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1. • • Well, net worth is your assets, or whatever you own – like a home or a car, minus your liabilities, which is debt or money that you owe someone else – like car loan, student loan, credit card debt and a mortgage which is a loan for a house. So you just subtract your liabilities from your assets to get your net worth.
     www.easypeasyfinance.com › net-worth-for-kids-financial-literacy

     What is Net Worth? A Simple Explanation for Kids and Teens

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   What is your net worth?

   • Your net worth is the sum of all your assets and liabilities. It’s a basic calculation that will help determine your financial worthiness with banks and creditors. If you want to buy a house, rent a car or just get an apartment, it’s an important figure to know. 1. “You save $200 a week, right? That’s an asset. Call it $10,400 annually.” 2.

   How to explain net worth to your kids - MoneySense

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   What is net worth & why is it important?

   • Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe. It is an important metric to gauge a company's health, providing a useful snapshot of its current financial position.

   Net Worth: What It Is and How to Calculate It - Investopedia

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   What is an example of a net worth?

   • An individual's net worth is simply the value that is left after subtracting liabilities from assets. Examples of liabilities include debts like mortgages, credit card balances, student loans, and car loans. Liabilities can also include obligations that must be paid such as bills and taxes.

   Net Worth: What It Is and How to Calculate It - Investopedia

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   What is net worth in business?

   • Net worth is a quantitative concept that measures the value of an entity and can apply to individuals, corporations, sectors, and even countries. Net worth provides a snapshot of an entity's current financial position. In business, net worth is also known as book value or shareholders' equity.

   Net Worth: What It Is and How to Calculate It - Investopedia

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3. www.easypeasyfinance.com › net-worth-for-kidsWhat is Net Worth? A Simple Explanation for Kids and Teens

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   This video explains the concept of net worth in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about net worth calculation, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course or K-12 curriculum.

   • Video Duration: 4 min

4. kids.wordsmyth.netWordsmyth Word Explorer Children's Dictionary; WILD ...

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   For kid-friendly definitions and example sentences for older children, try Wordsmyth's Word Explorer Children's Dictionary, containing over 14,000 entries, each with human-voiced audio pronunciations.

5. Videos

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     3:55

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     What is Net Worth? Finance 101: Easy Peasy Finance for Kids and Beginners

     Apr 17, 2018

     14.3K Views

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     3:33

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     Net Worth Explained | Money Minutes

     Jun 14, 2021

     5.6K Views

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     investopedia.com

     Tangible Net Worth: Definition, Meaning, Formula & Calculation

     Jan 27, 2010

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6. www.youtube.com › watchWhat is Net Worth? Finance 101: Easy Peasy Finance for Kids ...

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   Apr 17, 2018 · Finance 101: Easy Peasy Finance for Kids and Beginners. This video answers a basic question "What is Net Worth" in a simple, kid-friendly way. PLEASE SUBSCRIBE (It’s FREE!): http://bit.ly ...

   • Video Duration: 4 min
   • Views: 14.3K

   • Author: Easy Peasy Finance

7. www.moneysense.ca › learn › how-to-explain-net-worthHow to explain net worth to your kids - MoneySense

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   Sep 12, 2016 · Explaining financial concepts like net worth to your kids can be difficult. Here are five simple steps to do it without confusion.

8. myfirstnestegg.com › articles › financial-words-for-kidsTop Financial Words for Kids: 12 Money Concepts They Can Get

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   • Account. A is for Account. In this cute little financial literacy video, a street urchin and a count explain the meaning of the word account. Dictionary Definition of Account
   • Budget. B is for Budget. In this financial vocabulary video, watch as Santa and his elves discuss how his cookie habit is literally eating into their budget.
   • Cost. C is for Cost. In this financial vocabulary video, a company celebrates its year-end with Revenue, Cost and Profit. A little rivalry emerges to see who is most important.
   • Debt. D is for Debt. In this financial literacy video, some of My First Nest Egg users make you an offer you can’t refuse and teach your kids the definition of debt.

9. www.investopedia.com › terms › nNet Worth: What It Is and How to Calculate It - Investopedia

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   Dec 17, 2023 · Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe. It is an important metric to gauge a company's health, providing a...

10. www.kidsmoney.org › glossaryFinancial Terms Glossary for Kids & Students - Kids' Money

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    Net income. The amount an individual or business makes after deducting costs, allowances, and taxes. Net worth. The total value of assets and liabilities of an individual or company. NFT. Non-fungible token; a digital asset stored in blockchain technology, unique to the owner and uncopiable. NYSE (New York Stock Exchange)