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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