You haven’t seen your grandparents in so long and when you do they give you a white envelope containing a nice, crisp $100 bill. Do you immediately take it to the bank or decide to keep it in your hot pink piggy bank until you finally decide what you wanted to do with it. If you choose to keep it in your piggy bank, then you picked the right choice.
Net worth is a quantitative concept that measures the value of an entity and can be applicable to individuals, corporations, sectors and even countries. Simply stated, net worth is the difference between assets and liabilities. Positive net worth means that assets exceed liabilities while negative net worth describes the opposite scenario.
Kevin O”Leary is a successful Canadian businessman who Co-founded O’Leary Funds and Softkey, and is famously known as one of the formidable sharks in the television series Shark Tank. In this blog, I’ll be sharing Kevin O’Leary’s 5 Rules of Investing.
