Calculating Your Net Worth

What is net worth?
How often shall we calculate our
net worth?

In personal finance, net worth is
used to refer to an individual's
net financial position; similarly, it
also uses the value of all assets
minus the value of all liabilities (debt).

The formula is simple:
Net worth = the value of your assets minus
your liabilities

How often if will depends on the
individual needs, but I think we
should do it at least once a year.
Once you have all the facts in hand,
it's useful for you to plan and create
your budget in the coming years.

How to calculate? Where to start?
It's very simple, use the Internet ,
open the Google search engine, and
type in "net worth calculator", there
are plenty of online tools available
for you. You can add in the keywords
such as "Free" "Online" in addition of
net worth calculator to refine your
search or click here for the free tools.

Periodically calculating your
net worth is the best way to
measure and track your financial
well-being. If you have not calculate
your net worth before, do it now.