At one point or another, you might be wondering about your net worth. What is it? How do you calculate it? What does knowing it help to achieve?
Well, it’s always important to take a very close look at your finances, either when it comes to the bigger picture or small details. Only then can you truly come up with a financial plan.
For example, figuring out how much money you want to save for retirement involves an arduous process of figuring out what you want to do during retirement and how much that would cost. You can’t begin to do that without knowing what your current net worth is at.
In order to figure it out, you need to put together your total assets and then subtract your liabilities. Today, in order to make things easier for you, we’ve prepared a list of the most valuable assets that will give you the biggest boost. Little by little, we hope you’ll be able to answer the question of what is your net worth by the end of this article!