Net worth is an estimate of financial health. It’s how much a person or company has left when all costs are subtracted. If someone owns assets worth $1 million and has liabilities of $500,000, their net worth is $500,000. Liabilities can include mortgages, short-term credit, accounts owed, expenses, and so on.
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This information is not intended to be nor does it constitute financial, tax, legal, investment or other advice; nor is it a call to trade. The information is intended as general market commentary for information purposes only. Before making any decision or taking any action regarding your finances, you should consult a qualified Financial Advisor.
