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What different between 'income' and 'net worth'?
6 Answers
- Anonymous1 year agoFavorite Answer
Income = How much money does a person make.
Net Worth = How much money does a person have in total.
- 1 year ago
Income means a person earning per day by daily work, But net worth means total asset mines total liability
- steveLv 71 year ago
Income is what you have coming in. Net worth is what you have in the bank after all your outgoings are deducted.
- JJLv 51 year ago
Income: Money received, especially on a regular basis, for work or through investments.
Net worth: Everything you own of significance (your assets) minus what you owe in debts (your liabilities).
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- Anonymous1 year ago
Income...what you make over a certain amount of time. Net worth is what you own minus debts or liabilities . Completely unrelated really.
- KyleLv 71 year ago
income is what you make from your job.
net worth is the value of all your assets. home, car, stock, other businesses investments, etc. net worth doesn't always relate to the cash you have in your bank.
