Your financial health is much like your physical health; it’s important to keep track of it and take action when necessary. One of the key ways to measure your financial health is by understanding your assets, liabilities, and net worth. These elements give you a clear snapshot of where you stand financially and help you make informed decisions to improve your situation.
Know Your Net Worth
This article from FINRA explains how to calculate your net worth by balancing your assets and liabilities. It also provides insight into why understanding your net worth is crucial for making informed financial decisions and setting future goals.
Manage Your Debt
Debt is often one of the biggest liabilities that impact your net worth. This FINRA resource walks you through strategies for managing and reducing debt, offering practical tips to help you regain control of your finances and improve your overall financial health.
