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Financial wealth

Financial wealth is a person’s total assets, rights, obligations and debts.

Financial wealth gives a true picture of a person’s financial situation. It is calculated by adding up the value of all the assets a person owns and subtracting their debts.

For example, the money in their checking accounts and investments, as well as the value of their home, would be added up. From this, their debts, such as the mortgage on their home, would be subtracted.