[{"data":1,"prerenderedAt":174},["ShallowReactive",2],{"term:net-worth":3},{"term":4,"related":165},{"id":5,"title":6,"body":7,"category":148,"description":149,"extension":150,"faq":151,"meta":152,"navigation":153,"path":154,"related":155,"seo":158,"stem":159,"takeaways":160,"__hash__":164},"terms\u002Fterms\u002Fnet-worth.md","Net Worth",{"type":8,"value":9,"toc":142},"minimark",[10,15,19,22,26],[11,12,14],"h2",{"id":13},"understanding-net-worth","Understanding Net Worth",[16,17,18],"p",{},"Net worth adds up your assets, such as cash, investments, retirement accounts, and the value of your home, and subtracts your liabilities, such as mortgages, loans, and credit card balances.",[16,20,21],{},"It is a snapshot of your financial position. Tracking it once or twice a year shows whether you are moving in the right direction, even when monthly cash flow is noisy.",[11,23,25],{"id":24},"formula","Formula",[27,28,31],"span",{"className":29},[30],"katex-display",[27,32,35,72],{"className":33},[34],"katex",[27,36,39],{"className":37},[38],"katex-mathml",[40,41,44],"math",{"xmlns":42,"display":43},"http:\u002F\u002Fwww.w3.org\u002F1998\u002FMath\u002FMathML","block",[45,46,47,67],"semantics",{},[48,49,50,54,58,61,64],"mrow",{},[51,52,53],"mtext",{},"Net worth",[55,56,57],"mo",{},"=",[51,59,60],{},"Assets",[55,62,63],{},"−",[51,65,66],{},"Liabilities",[68,69,71],"annotation",{"encoding":70},"application\u002Fx-tex","\\text{Net worth} = \\text{Assets} - \\text{Liabilities}",[27,73,77,106,130],{"className":74,"ariaHidden":76},[75],"katex-html","true",[27,78,81,86,94,99,103],{"className":79},[80],"base",[27,82],{"className":83,"style":85},[84],"strut","height:0.6944em;",[27,87,91],{"className":88},[89,90],"mord","text",[27,92,53],{"className":93},[89],[27,95],{"className":96,"style":98},[97],"mspace","margin-right:0.2778em;",[27,100,57],{"className":101},[102],"mrel",[27,104],{"className":105,"style":98},[97],[27,107,109,113,119,123,127],{"className":108},[80],[27,110],{"className":111,"style":112},[84],"height:0.7667em;vertical-align:-0.0833em;",[27,114,116],{"className":115},[89,90],[27,117,60],{"className":118},[89],[27,120],{"className":121,"style":122},[97],"margin-right:0.2222em;",[27,124,63],{"className":125},[126],"mbin",[27,128],{"className":129,"style":122},[97],[27,131,133,136],{"className":132},[80],[27,134],{"className":135,"style":85},[84],[27,137,139],{"className":138},[89,90],[27,140,66],{"className":141},[89],{"title":143,"searchDepth":144,"depth":144,"links":145},"",2,[146,147],{"id":13,"depth":144,"text":14},{"id":24,"depth":144,"text":25},"personal-finance","What you own minus what you owe.","md",[],{},true,"\u002Fterms\u002Fnet-worth",[156,157],"budget","debt-to-income-ratio",{"title":6,"description":149},"terms\u002Fnet-worth",[161,162,163],"Net worth equals assets minus liabilities.","It can be negative, especially early in a career.","Tracking the trend matters more than any single number.","m5opNJ-NMQtcZyfQUfgguBjIh0TH-jnOVXrKWShF4a4",[166,170],{"title":167,"description":168,"path":169},"Budget","A plan for how you will spend and save your income.","\u002Fterms\u002Fbudget",{"title":171,"description":172,"path":173},"Debt-to-Income Ratio (DTI)","Your monthly debt payments divided by your gross monthly income.","\u002Fterms\u002Fdebt-to-income-ratio",1793374005531]