Hidden Debt and Obligations

agreementIn the not too distant past, it was easy to determine your approximate net worth as an individual. For the most part it was a simple process: add up all the money in your bank accounts and investments; add in the current, liquid value of fixed assets; and subtract out any mortgages and loans. Those were the days when we “owned” things and consumer lending was much tighter, when “the more toys, the wealthier the person.” Yep, a much simpler time.

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