Curious to know about your financial position? Is it healthy or concerning? A common metric to judge this is the individual's difference between his/her assets and liabilities.
Assets are anything you may own and any amount of money you are due to recieve. Whereas, liabilities are expenses, and payments that are to-be paid. This estimate allows us to apprehend an individual's financial status. Learn more about how you can find out.
Today in our financial glossary we are talking about 'Net Worth', https://www.chango.ca/glossary/net-worth/ what it means to you, and how it can apply to your financial life.
Please feel free to comment below if you have any questions.