Is your money safe

The equation goes Asset = Liability + Equity. When you talk about personal finance, Asset is what you own, Liability is what you owe (debt) and Equity is your income. If we don't own assets, then we won't owe others money (no debt). If we don't have equity (no income), we will have no money to buy assets but we can still own assets through loans. Is our money safe? Why not? So long as the banks don't collapse and we spend prudently, our money is safe.

In current context I think none can say money is very safe. eacxh day I have to pray that it is atleast safe. i have not invested in shares. I just have kept in bank. lets see.

hi friends i think it is not the matter of worry i think you are on equal sides when you have nothing on both sides. and if there is something on one side that is yours although it is profit or loss. Prince Sad

I dont know..exactly. if there is nothing in the balance sheet on both sides,he must be in neutral.. No income and no debt.