Understanding Net Worth

Open Ended

Why do you think understanding your net worth is important for your personal financial health?

Multiple Choice

Which of the following is considered an asset?

• Credit card debt

• Student loan

• Savings account

• Car loan

Open Ended

Explain why understanding your net worth is important for personal financial planning.

Multiple Choice

Based on the student example, what is the student's net worth if they have $300 in savings, a $500 laptop, and owe $200 to their parents?

• $1,000

• $800

• $600

• $200

Multiple Select

Select all the items that would be considered liabilities for a young adult based on the example provided.

• $2,000 savings

• $10,000 car

• $5,000 car loan

• $1,000 credit card debt

Multiple Choice

Which of the following best describes how to calculate net worth, based on the celebrity example?

• Add up all assets and liabilities together

• Subtract liabilities from assets

• Multiply assets by liabilities

• Divide assets by liabilities

Multiple Select

Based on the strategies listed, which actions can help increase your net worth?

• Save more

• Pay down debt

• Invest wisely

• Spend more on luxury items

Open Ended

List two assets and two liabilities you have or expect to have.

Open Ended

If someone has $1,000 in savings and owes $400 on a credit card, what is their net worth?

Open Ended

Why is it important to know your net worth at different stages of life?

Open Ended

What steps will you take to improve your net worth?

Multiple Select

Which of the following are considered liabilities?

• Investments

• Student Loans

• Car Loan

• Cash

Open Ended

Why is it important to understand your net worth, and how can knowing it help you make better financial decisions?