Elias created the net worth statement below. They wrote assets as positive numbers and liabilities as negative numbers.
Item	Value
Apartment Rent (12-month lease)	
\[-\$22{,}400\]
Checking account	
\[\$4{,}100\]
Savings account	
\[\$6{,}450\]
Credit card debt	
\[-\$3{,}000\]
Car (fully owned)	
\[\$19{,}000\]
Student loans	
\[-\$5{,}700\]
Based on the information in the statement, what is Elias' net worth?

Elias' net worth is calculated by adding up all assets (positive values) and liabilities (negative values).

Let's sum up the values provided:

\[
\text{Net worth} = (\text{Checking account}) + (\text{Savings account}) + (\text{Car}) + (\text{Credit card debt}) + (\text{Student loans}) + (\text{Apartment rent})
\]

Substituting the values:

\[
\text{Net worth} = 4{,}100 + 6{,}450 + 19{,}000 - 3{,}000 - 5{,}700 - 22{,}400
\]

Now, performing the calculations step by step:

\[
4{,}100 + 6{,}450 + 19{,}000 = 29{,}550
\]
\[
-3{,}000 - 5{,}700 - 22{,}400 = -31{,}100
\]
\[
\text{Net worth} = 29{,}550 - 31{,}100 = -1{,}550
\]

So, Elias' net worth is $-\$1{,}550$.

### Do you want more details or have any questions?

Here are 5 related questions to expand on this:

1. How can Elias improve their net worth based on this statement?
2. What assets or liabilities could Elias focus on to balance their financial situation?
3. How does debt impact net worth, and what strategies can help reduce its effect?
4. What role does savings play in improving net worth?
5. What is the difference between short-term and long-term liabilities in net worth calculations?

**Tip**: Regularly reviewing and updating your net worth statement helps keep track of financial progress and identifies areas for improvement.

Elias created the net worth statement below. They wrote assets as positive numbers and liabilities as negative numbers. Item Value Apartment Rent (12-month lease) [-$22,400] Checking account [$4,100] Savings account [$6,450] Credit card debt [-$3,000] Car (fully owned) [$19,000] Student loans [-$5,700] Based on the information in the statement, what is Elias' net worth?

Learn how to calculate Elias' net worth by summing up their assets like checking account, savings account, and car, and subtracting liabilities like credit card debt, student loans, and rent. This problem provides a clear example of net worth calculation, suitable for students in Grades 6-8.

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