Liquid Net Worth
What is it? Your net worth is the total of all of your assets (stocks, bonds, bank accounts, home equity, real estate, personal property, business receivables, notes receivable, etc.) minus the total of your liabilities (outstanding loans owed, credit card balances, taxes payable, bills payable, etc.) Unfortunately, many of these assets will not be readily accessible if cash is needed in a hurry. Liquid net worth only includes assets that can readily be turned into cash without a major loss in value; therefore, do not include real estate or business equity, personal property and automobiles, expected inheritances, or funds already earmarked for other purposes.Added By: Aubrey
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