The Money Academy · original educational lessons
Think in assets and liabilities
Money mindset · 10-minute lesson
Net worth equals assets minus liabilities. An asset is something you own with economic value; a liability is an obligation you owe. An asset does not necessarily produce income, and ownership may entail costs. Focus on cash flow and risk as well as headline value.
Action: Track your net worth periodically without judging yourself by the starting number.
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