What is a Locking Jack?

Locking jacks are hydraulic jacks designed to mechanically lock after being lifted, making it safer to work underneath heavy loads. Locking jacks are commonly seen on construction sites where incremental lifting and lowering of heavy loads may be needed.

These jacks use two-piece mechanisms with central screws, providing force amplification that enables even extremely heavy vehicles to be lifted with ease.

Net Worth

Net worth provides an overview of one’s financial position. It represents the total value of their current assets (such as checking and savings accounts, investments and property) less their current liabilities ( such as debts, mortgages and credit card balances ).

Klein suggests that anyone looking to gain financial independence should calculate their net worth. Doing so helps monitor progress toward goals and make wise spending decisions, while it also shows financial professionals whether the individual is financially secure enough to obtain loans or mortgages more easily.

Liabilities include debt such as credit card debt that allows you to borrow against your limit multiple times without a set payment term like loans do, medical debt, tax debts owed and unpaid child support or alimony payments as examples of liabilities.