 TITLE: What Is Net Worth? CONTENT: How to Determine Net Worth\n--------------------------\nCalculating your net worth is a fairly simple process that involves adding up all your assets and then subtracting your total liabilities. Follow these steps to calculate your net worth:\n### 1\\. Make a List of All Your Assets and Their Values\nWrite down all of your assets. As noted above, these include your current checking and savings balances, your retirement savings and anything you own that has value. If you own a house or car, use its current market value when adding up your assets.\nYou may know what some of your assets are worth and not others. For example, unless you appraised your house within the past few months, you may not know its exact value. In these situations, you can go with estimates: Use websites like Zillow and Trulia to find out the estimated value of your home, and Edmunds and Kelley Blue Book to estimate your vehicle's value.\nOnce you've listed all your assets and their actual or estimated values, add up the numbers and you'll know the total value of your assets.\n### 2\\. Make a List of All Your Liabilities and Their Values\nNext, list all of your liabilities. Include the balances on your student loans, mortgage, auto loan, personal loans and credit card accounts. Add up all the numbers and you'll have the total amount of all your liabilities.\n### 3\\. Subtract\nFinally, subtract your total liabilities from your total assets. The number you are left with is your net worth.\nIf the figure you calculated is negative, you owe more than you own. In the event it is positive, you own more than you owe. Of course, you should always strive for a positive net worth and make an effort to increase it as much as possible. END