What is Liquid Net Worth.
Liquid net worth is basically your cash that is available to you. So these are things that are cash in the bank like in your checking account or savings account or something that can be turned to cash
Liquid Net Worth is something most people do not talk about. People talk about net worth in general. “Oh, I have a million dollar net worth.” “Oh, I have one billion dollars.”
Liquid Net Worth
Net worth = total assets – total liabilities.
What is Net Worth?
As you think about lots of things could be assets. Such as:
– Real Estate
What is an asset?
A liability is something that you owe money on like debt.
Liabilities would include:
– Credit card debt
– Student Loan debt
– Any other debt
What is a libability?
Liquid net worth is basically your cash that is available to you.
What is Liquid Net Worth:
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