How to easily calculate your net worth
Calculating your net worth is super easy with the fillable document created by the FDIC. All you have to do is insert in the value. The calculations are all set up for you.
Your net worth is your assets minus your liabilities. It sounds so simple when someone says it, but there are always questions.
The first step is to list your assets in one column and list the value in the second column.
Here are some examples of assets:
Now add up all your assets.
Next, make a list of all your liabilities. In the first column list who you owe the debt to and in the second column write down how much you owe.
Some examples of liabilities are:
Then add all your liabilities.
The final step is to take your total assets and subtract your total liabilities. This is your net worth!
Congratulations on calculating your net worth!!! I just love this kind of stuff!
If you like to learn by watching, I created a YouTube video and inserted numbers as an example. you can watch it on YouTube.
In the video, I show you how to fill out the form on the FDIC’s website.
Knowing what your net worth is has value in thinking about how you can create a higher net worth.
How to increase your net worth.
The best way to increase your net worth is to pay off debt.
Learn More!
I hope you found this information helpful!
Any recommendations I make should be taken into consideration with your values and goals. You should make the best decision that aligns with your family’s values.
As a Financial Coach, my mission is to help families save more, spend less so they can buy and do the things most important to them and spend their time and energy focusing on their kids.
Spending quality time with your kids is more important than stressing about finances. Instead of going to friends and family and sharing your financial struggles, reach out to me. I love talking about money, values, assessments and strategies to make positive changes to your financial habits to live a life you love.
I understand because I’ve been through some really challenging financial situations. Learn more about me.
I’m a kind, heart-centered coach who is excited to help you! If you’re struggling with your finances, get the results you want – I promise to keep you accountable and help you manage your finances successfully . I have a 100% guaranteed or your money back for the 1st session!
Finally, I wish you success in your financial journey😊
Join the private Facebook community to get tips, tricks & hacks to save more, spend less & build excellent credit
Follow me on YouTube to get tips, tools and helpful resources to CRUSH your financial goals!
1:1 Coaching:
Get personalized coaching focused on you
If you have experienced unhealthy relationships and have feelings of bitterness, resentment or anger towards…
When you're a busy mom sleep is so important for your emotional, mental and physical…
In the aftermath of a toxic relationship, the world can feel like total chaos. For…
Here is a video I created that talks about a few different things I do…
Here's a video I created where I share how difficult Valentine's Day was for me…
Have you ever felt nervous, anxious or frustrated about receiving text messages from an ex…
This website uses cookies.