What Is Net Worth?
From the SB Advisors Academy money glossary · Free, no signup
The total picture of your financial health, everything you own (assets) minus everything you owe (liabilities). The most honest measure of where you stand.
A worked example
You own a car worth $12,000, have $8,000 in savings, and owe $5,000 in student loans and $3,000 on a credit card. Your net worth is $12,000.
Category
Part of the "Wealth and Net Worth" group in the money glossary.