Net worth is your total assets minus your total liabilities. It represents your financial position at a point in time. Positive net worth means you own more than you owe; negative net worth means you owe more than you own.
Example
If you have $500k in assets and $200k in liabilities, your net worth is $300k.
Subscribe for simple financial insights and product updates. No spam, ever.
No spam, ever. Unsubscribe anytime.