List all assets you own
Include cash, bank accounts, investments, retirement accounts, real estate, vehicles, and valuables
Determine the current market value of each asset
List all liabilities you owe
Include mortgages, loans, credit card balances, taxes owed, 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
Use the formula: Net Worth = Assets – Liabilities
Recalculate regularly to track changes over time