How to Find Your Net Worth

Are you looking to find out what you are worth? Here is a detailed instructions on how you can go about finding your net worth. You may be worth more than you think. Figuring out just how much you are worth can help you with your financial future investments.

Instructions

1. Assets:
   To find your net worth you must first list all your assets at their current value.Do not for get to add everything you own. You want to include all checking and saving accounts, credit unions, cash values of life insurance polices and any savings bonds, stocks and mutual funds. List the market value of your home, household goods, jewelry, art work, antiques and anything else that you may own that has value. Write down what their selling price would be if you were to resell them. Also write down any money that you may have coming to you, paychecks,personal loans (loans owed to you), etc.

2. Liabilities:
   Gather together all of your currant outstanding bills, such as mortgage payments, car loans, money owed on credit cards, bank cards and other debts you may have. List the taxes you pay on your home, or town taxes, college loan payments or any other financial commitments. Include any money you may owe to friend or family members.

3. Calculation:
   Now that you have gathered all of your assets and liabilities make a two column list. Label one side assets and the other side liabilities. Add all of your assets together and subtract your liabilities from the assets. The amount you end up with is your net worth. This is your base. You have now found how much you are worth.