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The Truth About Net Worth

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Categories: Masters of Money

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If you’ve seen the new financial reality TV show “Million Dollar Neighbourhood,” you may have some inkling of the concept of net worth. The objective of the show is to raise a British Columbia town’s collective net worth by $1 million, defined by 100 families that appear on the show. Net worth is simply the amount of money you have when you subtract the total of all liabilities from all assets. MORE

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