What is my current net worth?
Your net worth is your accumulated assets less all your accumulated liabilities. Some examples to help you work out your net worth are as follows:
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Assets |
Liabilities |
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Lifestyle assets – i.e. your home, contents, motor vehicles, holiday home, boat, caravan |
Mortgage, credit cards, personal loans, line of credit, interest-free loans, after-pay. |
|
Nest egg assets (cash, shares, super, investment properties, managed funds) / loans that were borrowed to purchase/fund these assets
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Nest egg liabilities - Investment loans, margin loans, line of credit
|
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Active assets/liabilities - Business assets |
Loans for the business and business assets |
|
Total |
|
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Net Worth = Total assets – Total Liabilities |
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