Net worth is the simple value of your assets minus the liabilities you owe. It is one of the important ways to gauge your financial health, providing a valuable snapshot of your current financial position.
Inflation does many things to different asset classes. For example, inflation affects the money saved in the bank because
Manually calculating your net worth involves listing your assets and liabilities periodically and manually; the alternative is connecting your investment and liability accounts to a dashboard and calculating your net worth in real-time.
Your net worth is the single most important financial metric you should track. While your earnings, investments, and other metrics are great, your net worth gives a better and more precise picture of your financial health.
DeFi aims to eliminate the need for intermediaries in financial transactions using technology. Among the components of DeFi are stable coins and use cases, as well as a software stack that enables application development. DeFi's infrastructure and use cases are still being developed.
The value of everything you own, such as crypto, real estate, art, businesses, stocks, and investments, versus everything you owe, such as student loans, credit card debt, and payday loans.