Calculating Your Net Worth
Today's Date:
ASSETS
LIABILITIES
Cash and equivalents
Mortgage (principal only)
Cash
$
Checking/Savings Account
$
Cash Value: Life Insurance and
$
Other debt
Car Loans
$
Home Improvement Loans
$
Annuities
$
Student Loans
$
Other
$
Other Loans
$
Credit Cards
$
Real property (mkt. value)
Taxes owed
Real Estate
$
Car
$
Federal
$
Personal Property
$
State and Local
$
Contractual obligations
Investments
eg., Leases, Tuition
$
TOTAL LIABILITIES . . . . . . . . . . . . .
$
Certificates of Deposit
$
Bonds
$
Mutual Funds
$
Stocks
$
Others
$
CALCULATE YOUR NET WORTH
IRA
$
ASSETS
Pension Fund (vested)
$
minus (–)
Other
$
LIABILITIES
Other (eg., business interests)
$
equals (=)
$
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . $
NET WORTH . . . . . . . . . . . . . . . . . . . . . .
$
Retirement accounts
$
The Outcome
A positive net worth indicates that your assets are larger than your liabilities.
A negative net worth indicates that your liabilities are larger than your assets.
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