Example Net Worth Calculation
|
Assets
|
|
Liabilities
|
| Cash and equivalents |
|
|
Short-term liabilities |
|
| Checking accounts |
3,000
|
|
Credit card balances |
2,000
|
| Money market accounts |
8,000
|
|
Personal loans |
0
|
| Savings accounts |
0
|
|
Margin loans |
0
|
| Certificates of deposit |
0
|
|
Other short-term loans |
0
|
| US Treasury bills |
0
|
|
Accrued expenses |
0
|
| Total |
11,000
|
|
Total |
2,000
|
|
|
|
|
|
|
| Investments |
|
|
|
|
| Bond mutual funds |
5,000
|
|
|
|
| Individual bonds |
0
|
|
|
|
| Stock mutual funds |
5,000
|
|
|
|
| Individual stocks |
1,000
|
|
|
|
| Cash value life insurnace |
0
|
|
|
|
| Money owed to you |
0
|
|
|
|
| Illiquid investments |
0
|
|
|
|
| Total |
11,000
|
|
Long-term liabilities |
|
|
|
|
|
Student loans |
8,000
|
| Retirement accounts |
|
|
Auto loans |
3,000
|
| Pension (present value) |
4,000
|
|
401(k) loans |
0
|
| IRAs, Keogh or SEP |
6,000
|
|
Life insurance loans |
0
|
| 401(k), 403(b) etc. |
20,000
|
|
Home equity loans |
0
|
| Total |
30,000
|
|
Home mortgages |
77,000
|
|
|
|
|
Long-term investment loans |
0
|
| Personal assets |
|
|
Other long-term loans |
0
|
| Primary home |
100,000
|
|
Total |
88,000
|
| Second home |
0
|
|
|
|
| Art and other collectibles |
0
|
|
Total Liabilities |
90,000
|
| Autos |
12,000
|
|
|
|
| Home furnishings |
1,000
|
|
|
|
| Jewelry and furs |
3,000
|
|
|
|
| Other assets (boat etc.) |
2,000
|
|
|
|
| Total |
118,000
|
|
|
|
|
|
|
|
|
|
| Total Assets |
170,000
|
|
Net Worth |
80,000
|
