Explain how to calculate a person’s net worth and why they would need to know their net worth?

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asked Oct 22, 2023 41.2k views

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Vadim Ponomarev · Answer 1 · 2023-10-27T02:15:01+0000

Answer:

Net worth is the value of all assets, minus the total of all liabilities. Put another way, net worth is what is owned minus what is owed. it can help you identify areas where you spend too much money

Explain how to calculate a person’s net worth and why they would need to know their net worth?

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