 TITLE: How to Start Increasing Your Net Worth Today CONTENT: Calculate Your Net Worth\n------------------------\nYou can determine your net worth by subtracting your liabilities from your assets. Liabilities include anything you owe, such as credit card debt, a mortgage loan and student loans.\nOn the flip side, assets are anything you have that you could potentially use to pay off debt. This can include checking and savings account balances, investments accounts, a home or a car.\nTo calculate your net worth:\n*   **Pick a date**: Your net worth is a snapshot of your financial situation at a single moment, so pick a date, either at the end of the month, quarter or year, on which you'll calculate your balances.\n*   **Gather the data**: Log into your online accounts and pull up statements from all of your assets and liabilities to determine their balances on the date you chose. If you're counting a vehicle or a home, use the fair market value based on the last appraisal or an educated guess based on the value of comparable homes and vehicles in your area.\n*   **Do the math**: Start by adding up your assets and liabilities separately, then subtract the latter from the former.\nNote that if your liabilities exceed your assets, your net worth will be negative. This means that you cannot currently pay off all of your debt if you lose your job or something else happens that has an adverse impact on your financial health.\nIf your assets exceed your liabilities, however, that means you can satisfy all of your debts with what you already own, with some money to spare. END