What Is Net Worth?
Net worth is the value of assets owned minus the amount of debt owed. It measures financial position by comparing what you own with what you owe.
Net Worth on Quizlet
On Quizlet, net worth is often defined as total assets minus total liabilities. Assets include cash, investments, property, and valuables. Liabilities include loans, credit card balances, and mortgages.
How to Calculate Net Worth
List all assets and their current market value. List all debts and outstanding balances. Subtract total debt from total assets to find net worth. A positive result means assets exceed debt; a negative result means debt exceeds assets.
For more details on personal finance terms, see Investopedia Net Worth Definition.
