Net Worth

Your net worth refers to the difference between your assets and liabilities.  It provides a big picture view of your current financial situation - think of it as a financial report card that allows you to evaluate your current financial health, and helps you figure out what you need to do to reach your financial goals.  ​ Source: Money Life Wax How to calculate your net worth You can do this in three easy steps.  Step 1:  Add up the total value of all your assets.  Your assets are resources that have economic value with the expectation that they will provide