Definition and example of “net worth of rick moranis”
When discussing personal finance, the term “net worth” refers to the total value of an individual’s assets minus their liabilities. To calculate net worth, one would add up all of their assets, such as cash, investments, real estate, and personal belongings. Liabilities, on the other hand, include debts such as mortgages, loans, and credit card balances. The resulting figure represents an individual’s net worth.