List all assets you own
Include cash, checking, savings, investments, retirement accounts, real estate, vehicles, and valuable personal property
Assign a current market value to each asset
List all liabilities you owe
Include credit card balances, student loans, car loans, mortgages, personal loans, and other debts
Add up the total value of all assets
Add up the total amount of all liabilities
Subtract total liabilities from total assets
Net worth = Total assets – Total liabilities
Recalculate regularly to track changes over time