The above net worth calculation is not as straightforward as the first. There are many factors at play, including the value of the house and whether or not an owner can sell it for what it's worth.

If your net worth is negative, it means you owe more than you own, while a positive net worth shows that your assets exceed your liabilities. For example, if your assets total $150,000 and your debts ...

From a financial standpoint, you're in good health. A net worth calculation is like GPS for your various savings goals, especially retirement. It tells you where you are now and where you need to ...

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