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A person’s net worth represents the total value of their financial and non-financial assets minus their liabilities. This metric provides a snapshot of an individual’s financial health at a specific point, indicating their overall wealth. Assets can include cash, investments, real estate, intellectual property, and other valuable possessions, while liabilities encompass debts such as mortgages, loans, and credit card balances. Calculating net worth is a fundamental practice in personal finance, offering crucial insights into one’s …