Net worth is a financial term that refers to the total value of a person’s assets minus their liabilities. It is a way to measure a person’s financial health and can be a useful tool for tracking financial progress over time. Assets may include things like cash, investments, and property, while liabilities may include things like debt and outstanding bills. Net worth is typically calculated by adding up all of a person’s assets and subtracting their liabilities. It is a good way to measure how stable someone’s finances are and can help people make plans for the future.
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