Net Worth
This Net Worth worksheet does not follow exactly standard bookkeeping practices. To know your true Net Worth you would need to know exactly what all your assets are worth, incomes, as well as investments. Then each expenses, money going out - loans or anything else you spend money on, is subtracted. It looks something like this: Net Worth = Assets - Liabilities.
Net Worth Worksheet
This wont provide a true Net Worth picture, but it will give you an idea of just where you stand. Just subtract all of your expenses from your income. If the number is a positive number, you are in good shape. If on the other it is not, you had better make some changes or you will never be able to build wealth.
|
Net Worth |
|
Income [all sources] (+) |
$ |
| Fixed Expenses | $ |
| Variable Expenses | $ |
Total Expenses (-) |
$ |
Net Worth (+/-) |
$ |
