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19 June, 15:26

Why is net worth compared to a financial thermometer?

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  1. 19 June, 17:36
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    Net worth is an objective measure of wealth, calculated as: a ssets minus Liabilities. The financial t hermometer on the other hand objectively measures the financial position.

    Net worth is compared to financial thermometer because it provides a number that can objectively measure your financial state (the wealth) and maintain a quality lifestyle during retirement and feel a sense of high financial well-being.
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