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The term “net worth” refers to the value of all financial and non-financial assets owned by an individual or entity, minus the value of all outstanding liabilities. It provides a comprehensive snapshot of an individual’s financial health at a specific point in time, reflecting accumulated wealth. Assets can include property, investments, cash, and intellectual property, while liabilities encompass debts such as mortgages, loans, and credit card balances. Projecting a net worth to a future date, …