Net worth, abbreviated as “n f,” is the value of an individual’s assets minus their liabilities. It provides a snapshot of a person’s overall financial health and can be used to track progress over time.
Calculating net worth is relatively straightforward. First, list all of your assets, such as cash, investments, and property. Then, list all of your liabilities, such as debts and loans. Finally, subtract your liabilities from your assets to arrive at your net worth. The resulting figure represents your overall financial position.
