Which is a way to increase your net worth?A.Pay down your student loansB.Buy a new carC.Pay a small down payment on a houseD.Pay your parents back for your tuitionSUBMITarrow_backPREVIOUS
Question
Which is a way to increase your net worth?A.Pay down your student loansB.Buy a new carC.Pay a small down payment on a houseD.Pay your parents back for your tuitionSUBMITarrow_backPREVIOUS
Solution
A way to increase your net worth is by paying down your student loans. This is because your net worth is calculated by subtracting your liabilities (what you owe) from your assets (what you own). By paying down your student loans, you are reducing your liabilities, which in turn increases your net worth. Buying a new car, paying a small down payment on a house, or paying your parents back for your tuition may not necessarily increase your net worth, especially if these actions result in you taking on more debt.
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