Question

The first step in calculating your net worth is

Answer 1

Answer:

Step #1 – Get Organized

Explanation:

Step #1 – Get Organized

Step #2 – Calculate Your Assets

Step #3 – Calculate Your Liabilities

Step #4 – Calculate Net Worth!

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Answer 2

Explanation:

In a nutshell, your net worth is really everything you own of significance (your assets) minus what you owe in debts (your liabilities). Assets include cash and investments, your home and other real estate, cars or anything else of value you own.❤