What is Liquid Net Worth, and How Do You Calculate it?

You've likely heard of the term net worth if you've been tracking your financial situation and improving your financial literacy. While calculating your net worth will give you a good snapshot of where you stand overall, understanding your liquid net worth will provide you with the best picture of your financial security. 

After all, how much of your assets could you quickly access if needed? Even those with hundreds of thousands or millions in assets may be cash poor and struggle to come up ...