Is Your Net Worth Equal to What You Own Minus What You Owe?

When it comes to personal finance, we like to switch it around a little bit. Indstead of folks on assets equal we well like to say equity equals assets minus liabilities. And essentially, as your net worth is equal to all the things that you own, minus all of the money that you owe. So it really is the net take away that you get to keep in what financial independence is built from.