Managing Wealth



What is your Net Worth?
Your net worth is the difference between what you own and what you owe. It is the amount you get when you subtract everything you owe from everything you own.

" Your net worth is the difference between what you own and what you owe ..."

This information is useful when you:

  • Apply for a loan.
  • Borrow money.
  • Write your will.
  • Look at your insurance needs.
  • Settle a divorce.

Your assets are any financial or material possessions that have monetary value. These may be valued at the current market value, or whatever you hope they are worth. They include cash on hand, shares, bonds, value of life insurance, money owing to you, any employee benefits from your company, your home, land, any other real estate or business interests, value of your business, vehicles, plant, equipment, household furnishings,...

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