How To Calculate Your Net Worth

List all your assets: Cash, investments, real estate, vehicles, and valuable possessions.

[{"selector":"#anim-9bb6004a-c3fa-4bf1-ab01-aa2c0387b0cf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7e565147-8b5f-446d-8816-c7373ca2259d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b731ad8-3b66-4a29-8098-5ebddc15d565","keyframes":{"transform":["translate3d(0px, -274.78459%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Calculate liabilities: Mortgages, loans, credit card debts, and outstanding bills.

[{"selector":"#anim-119a1e98-2a80-44c0-afbd-762ccb2783e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-476a3b58-e8a8-4ec3-bec9-10fc261d3d9d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-74b0db53-4520-43f1-a9f2-e6fcd98c4439","keyframes":{"transform":["translate3d(0px, -328.40108%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Subtract liabilities from assets to determine net worth.

[{"selector":"#anim-428008ef-7dfc-43e8-aaa1-20392b121ee1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9844a6a8-9403-4c0e-b889-2453cee094e9","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-21fc5b72-3fe3-4b35-a7ab-6de695014056","keyframes":{"transform":["translate3d(0px, -408.01347%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Differentiate liquid and illiquid assets: Easily converted to cash or take time to convert.

[{"selector":"#anim-560ea239-21b7-4ec5-be4e-4e1e66001f4e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-00e739f1-6870-4132-884e-d091d8e0cc35","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-001d5c1f-150f-43b6-b3e1-513fb5adcd3c","keyframes":{"transform":["translate3d(0px, -328.40108%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Include retirement accounts: 401(k), IRAs, pension plans, etc.

[{"selector":"#anim-c16a601c-b930-4dcd-a959-89734087254a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-61679f91-48cf-44ad-9153-e67f02714d37","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1a27cc19-1c43-418c-9e00-5abb90a2008e","keyframes":{"transform":["translate3d(0px, -408.01347%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Consider insurance policies: Cash value of life insurance or investment-based insurance.

[{"selector":"#anim-8dfa22e2-7963-422b-b12b-7c35f552a735 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e779dd5c-682a-4ade-bbdf-f63322bf2d9a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab52d5b6-01a6-4c2c-9b4d-88abca588dd9","keyframes":{"transform":["translate3d(0px, -328.40108%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Account for business ownership: Include the estimated value of your stake.

[{"selector":"#anim-2a419d96-ecce-4951-a5ef-eab1d80cc103 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7b41ad3a-a26b-41c8-9d57-e983f3180710","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8edee7f5-18a6-40ee-a585-c13b572be92f","keyframes":{"transform":["translate3d(0px, -328.40108%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Update regularly to reflect changes in your financial situation.

[{"selector":"#anim-6831354e-2ec8-40c8-bab4-f837ad9255c4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-607d63ca-0e9f-4a84-b850-e0b0af8bc842","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03f2e6d6-a5f1-4e2c-b090-26c998d00473","keyframes":{"transform":["translate3d(0px, -408.01347%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Seek professional help for complex assets or financial circumstances.

[{"selector":"#anim-6dafb823-7219-4e67-ae45-b80343a21e60 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-892833bb-9eec-4221-9475-40f66ac701a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-439c0f6c-5de7-4dbc-9e76-fc30b630c6de","keyframes":{"transform":["translate3d(0px, -408.01347%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Track net worth over time to assess financial growth and plan accordingly.

[{"selector":"#anim-91d3bc6b-740a-4373-a3fe-dff5ec7dc97b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-681fcadc-1e34-44ae-be48-e6db43f6214d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-206fc958-63f4-45c8-9b32-bb793d243f04","keyframes":{"transform":["translate3d(0px, -408.01347%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

For More Such Interesting Stories Check below

[{"selector":"#anim-6b87ca08-17fe-4478-8b1b-c5c062571158 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a0c4c4c3-7575-4dda-ab7c-6c580359684a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d27d0a9c-9825-42ee-beef-1275f80b5093","keyframes":{"transform":["translate3d(0px, -444.62083%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more