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How to see and visualize your net worth

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The simple mathematical explanation of Net Worth is basically:

Assets - Liabilities

Assets would be things like: money in your bank account, investments, savings, and items of value (that are fully paid).

Liabilities would be like credit card debts, line of credit debt, basically any sort of debt, car payments, etc.

You simply deduct liabilities from your assets and the difference is your net worth!

If you bank with a Canadian bank and you want to see your monthly finances in charts and graphs without sending your financial data anywhere in the internet, you can check out Warren: personal finance app we’re building!

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