In accounting, net worth is defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth. For an individual, it represents the properties owned, less any debt the person has. For a company, net worth is the value of the company.
1.Get a Raise. The most straightforward way to increase your net worth is to increase your income. ...
2.Find New Sources of Income. Money doesn't have to come from just your day job. ...
3.Buy a House. ...
4.Spend Less. ...
5.Get Out of Debt. ...
6.Invest in Stocks. ...
7.Hit Your Company's 401K Match. ...
8.Open a Roth IRA