A measure of worth that only includes assets that can readily be turned into cash without a major loss in value. When calculating liquid net worth do not include real estate or business equity, personal property and automobiles, expected inheritances, or funds already earmarked for other purposes. Your net worth is the total of all of your assets (stocks, bonds, bank accounts, home equity, real estate, personal property, business receivables, notes receivable, etc.) minus the total amount of your liabilities (outstanding loans owed, credit card balances, taxes payable, bills payable, etc.) Unfortunately, many of these assets will not be readily accessible if cash is needed in a hurry; therefore, we will use only your liquid net worth in determining your financial health.