David and Ryan discuss the importance of knowing what Net Worth is and why it's an important "jargony" phrase you need to understand.

What Is Net Worth?

Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe. It is an important metric to gauge a company's health, providing a useful snapshot of its current financial position. - Investopedia

• Net worth is a quantitative concept that measures the value of an entity and can apply to individuals, corporations, sectors, and even countries.
• Net worth provides a snapshot of an entity's current financial position.
• In business, net worth is also known as book value or shareholders' equity.
• People with substantial net worth are called high-net-worth individuals (HNWI).

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