“Your net worth is the sum of your assets minus the sum of your liabilities. Assets include the money you have in your checking and savings accounts, property and investments. Liabilities are debts, such as auto loans, mortgages and credit card transactions. Calculating your net worth is a good way to measure your financial health regardless of your income level, and being smart about managing liabilities and assets can help you increase or maintain your financial well-being.”
Learn more here: What Net Worth Requires Money Management?.