As an individual, you are of infinite worth.  Your abilities and qualities are unique to you.  The world needs you and you need to know that.  But, we’re not talking about that kind of worth today.  We’re talking “net worth” today.  I know, it would be more warm and fuzzy to talk about the first type of worth, but I’m not a guidance counselor or a self-help guru.  I’m a finance guy. 

Your “net worth” is the sum total of all of your assets minus all of your liabilities.  All you need to do to figure your net worth is to add up all of your assets and subtract all of your liabilities, and boom!  There’s your worth, er, huh, net worth. 

In the 52 Weeks To Prosperous Living program, we’ve given you a guidance sheet to figure your net worth, but if you aren’t subscribed to our free program, here’s a list of assets that could be included in your personal balance sheet.  I’ve also included a list of liabilities that could be used to figure your net worth:


  • Stocks
  • Bonds
  • Cash (savings accounts, CD's, cash in your safe)
  • Retirement Accounts (401k's, IRA's, etc.)
  • Vehicles
  • Annuities
  • Cash Value of Life Insurance
  • Real Estate (including your primary residence)
  • Art
  • Jewelry
  • Guns
  • Home Furnishings                                                                            


  • Mortgage(s)
  • Home Equity Loans
  • Auto Loans
  • Student Loans
  • Credit Cards
This measure, your net worth, is the best indicator of your financial position at  a particular time and will help you to measure your progress toward your financial goals.

Most people will want to improve their net worth each year into retirement, and then spend down from there.  To do so will require some discipline.  You may need to cut spending or find a way to increase income.  More income or lower expenses , and better, safer investment returns are your only ways to really increase your net worth. 

After developing your net worth worksheet, you’ll be well on your way to your financial goals.  I hope you reach them!!!  

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