Monthly Archives: June 2012

What is your current Net Worth?

I stumbled upon a web page with an Easy way to calculate your Net Worth.  What is Net WorthNet Worth is your Assets – Liabilities.  This calculation will help you get an idea of where you are financially.

Here is the link to the Net Worth Calculator:

http://www.emeraldtools.com/EContent/index.cfm?fuseaction=co.displayContentView&contact_ID=3612891&item_instance_ID=16831661&content_ID=738

If your calculation is negative, set goals for yourself to get on the positive side (by yourself or with the help of a financial adviser).  If your number is negative, that means too much spending is the problem.  Try to find areas you can cut down on.

If your calculation is positive but low, set goals to build it up through saving and investing. Put an emphasis on the amount you save and minimize the amount you spend.

If your calculation is high, continue to build on this success.  Having a high net worth will allow you the ability to make decisions for you and do things you want to do without having to worry about your financial situation.

Hope this helps.  Thanks for reading.