Air Conditioning
Antiques
Apartments
Appliances
Architects
Art
Attorneys
Auctioneers
Auto Body Services
Automobiles
Awnings / Canopies
Bagels
Bakers
Ballons / Novelty
Banks
Banquet Facilities
Bathroom Remodeling
Beauty Salons
Bed & Breakfast
Beverages
Bicycles
Boats
Bookkeeping
Bridal Shops
Builders
Buses
Business Consulting
Business/Consumer Services
Cabinets / Cabinetry
Carpenters
Carpets
Caterers
Cellular
Child Day Care
Chimney Sweep
Chiropractors
Cleaners
Commercial Refrigeration
Computers
Concrete
Contractors
Copying / Duplicating
Country Club
Dance
Deck Maintenance
Dentists
Doors
Electricians
Electronic Repair
Fences
Floors
Firewood
Florists
Formal Wear
Furniture
Garage
Gifts
Glass
Golf
Gymnastics
Health
Hearing Aids
Heating
Home Improvements
Home Networking
Income Tax Preparation
Insurance
Interior Designers
Internet Services
Investment Planning
Janitor Services
Jewelers
Kitchens / Baths
Laboratories
Landscaping
Lawn Care
Lighting
Limousine
Locks / Locksmiths
Martial Arts
Masonry
Massage
Medical Equipment / Supply
Mortgages
Motels / Hotels
Motorcycles
Moving
Music
Nails
Networks / Systems
Notaries
Office Supplies
Oils
Optometrists
Painting
Paving
Pest Control
Pet Supplies / Grooming
Pharmacy
Photographers
Physicians
Pianos / Organs
Pizza / Pasta
Plumbing
Pools
Printing
Real Estate
Rentals
Resorts / Vacations
Restaurants
Retirement Planning
Roofing
Rubber Stamps
Rubbish Removal
Security Systems
Self Storage
Septic Tanks
Siding
Tailors
Tanning Salons
Telecommunications
Therapists
Towing
Tradeshow Exhibits
Travel
Tree Service
Veterinarians
Wallpaper
Water
Windows
Winery / Vineyards

Lehigh Valley:
Arts
Churches
Coupons / Specials
Libraries
Museums
Pennsylvania Lottery
Schools
Weather
Zip Codes

National:
Breaking NEWS
Cooking Recipes
Health / Fitness Tips
Income Tax - IRS
Movies
Sports
Stock Quotes

Calculate Your Net Worth

The first step in calculating your net worth requires that you determine the value for all your assets (what you own). Include these categories in your assets: Liquid Assets Any money that can be accessed on short notice, such as checking and savings accounts; short-term investments, such as money market accounts and certificates of deposit (CDs); and T-bills (Treasury bills). Use their current value. Investments Stocks, bonds, mutual funds, stock options, annuities, life insurance, employer-sponsored retirement plans, and other employee benefits. Use their current after-tax value. Real Estate Calculate the current after-tax market value of your primary residence and any vacation homes or investment properties. Personal Property Cars, motorcycles, boats, jewelry, furs, wine, and electronic equipment are all part of your assets. Some assets, like artwork, antiques or a stamp collection, may appreciate in value, while others, like cars and boats, depreciate over time. Use their current market value. Miscellaneous Items Include anything else that does not fit into the aforementioned categories. Such items might include equity in a business or a trust fund. The second step requires that you calculate a value for all your liabilities (what you owe). Include the following categories in your liability items: Mortgages This is usually the single greatest liability that many people have. Use the mortgage balance. Secured Debt Any items that can be resold by the lender, such as cars, trucks, motorcycles, boats, and business loans. Use the loan balance. Unsecured Debt Personal loans such as student or home renovation loans. The greatest source of unsecured debt for many people is credit cards. Use loan or credit card balances. The third and final step is to simply subtract your liabilities from your assets. If your assets are larger than your liabilities, you have a positive net worth. If your liabilities are larger than your assets, you have a negative net worth. Interpreting the Results The results of this net worth calculation should help you work toward reaching a better financial picture. If you have a negative net worth, then you are "technically" bankrupt. If you have a positive net worth, it's a good sign that you're doing things right and are headed in the right direction. In either case, there will always be room for improvement. Once you have an established value, you then have a benchmark to compare future results in order to see whether your situation is improving or not. A good rule of thumb is to calculate your net worth at least once a year. Your personal net worth statement is the equivalent of a company's balance sheet. Just as a company prepares its balance sheet annually to check on its financial health, you should likewise prepare your net worth statement to ensure that your financial health improves each year.