![Free-eBooks.net](/resources/img/logo-nfe.png)
![All New Design](/resources/img/allnew.png)
p Health, disability, and long term care insurance policies
p Homeowners, renters, auto, and umbrella insurance policies
p Life insurance policies
p Other
32
3. Balance Sheet to Calculate Net Worth
Date
Use this balance sheet to calculate your net worth, which is the total value of what you own (assets) minus what you owe (liabilities). Your goal is to have a positive net worth that grows each year.
First, add up the approximate value of your assets, including your checking and savings accounts, investments, and property, such as your home (if you own it). Then add up your liabilities (debts), including any amounts you currently owe on a home mortgage, auto or student loans, credit card debt, and other outstanding amounts owed. Finally, subtract your liabilities from your assets to get your net worth.
ASSETS
VALUE
LIABILITIES
VALUE