27 July, 2020

Quora Answer: Is Net Worth a Cumulative Measurement?

The following is my answer to a Quora question: “Is net worth a cumulative measurement?

Your net worth is the amount by which your assets exceed your liabilities, at a specific point of time.  It is not cumulative, because you will most certainly not have all your assets and money now.  You would have disposed of some assets for liquidity, and you would certainly have spent some money.



No comments:

Post a Comment

Thank you for taking the time to share our thoughts. Once approved, your comments will be poster.