Net Worth, Assets, and Liabilities

Assets and Liabilities

• We will learn about Assets and Liabilities
• I will learn the differences of Assets and Liabilities.

Open Ended

What do YOU think Assets may be?

Assets

• Assets are the items your company owns that can provide future economic benefit.

• In short, assets put money in your pocket!

Open Ended

What do YOU think Liabilities may be?

Liabilities

• Liabilities are what you owe other parties.

• In short, liabilities take money out!

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What takes out money?

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What adds money?

Net Worth

• We will learn about Net Worth
• I will learn HOW to get to my Net Worth!

Open Ended

What do YOU think Net Worth is?

Net Worth

• Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe.

• Your net worth, quite simply, is the dollar amount of your assets minus all your debts. You can calculate your net worth by subtracting your liabilities (debts) from your assets. If your assets exceed your liabilities, you will have a positive net worth.

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How do you get Net Worth?

Poll

Do you think financial work is easy?

• Yes.

• No.

• Probably it will in the future.

• maybe, but i'm too young for this.