List all assets (include cash, checking/savings, retirement accounts, brokerage accounts, real estate equity, vehicles, valuables, business interests, and any other property you own)
Record the current market value (or estimated realizable value) of each asset
Add up total assets
List all liabilities (include credit card balances, student loans, auto loans, mortgages, personal loans, tax debts, outstanding bills, and any other debts you owe)
Record the current balance due for each liability
Add up total liabilities
Subtract total liabilities from total assets
Net worth = total assets − total liabilities
If desired, compute net worth categories (e.g., liquid net worth: liquid assets − liquid liabilities)