Net Worth Is
The Financial Measure
Showing the gap between what someone owns (assets) and what
they owe (liabilities) at a given moment. It's a vital gauge of financial
health, revealing wealth, stability, and goal-meeting potential.
Assets
- Cash and Cash
- Equivalents, Investments
- Real Estate Vehicles
- Personal Property (Jewellery etc)
Liabilities
- Secured Loans (Home Loan/Loan Against Property)
- Unsecured loans(Personal Loan/Business Loan/Credit cards)
- Other Debts
Monitoring And
Tracking
Net worth over time is crucial for
financial planning and assessing
progress
