Here's a simple example to help you understand how to ... "The key assumption with a person's net worth statement is that both assets and liabilities are priced at market value." ...

Understanding net worth Net worth can be applied to a person, a company, or an entire industry to essentially assess how much money they have overall. For example, you might only have $100 in your ...

For example, if you have a mortgage on a house with a market value of $200,000 and the balance on your loan is $150,000, you can add $50,000 to your net worth. Your income is not included in a net ...

The average person may have different reasons for calculating their net worth. They may want to know this figure for estate planning, to create a personal financial statement for lending purposes ...