CALCULATE YOUR NET WORTH IN 2015 | MONEY MONDAYS Your NET WORTH can be defined as the grand total of all your ASSETS (things that your own) MINUS all the LIABILITIES (debts/loans that you owe people or institutions. Calculating your net worth just before you begin your new year is highly beneficial, as it gives you a good starting point for the new year, and a good reference point at the end of the year, as you will be evaluating how you have done for the year 2015. The formula for calculating your net worth is simple List all your ASSETS, then SUBTRACT all your LIABILITIES. The figure that you end up with is your NET WORTH. It is good to know your net worth because; 1) It helps you know where you are financially 2) It gives you a good starting point for fixing your financial position or improving your financial position. 3) It helps you know how far you are with your retirement plan.
Posted on: Tue, 30 Dec 2014 22:08:57 +0000