Welcome To The Smart Investment Club
Your Basic Starter Tools
The Basics Of Investing
You As An Investor
Investments and The Art Of Investing
Other Tips About Investing
Before You Go.....
Peep Into Our Four Level Academy Plan
Lesson 1: What Is Your Networth?
What Is Your Networth?
When people hear the word “networth”, they attribute it to wealthy people and celebrities mentioned on FORBES. No! Truth is everyone has a networth. You’d be surprised that a day old baby has a networth already. There’s a value attributable to every one of us and I am not speaking Christian terminologies!
Simply said: Networth is Assets (WHAT YOU OWN) Minus Liabilities (WHAT YOU OWE). Someone said “Your Networth is a one number snapshot of your financial health and the types of shocks you can endure”
Now, create on a sheet of paper where you are at financially. Your assets (land, property, stocks, bank accounts etc) versus liabilities ( loan, mortgage etc).
This amazing online Networth Calculator will help you calculate your Networth on the spot, and save it as a PDf File also.
Your result would be 1 out of 3:
1. You have a positive networth. Your Assets are more than your Liabilities
2. You have a balanced networth- Your Assets are equal to your Liabilities
3. Your have a negative networth- Your Assets are lower than your liabilities ( *Gbese*)
Action Point: Is it safe to continue your current Lifestyle or is there a need for a change? You decide that yourself!