Question

In your personal life what would qualify as an asset and a liability? How does that...

  • In your personal life what would qualify as an asset and a liability?

  • How does that differ from assets and liabilities you identified found in healthcare?

  • Based on your response regarding your personal life, what would you say about your net worth?

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Answer #1

1. In my personal life, all the assets which I will be owning is considered as my personal asset because this has the potential of generation of the future value.

all the other payments which I will be liable to pay to other person should be my personal liabilities.

for example my personal assets would include the personal belongings as well as when my intangible assets should be considered it would be my personal knowledge.

My personal liability will include my loan payments.

These are different from the healthcare assets & liability record it is related to the health but the personal life is mix of other factors other than health.

My personal network would be my personal asset.

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