To determine your net worth, first list all your assets at their current value. Include cheque and savings accounts, time deposits, the cash value of your life insurance, the current value of savings bonds, how much you could withdraw from employee profit-sharing plans and retirement programmes, and the current cash value of stocks, mutual fund shares, bonds or other securities. Add in any accrued interest when listing the values of these assets. Also list the market value of your home and any other property you own. Include the value of your car, household goods, jewellery, artworks, antiques, and anything else you could convert into cash; evaluate items at the price for which you could sell them, not at their current retail price. Include any money you are owed and can reasonably expect to collect.
Now list your liabilities : the current amount of outstanding loans, such as mortgage and car loans; how much you owe on credit cards and other instalment debts; how much you owe in rates; university tuition fees for your children; and all other outstanding debts and financial commitments. Total the two columns and subtract your liabilities from your assets. The result is your net worth.