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Dec 8, 2023 · Net worth is the sum of your assets (such as your cash savings, investments, and value of your home) minus the sum of your debts. In other words, it's what you own minus what you owe. As a snapshot of your overall financial situation, income isn't the most important factor in net worth.
Jun 5, 2023 · In general, we can define net worth (which is also referred to as a net wealth) as a difference between what you own and what you owe. More specifically, the net worth definition states that your net worth is the sum of the assets you have, minus the total value of your liabilities.
Jul 11, 2022 · Net worth is the value of everything you own, both your financial and non-financial assets, minus any debts you owe. Key Takeaways. Net worth is the total value of assets owned minus total liabilities. Net worth can be calculated for individuals, households, companies, industries, and public entities such as cities or countries.
