What is Social Net Worth?

Neither the Oxford English Dictionary nor Wikipedia has a definition for social net worth. Here is my attempt to create a working definition. If you are a word smith, please feel free to improve it and leave your ideas in the comments.

Net worth can be defined as “a measure calculated by subtracting total liabilities from total assets. For an individual, total assets are recorded at current market value. For a company, net worth uses assets as recorded on the balance sheet at historical cost minus any depreciation.”

Social net worth is the total value of an individual’s non material and non fiscal assets. This includes skill sets, personality characteristics, social networks, quality of friendships, and most other attributes that cannot be quantified.

For example: when I say I am going to improve your social net worth, I mean that I am going to highlight ways that you can improve your life – whether it be strategies to create a good first impression, or how to prioritize your friendships. This blog will deliver suggestions that will make a positive impact on your life that are not measured in dollars.