07
Sep
Several factors can contribute to a person's net worth, which is the difference between their assets (what they own) and their liabilities (what they owe). Here are some common factors that can influence an individual's net worth: Income: The level of income a person earns can have a significant impact on their ability to accumulate wealth. Higher income provides more opportunities for saving, investing, and acquiring assets, which can increase net worth over time. Savings and Investments: The amount of money an individual saves and invests can contribute to their net worth. Consistently setting aside a portion of income and…