Browsing: Net Worth

A net worth is the total value of your assets minus the total of your liabilities. In other words, it’s what’s left over after you subtract what you owe from what you own.

For example, let’s say you own a house worth $200,000 and you have a mortgage of $100,000. Your net worth would be $100,000. ($200,000-$100,000=$100,000.)