![]() ![]() In fact, most of that money is tied up in fixed assets, like real estate, long-term investments, and corporate holdings. However, that doesn’t mean that the Bill Gates of the world have billions in a savings account. If you were to look at the wealthiest individuals on the planet, you’d see that they have net worths of billions of dollars. If you haven’t calculated your liquid net worth yet, now is a perfect time. ![]() In this article, we’re going to dive into the components that make up your net worth, including both liquid and fixed assets.īetween the two, liquid net worth is much more valuable and illustrates how well you’re doing financially. Although we may all be quite a ways away from Jeff Bezos's net worth, or even Elon Musk’s net worth, the first step to improvement is through awareness. One of the best ways to determine your financial health is to look at your total net worth. Unfort unately, that lack of oversight can be a huge problem, particularly when disaster strikes. Now, what about your personal financial health? If you’re like most individuals, you might not be as diligent when it comes to your net worth. Elements like cash flow, debts, and total assets would be part of your normal routine. If you were to run a business, would you pay close attention to its financial health? Unless you want to go bankrupt pretty fast, we’d bet that you would. This post was last updated on January 15, 2021, to reflect all updated information and best serve your needs. ![]()
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