Personal net worth can be a tricky concept, more so for entrepreneurs. Based on the legal structure of their company, startup founders and promoters may have to reinterpret their equity holdings to draw up their personal net worth statement.
That said, the concept itself is misunderstood by many to mean “worth of their assets”. That is only partially true since one’s assets need to be reduced by one’s liabilities to arrive at their personal net worth.
Let’s look at the various components of your personal net worth and see how to quickly and easily draw up your personal net worth statement …
Read the full article published originally on Financial Express: Financial planning: Ways to build personal net worth statement