How do I calculate my net worth?
Your net worth is a balance sheet listing of your assets (what you own) and your liabilities (what you owe). The difference represents your net worth.
Your bank can give you a “Statement of Net Worth” forms that are used by loan applicants. Fill in values for assets using the appropriate market value (not your cost price). Separate your assets by liquid and non-liquid investments. (Retirement plan assets such as 401(k) plans are considered non-liquid assets.)
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