The total value of everything someone owns (assets) minus everything they owe (liabilities) — calculated as assets minus liabilities, at a single point in time.
Income tells you how much money flows in each month; net worth tells you how much you've actually kept and built up over time. It's a snapshot, not a speed — add up your cash, investments, home value, and anything else of worth, subtract your mortgage, credit card balance, and any other debt, and what's left is your net worth. It can be negative (owing more than you own) especially early in adulthood, and that's normal.
$50,000 in investments, $20,000 in cash, and a $300,000 home ($370,000 in assets) minus a $250,000 mortgage and $10,000 in other debt ($260,000 in liabilities) leaves a net worth of $110,000.
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