What is personal wealth?
Personal wealth is the total value of assets and assets of a particular person; It is often calculated to get a look at the financial well -being of a person to help manage the finances or determine the amount of inheritance. In most cases, personal wealth is determined by the calculation of three areas: first, liquid assets that are defined as accessible money or anything that can be quickly sold or redeemed for money; Second, the value of the assets, the assets are items that cannot be quickly replaced for money; Finally, any debts that are owed. In some legal situations, it may be necessary to contact a legal representative or financial advisor to determine the wealth of the person, but many people have decided to calculate the number themselves. What is and is not personal wealth seems to be very simple, but it may be a surprisingly complicated matter - as at a time when the government is considered an individual. In such cases there are assets that belong to the company, technically not personal wealth, not even the owner withPolečnosti.
liquid assets
The first part of the wealth is liquid assets. The asset is considered a liquid if it comes to real money or can turn into money without losing or extended time frame. For example, money in the bank account is liquid, but the money in the annuity is not; Bank money can be downloaded at any time to provide real money, but the money in the annuity is associated with the program, which makes it only available by manipulating the manipulation of the annuity itself. Other examples of liquid assets may include money refund or trusted funds, a condition that the money from both options is quickly available without any fees or fees.
The value of the assets
The value of the individual's assets is another major aspect of personal wealth; In many ways, this is the value of non -profit assets. This category of pestering items of value that may not be quickle turned into real money known as illicit or illicit assets. Some examples include antiques, cars or long -term investments; Depending on the situation, the real estate can be considered liquid or unfamiliar. The value of personal possession is defined as the price that the owner would have to pay to replace this item at the moment; This value often receives a percentage reduction after it is increased to represent the fine for rapid conversion of non -profit assets into money.
debts
The last major aspect of personal wealth is debts, both owe to the person and those who owe others. When one owes money, this amount is deducted from his wealth; If people owe individual money, then it is added to its wealth. In general, the debt also receives a percentage, which is the time and effort of paying or collecting debt.
Debts are often used as and the sum of the sum of wealth, because it is very easy to set up. IfD You want to hide money or make it look as if they have more than in reality, it is easy to move a large amount of liquid assets before assessing wealth and then move them back; Transfers would prove to be debts to others or others. This is a common way of low load on the value of the company for tax purposes.
Person Versus Business
This first aspect of personal wealth is what is and is not human. One person is a person, regardless of the situation, and anything that belongs directly to him is considered to be personal wealth. This line begins to blur when the company owns items. Some types of businesses, especially corporations, are considered to be people by the government. These businesses own their own property and this may not be included directly in the wealth of other individuals. This difference is often misunderstood or ignored, which may cause difficulty in trying to calculate a person.