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An individual’s net worth represents the total value of their assets minus their total liabilities. It provides a comprehensive snapshot of a person’s financial health at a specific point in time, reflecting accumulated wealth. Assets can include cash, real estate, investments, and other valuable possessions, while liabilities encompass debts such as mortgages, loans, and credit card balances. Calculating net worth involves a thorough assessment of all financial holdings and obligations, offering a clear picture of …