How do I calculate the net worth?
When calculating your net worth, it is important to consider all of your assets and liabilities. Your assets include your home, furnishings, cars, art, jewelry, and investments. Your liabilities include any debts you owe, such as student loans, credit card debt, and mortgages. To calculate your net worth, use the following formula:
Net Worth = Assets – Liabilities
If you would like to track your net worth over time, consider using an online spreadsheet such as Sourcetable to store your current and past net worth values. This will help you to easily track your progress and identify any areas for improvement. By keeping an up-to-date record of your net worth, you can make sure you are staying on track with your financial goals.