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The standard definition of net worth leaves out some common hidden assets.
When you think about your financial future, you probably picture a number: the sum of your savings, investments, and home equity, minus your debts. That’s your net worth. But here’s the problem: that number only tells part of the story. Net worth is a widely used financial metric, but it’s also a limited one. It undercounts the assets and guarantees that provide true long-term financial…
