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Today, I want to discuss the topic of net worth!
Net worth is what you own minus what you owe. For most of us, it's a lifetime project. For example, if you owned a condo that was worth $100,000 and you only owed $90,000, the net worth of that asset would be $10,000!
When building net worth, you have the advantage of leverage when investing in real estate, which is the primary reason it's used to grow estates quickly. Stocks and bonds are other assets that can help grow your net worth. Generally, personal property (like cars) tends to depreciate in value, while real property (your home or condominium) tends to appreciate.
Building net worth with the advantage of leverage is the way most millionaires begin their development. If you have questions about how you can begin building your net worth, or if you need real estate assistance of any kind, give me a call. I would love to help you reach the financial success you've always wanted!
