Understanding Liabilities and Calculating Net Worth In this episode, Mark continues the financial literacy miniseries by focusing on liabilities and how to calculate net worth. He explains various short-term and long-term liabilities, including credit cards, student loans, auto loans, and home mortgages.  Mark emphasizes the importance of managing credit card debt and understanding the implications of student loans. Additionally, he discusses the structure of auto loans and mortgages and their impact on financial health.  The episode concludes with a step-by-step guide on calculating net worth. Episode Links: Mark’s Money Mind YouTube Channel Federal Student Aid website Timestamps: 00:25 Recap and Today's Focus: Liabilities 01:14 Understanding Liabilities: Short-term vs Long-term 01:53 Managing Credit Card Debt 08:44 Student Loans 15:03 Auto Loans and Mortgages 21:20 Organizing Liabilities on the Net Worth Statement 21:57 Calculating and U...