2006-06-12 17:28:28 · 5 answers · asked by Lori D 2 in Business & Finance ➔ Personal Finance
Practically:
Add: 1) the value of your bank accounts
2) the value of your 401k, 403b, and retirement IRA's
3) the fair value of all other "investments"
4) add the fair market value of your home (e.g. what you could sell it for)
Subtract:
1) total credit card debt.
2) The remaining balance on your home mortgage (what you owe the bank
3) any personal loans you may have
2006-06-19 14:45:48 · answer #1 · answered by ricketysplickity 2 · 0⤊ 0⤋
You calculate individual net worth the same way you calculate a business's net worth.
Assets - Liabilities = Net worth
What you own - what you owe = how much you're worth
2006-06-12 17:35:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Your net worth is the difference between what you own that has real value and the sum of all of your debts.
2006-06-12 17:32:58 · answer #3 · answered by quietwalker 5 · 0⤊ 0⤋
add up everything you own like houses, cars, bank accounts, etc.
then subtract your debt such as mortgages, credit card debt etc.
2006-06-12 17:30:58 · answer #4 · answered by caityQ 2 · 0⤊ 0⤋
www.humanforsale.com
okay, so that's not very accurate..but it's fun to try.
2006-06-12 17:33:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋