Chapter 1 Planning Your Financial Future: It Begins Here
15
You probably have some assets. Perhaps you have a cell phone, cash, money in a
savings account, jewelry, sports equipment, video games, or other things of value. As
part of your fi nancial plan, you need to prepare a net worth statement.
1. List the assets you own and the amount each one is worth. Be aware that many items you own are
probably no longer worth their purchase price. List an amount you could probably get for an item
if you sold it. List the amounts of money you have in cash or in bank accounts.
Assets Amounts
$
$
$
$
$
$
$
$
Total Value of Assets
$
2. List any liabilities you have and the amount for each one.
Liabilities Amounts
$
$
$
$
Total Amount of Liabilities $
3. Subtract your total liabilities from your total assets to fi nd your net worth.
Assets
$
Liabilities
$
Net Worth
$
Give
It a
Go
Net Worth