Agili President, Michael Joyce, recently sat down with NBC12 Reporter, Rachel DePompa. In this story, Don’t Forget to Check in on Your Net Worth, Michael reminds us that it’s a good idea to calculate your net worth once or twice a year.
Calculate Net Worth
Michael tells us that business use net worth as a basis for making financial decisions – and individuals “should do so as well.” To calculate your network subtract your liabilities from your assets.
Value of Knowing Your Net Worth
Knowing your net worth can help motivate you to achieve your financial goals. In addition, if you are planning to apply for loans, lines of credit or other financing in the future, you will need to know your net worth.