Net Worth

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Net worth is your assets (or whatever you own – like a home or a car), minus your liabilities (which is debt or money that you owe someone else – like car loan, student loan, credit card debt and a mortgage which is a load for a house). So you just subtract your liabilities from your assets to get your net worth.

For more information, please visit: What is Net Worth? A Simple Explanation for Kids and Students

Easy Peasy Finance for Kids and Beginners
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