How can you calculate your net worth?
In: 5
Add up the money in all your accounts (bank, retirement, venmo, etc), any stocks or other investments, and the value of all your property (house, car, land). You could add up the value of other possessions like furniture and whatnot but most people don’t. Then when you have that number you subtract all outstanding debts (credit cards, medical bills, and payoff amounts for houses and cars). The number your left with is your net worth. It’s basically how much money would be left if you died and everything you have is sold off.
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