Personal Net Worth

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Equation / Last modified by KurtHeckman on 2016/08/06 14:37
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The Personal Net Worth calculator computes the approximate net worth of an individual but summing up the typical personal assets and liabilities.


Enter your Assets:

  1. Cash - This is the cash you have on hand, in the bank and even your car ashtray and the cracks of your couch.
  2. Auto - This is the reasonable resale value of any cars or trucks.
  3. Equities - This is the current market value of any stock, bonds or other equities.  Note this includes retirement savings.  However, not the include tax penalties for early withdraws in your liabilities.
  4. Real-estate - This is the current market value of any real estate you own.
  5. Jewelry - This is the current market resale value of any jewelry or precious metals in fine silverware or old coins (See Precious Metals Calc here).
  6. Other - This is the sum total resale value of other assets like boat, furniture, and collections.  That set of baseball cards or vintage Barbie Doll may have real value. 

Enter your Liabilities:

  1. Credit Card -  This is the total you owe on all of your credit cards and store credit accounts.
  2. Student Loans - This is the total you owe on all student loans.
  3. Personal Loans - This is the total you owe on personal loans.
  4. Mortgage -  This is the total loan balance on all real-estate mortgages including home equity loans.
  5. Taxes - This is any outstanding taxes that you will be required to pay.
  6. Other Liabilities - This is all other cash that you will be required to pay including alimony, child support, and any wage garnishments.  This also includes the strike price that you may have to pay on any stock options.

The calculator will sum these two categories and provide your Total Net Worth.

Net Worth

[Personal Finance| Accounting| Income Statement| Balance Sheet] Net Worth is a way to measure progress, and to help you foresee trouble before you get buried too deep. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. A consistent increase in net worth indicates good financial health; conversely, net worth may be depleted by annual operating losses or a substantial decrease in asset values relative to liabilities.




What is included in Net Worth?

Assets include:

  • Value of real estate owned (this maybe more than your equity, or the amount you have paid on your property so far)
  • Value of personal property worth $500 or more (such as jewelry or a car)
  • Bank Accounts
  • Savings Bonds
  • Investment/Retirement Account

Liabilities include:

  • A Mortgage
  • Auto Loan Balances
  • Student Loan Balances
  • Credit Card Debt
  • Any Other Money Owed