What is your net worth?

Your net worth is the value of your assets minus your liabilities, a.k.a. everything you own minus everything you owe. Getting a handle on your net worth is like giving yourself a financial report card. When you count up all of your assets and liabilities, you can understand what’s working in your financial life and fix what’s not.

What is net worth in business?

Net worth is a quantitative concept that measures the value of an entity and can apply to individuals, corporations, sectors, and even countries. Net worth provides a snapshot of an entity's current financial position. In business, net worth is also known as book value or shareholders' equity.

What is a net worth & why is it important?

Net worth is an individual or company's total assets, minus any liabilities or debts. Net worth presents an easy way to measure a person or company's financial standing. Keeping track of your net worth can help put your debts into perspective and plan for the future.

What is the average net worth of a person?

The average net worth of an individual in the U.S. was $121,700 in 2019, according to the latest data from the Federal Reserve. How Do I Calculate My Net Worth?