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What is Net Worth?


- Liabilities = Net Worth
An individual's net worth is simply the value that is left after subtracting liabilities from assets. Examples of liabilities (debt) include mortgages, credit card balances, student loans, car loans, etc. An individual's assets include checking and savings account balances, value of securities such as stocks or bonds, home value, market value of an automobile, etc.
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Check out the recent feature on Oakscale at KnowTechie.

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