How to Calculate Your Net Worth: A Simple Guide
Learn how to calculate your net worth in a few easy steps. You will list everything you own and everything you owe. First, write down the current value of all your assets. Include cash, investments, retirement accounts, your car, property, insurance cash values, and any money owed to you. Next, list all your liabilities. Include bank loans, personal loans, credit card debt, and any money you owe to friends or family. Finally, subtract your total liabilities from your total assets. The result is your net worth and shows your true financial position.
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