We keep track of your assets
We keep track of your liabilities
We keep track of your tax rates
We keep track of your investments
Net worth is a quantitative concept that measures the value of an entity and can be applicable to individuals, corporations,
sectors and even countries.
Simply stated, net worth is the difference between assets and liabilities.
A liquid asset is cash in hand or an asset that can be readily converted to cash. Example of assets that would be considered liquid is Cash.
Net Worth is everything owned of significance (your assets) minus
what you owe in debts (your liabilities).
Net-Worth = Assets - Liabilities