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How to Determine Your Net Worth

You may have valued some classic college photos as being worth a thousand inexplicable words, easily appraised by your fond memories. Calculating your net worth is a little more complicated, but it simply comes down to determining the difference between your assets and liabilities.

Just like a big corporation working their balance sheet to report to shareholders, you have a personal balance sheet that indicates the bottom line of your financial health. Find out how to break down your money and possessions into assets and liabilities when you


The simplest way to do this is to create a spreadsheet with assets in one column and liabilities in the other. Calculate your approximate net worth by adding up all of your assets, then subtract your liabilities from your total assets.


  • Cash (checking, savings, certificates of deposit, cash value of life insurance, etc.)
  • Market value of home and other real estate
  • Any investment accounts, including retirement plans
  • Art and collectibles
  • Estimated market value of automobiles, furniture, jewelry, loans owed to you


  • Outstanding mortgage loan
  • Auto loans
  • Student loans
  • Any credit lines
  • Credit card balances
  • Other outstanding bills


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