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Net worth represents the total value of an individual’s financial and non-financial assets minus their total liabilities. This metric provides a comprehensive snapshot of a person’s financial health at a specific point in time, reflecting accumulated wealth from various sources such as earnings, investments, and property. Assets typically include cash, real estate, stocks, bonds, and other valuable possessions, while liabilities encompass debts like mortgages, loans, and credit card balances. For instance, if an individual owns …