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Home >> Manage Your Money
What is Net Worth?
How do I calculate my net worth? |
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 Net worth represents your moentary value at a moment in time. Simply put, it is your assets, minus your liabilities. Your assets includes all your cash, in your pocket and in your bank accounts, stocks, bonds and mutual funds you own, debts owed to you, your home, vehicles, furniture and more. These are the values at that moment, not a replacement cost but what you could reasonably sell these for. Everything of value is your asset. Deducted from this are your liabilities. This includes mortgages, loan payments for vehicles, credit cards, taxes owed, utility payments and any other debt. When you deduct the liabilities from the assets, you have your net worth.
Published on BankingQuestions.com 7/28/06
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