Today we're going to start a discussion about net worth which often comes up in financial planning. Your net worth is calculated by taking the value of your assets (what you own) minus your debt (what you owe). What's that really mean? Today we’ll start with a look at your assets, all the things you own. We’ll cover debt in our next in episode 9. Then wrap it all up in episode 10.
We'll cover homes, cars, investments, really anything you can own. What is its value? How does the value change? And how long will it last?
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