31/10/2022
Net worth is assets minus liabilities. Or you can think of net worth as everything you own minus everything that you owe.
Assets include cash, such as in your checking, savings and retirement accounts, and items such as cars, property and investments that you could sell for cash.
Liabilities include any money you owe to another person or entity. That includes revolving consumer debts, such as credit card balances, as well as personal, car, payday and title loan balances