The total value of assets after deduction of liabilities is known as net worth. Net worth is used to denote the economic position of an individual or a company in order to determineits actual worth.
A significant amount of money that one has set aside for fulfilling long term financial goals such as retirement, buying a house, college education or medical emergencies etc. is known as nest egg.
"Knowing yourself is the beginning of all wisdom"- Aristotle -
QUOTE OF THE DAY