Howdy Wall St. Willy! My friend Daniel asked me about a Mortgage. But what is a mortgage anyway? Well a mortgage is a loan you take to buy a home. Well, can I get more money in a mortgage than what the home is actually worth. So like, if my home is worth $100000, can …
I heard my parents wanted to do real estate investing. But what is Real Estate investing? Real estate investing is where you invest in immovable property, like a house. Is real estate investing only in houses and apartments? No, that is one kind of real estate – it’s residential real estate. But real estate …
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Sometime ago, we talked about assets and liabilities when we discussed Net Worth. But can we discuss it in a little more detail now? Sure we can! Assets are things that you own, and can be sold to get money. And liabilities are things that you owe someone. Can you give me some examples …
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Introduction to Net Worth for Kids and Teens This video explains the concept of net worth in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about net worth calculation, or used as a money & personal finance resource by parents and teachers as part of …
Read MoreWhat is Net Worth? A Simple Explanation for Kids, Teens & Students of All Ages
