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2: Size Up Your Situation

Size Up Your Net Worth

magnifying glass with coinsNet worth is the total value of what you own (your assets) minus what you owe (your liabilities). Nothing more than that – just a snapshot for a point in time. Some people view net worth as your “wealth.” A growing, positive net worth is the aim to help you achieve your financial goals and pay for your retirement.

Calculate Your Net Worth

Use this worksheet to calculate your net worth.

Now that you know your net worth, you probably want to see how you compare to others. Comparison is a slippery slope. We all have different values and needs, so it can be more productive to focus on your particular lifestyle, level of comfort, happiness and sense of financial security.

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