How can you calculate your net worth?
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Net worth is a simple measure really. It’s the value of all the things you own minus the value of all your debts. So if I own a house worth $300,000 but I still owe $250,000 on my mortgage then the that house only adds $50,000 to my net worth.
Value of assets – liabilities.
So if you own a house worth 100€ and have stocks worth 10€ and cash worth 1€, but have a house mortgage of 80€ and student loans worth 30€, then your net worth is:
100€+10€+1€-80€-30€ = 1€.
Add up the money in all your accounts (bank, retirement, venmo, etc), any stocks or other investments, and the value of all your property (house, car, land). You could add up the value of other possessions like furniture and whatnot but most people don’t. Then when you have that number you subtract all outstanding debts (credit cards, medical bills, and payoff amounts for houses and cars). The number your left with is your net worth. It’s basically how much money would be left if you died and everything you have is sold off.
net worth is basically just if you liquidated all your assets how much money would you have? so sell your car, house, stocks, valuables, whatever, put it all in one checking account (none of this is advised btw) and boom there is your networth.
Add up the value of everything you own, and subtract all your debts – that number is your Net Worth.
My net worth is about the money i summed up about 35000€ with a car 20 000 € and a few this and that about another 5000€
So my net worth is about 60 000 €
How much liquid money do you have + the net value of the assets you own – any debts you have.
What exactly did you think net worth was? It’s pretty self explanatory.
It’s your assets – debts.
So add up the value of your investments, retirement accounts, equity in home, cars.
Subtract debt like balance on mortgage, car loan, student loans, credit card balance.
The difference is your net worth.
Imagine you have a stock portfolio worth $50k. $100k in a 401k. Your home is worth $400k and your mortgage balance is $180k. You have a car worth $20k you still owe $10k on. And a credit card balance of $5k.
Your net worth is 50+100+(400-180)+(20-10)-5 = $375k
Add up the present value of everything you own (cash, investment, properties, cars, things). Subtract all the debt you have. That’s your net worth.
Say I have graduated from uni and am working. I currently have saved 40k but my uni debt is 75k. 40-75= – 35. So my net worth is negative 35 k. This is a true story btw
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