Hard Jacks – What is Your Net Worth?

Net Worth

Net worth is an indicator of an individual’s financial health, which measures assets minus debt. Assets usually include retirement accounts, investments such as home equity or savings accounts, vehicles or personal possessions like art or furniture while liabilities include mortgage payments or credit card balances.

Calculating your net worth involves first compiling an inventory of all of your assets – stocks and bonds, real estate, savings accounts and any other valuables – before listing all liabilities like mortgages, car and student loans. Subtract this number from your total assets for an accurate representation of your net worth that will allow you to create budgets, influence spending decisions and motivate debt repayment plans while saving more for future use – this number can even serve as a useful benchmark when making comparisons!