How Liabilities Affect Your Net Worth

Do you know your net worth? 🏡

Your net worth isn’t just about what you own (your assets); it’s also about what you owe (your liabilities, aka debts). Your liabilities might include:

💸 Utility bills and tax payments

💳 Credit card debt

🎓 Student loans

🚗 Car loans

🩺 Medical bills

Your home counts toward your net worth in two ways — its value is counted among your assets, but your outstanding mortgage value is a liability. That means that as you build equity, your net worth goes up! 📈

Curious about your home’s current value? 🤔 Knowing your property’s worth is key to understanding your financial picture. Contact us for a free home value assessment!

📲 240.994.8866

📧 GarciaSHomeS@GMail.com

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