a way to track your financial progress or to get a snapshot of your financial status at a given time. In a way, net worth can be thought of as a measure ...
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