List all assets owned by the person
Include cash and bank balances
Include investments such as stocks, bonds, mutual funds, and retirement accounts
Include real estate and property
Include vehicles and valuable personal items
Include business ownership interests
Include other assets with monetary value
List all liabilities owed by the person
Include mortgages
Include car loans
Include student loans
Include credit card debt
Include personal loans
Include taxes owed and other outstanding obligations
Add up the total value of all assets
Add up the total value of all liabilities
Subtract total liabilities from total assets
Use the formula: Net Worth = Total Assets – Total Liabilities
Recalculate regularly to keep the net worth current