Net worth refers to the value of all non-financial as well as financial assets of an individual or institution less the total value of its outstanding obligations. [1] Since financial assets minus outstanding liabilities equal net financial assets, net worth may also be easily expressed as non-financial assets plus net financial assets. This can be applied to people, corporations, governments, economic sectors, like the sector, financial companies, or to entire countries. For individuals, net worth refers to their economic position, which is the total of all assets and liabilities. Examples of assets individuals would consider in their net worth include retirement accounts, investment options, home(s), and vehicles. Both secured debt (such a mortgage for your home) as well as unsecured debt (such a personal loan or consumer debt) are considered liabilities. Intangible assets, such as degrees from universities, are typically not considered part of net worth even though they can positively impact one's overall financial situation.
Monday, January 9, 2023
Subscribe to:
Post Comments (Atom)
Maggie Grace and Maggie Gyllenhaal
Maggie Grace, born Margaret Grace Denig on September 21 the 21st of September 1983 in Worthington Ohio, is an American actor. Maggie Grace...
-
Byron Yawn who was born between 1976 between 1976 and 1981 in Mississippi, United States is an entrepreneur, pastor and pastor. He is famo...
-
Ronald Merle McNutt (33-year-old American) killed himself under his chin in the course of a Facebook Livestream. The livestream went viral o...
-
Did you know that self-esteem or self-worth, can have significant effects on your mood? It can affect your decision-making and behavior. ...
No comments:
Post a Comment