Calculate Your Net Worth
Calculate Your Net Worth
- Set Your Goals
- Determine What You Can Use for Emergency Funds
- Calculate Your Net Worth
- Record Your Expenses
- Bring Your Family into the Picture
The next step is to find out where you are. You need to know exactly what you own (your assets), what you owe (your liabilities) and what, if anything, is left over (your net worth). This is called a net worth statement or balance sheet.
Take all the things you own − All the money you owe to others = Your net worth
Your net worth amount tells you how much wealth you have accumulated over the years. If you are disheartened by the figure, you're not alone. Many people want to throw up their hands and give up at this point. But stay with us! We are going to show you how to do something about it.
Investment and insurance products and services are offered through Osaic Institutions, INC. Member FINRA/SIPC. FNB Wealth Management Services is a trade name of First National Bank. Osaic Institutions,Inc and the bank are not affiliated. Products and services made available through Osaic Institutions, Inc. are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK. MAY GO DOWN IN VALUE.