The Goal in Calculating Your Net Worth
The goal in estimating your net worth is to know the final number, and use it as a barometer going forward to pay down debt and improve your financial standing. Conversely, wasteful spending on things like constantly dining out or buy expensive clothes and jewelry will bring your net worth number down.
Knowing your net worth makes it much easier to improve your financial health, by giving you a starting point on your personal financial journey – one asset and one liability at a time.
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