There are lots of confusing words in the personal finance world. Assets and liabilities are two of them, but they’re also some of the more important terms you need to know when determining your net worth (aka the total amount of money that you are worth.)
What is an Asset?
Generally speaking, an asset is anything of value that you own, regardless of if it has a lien (a loan) against it. For example, you should include your vehicle as an asset even if you have a... Continue Reading →