How to Find Out Your Actual Net Worth


What is net worth?

Simply put: The value of what you own minus how much you owe = net worth.

Determining your personal net worth is one of the first and most important steps to get you on your way to building wealth.

To do it manually, suggests adding together:

  1. The amount in your checking and savings account
  2. Other brokerage or retirement accounts
  3. The market value of your home and automobiles
  4. The cash value of your life insurance

To determine your liabilities (how much you owe), First, acquire a copy of your credit report so you have a comprehensive list of any credit lines that are open. Then calculate the amounts of:

  1. Home loans such as mortgages, home equity or line of credit
  2. Auto loans or leases
  3. Student loans
  4. Credit cards
  5. Any other loans or debts you might owe

Now, subtract your liabilities from your assets and you’ll have a pretty good idea of your net worth.  

After all, knowing where you are now will help you get to where you want to go.

For more information on building wealth, check out Wealth Can’t Wait!


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