Calculating your assets and liabilities - Deepstash

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Calculating your assets and liabilities

Assets are anything of value that you own that can be converted into cash. Examples include:

  • Investments
  • Bank and brokerage accounts
  • Retirement funds
  • Real estate
  • Personal property: vehicles, jewellery and collectables.
  • Cash

Your liabilities represent your debts, such as loans, mortgages, credit card debt, medical bills and student loans.

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Determine your target net worth - where you want to be in the near-term and long-term future.

Your net worth gives an overview of your financial situation at this point. It is the difference between what you own and what you owe.

It can help you to determine when you are and how to get where you want to be.

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