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This book is a money management wallet that gives you guides on how to understand money management and how to manage your finances efficiently. If you want to consider the principles of managing your finances effectively, you may need to know where you are in terms of assets and liabilities. Bank balance, retirement account, investment account, and properties (such as your home, car, etc.) all represent your assets. Your credit card balances, student loans, car loans, home loans, and other debts represent your obligations. Your net worth is obtained by subtracting your assets from your liabilities. Get your net worth when you deduct your assets from your liabilities. you have negative net worth when your liabilities exceed your assets. But you can improve this with a good financial plan. Control over personal wealth is not a new idea. The survival of individual households in the 1600s has always depended on their ability to allocate income efficiently after the advent of capitalism (the economic structure characterized by private ownership of property and the right to benefit with relative freedom) . Since then, at least in theory, financial stability has been possible by saving and investing in excess profits.