How to set up a personal net worth statement.
Setting up a net worth statement is as easy as creating a simple checklist and doing some basic math.

1. List your assets (what you own), estimate the value of each, and add up the total. Include items such as:
Money in your bank accounts
Value of your investment accounts
Your car
Market value of your home
Business interests
Personal property, such as jewelry, art, and furniture
Cash value of any insurance policies

2. List your liabilities (what you owe) and add also up the outstanding balances. Include items such as:
Mortgage
Car loan
Credit card balance
Student loans


3. Subtract your liabilities (2)from your assets(1) to determine your personal net worth.