How to calculate net worth - Deepstash
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How to calculate net worth

  1. Add up the total valued of your cash and other assets. Items could be cash, stocks, bonds, DCs, 401(k), real estate, the money you're owed. Your goal is to determine how much these assets would be worth if you were to convert them into cash.
  2. Then subtract all your outstanding liabilities, such as credit card balances, student loans, mortgage(s), medical debt, car loans, private loans, payments remaining on a home or car lease.

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Your net worth

Your net worth

Your net worth is the total value of all your assets, minus all of your liabilities.

It is important to know your net worth so you can calculate how much progress you're making and how close you are to financial independence. Banks and investment advisors ...

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Why you should know your net worth

  • Knowing your net worth provides you with an actual state of your finances.
  • It can also tell you how close you are to achieving financial independence.
  • Tracking over time helps you know if you're spending too much month after month.
  • When opening a bank or brokerage...

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Total food specialist. Friendly webaholic. Coffee fan. Proud analyst. Tv expert. Explorer. Travel nerd. Incurable beer advocate.

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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...

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