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Finance Knowledge Base - Net Worth Worksheet as Part of Your Financial Profile

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The Net Worth Worksheet is a crucial step in constructing a good financial plan. You must know what your financial resources are before you can manage them properly.
Additionally, you will see how you have allocated your financial resources. People tend to accumulate assets in a couple of places. And this may not be the best way to allocate your resources. People can usually tell you all kinds of minuscule facts about themselves and their families. However, ask them what their net worth is and they can only give you a 'ballpark' figure; and usually, they're not very close.

The following version can be printed off, although you may prefer the spreadsheet versions for ease of calculation.

Income Source Sum
Cash and cash equivalents  
Savings account  
Credit union account  
Deposit Account  
Other  
Total Cash Assets   
Stocks  
Bonds  
Unit trusts  
Fixed income securities  
Options  
Futures  
Commodities  
Interest in businesses  
Other  
Total Stocks and Bonds  
Value of your home  
Value of any holiday homes  
Rental properties  
Other  
Total Real estate value  
Gold and silver  
Art  
Antiques  
Coins and stamps  
Other  
Total Collectibles  
Company pension plan  
Profit sharing  
Savings plan  
Total Retirement Assets  
Cash value of life insurance  
Surrender value of annuities  
Total Insurance Receipts  
Automobiles  
Boats  
Caravans/Campers  
Jewellery  
Household furnishings  
Other  
Total Personal property  
TOTAL ASSETS  
Home mortgage  
Other mortgages  
Other loans secured against property  
Automobile loans  
Other loans  
Credit card debt  
H.P. debt  
Unpaid Income taxes  
Unpaid Property taxes  
Miscellaneous debt  
TOTAL LIABILITIES  
Net Worth (Total Assets Less Total Liabilities)  
Calculating Your Net Worth

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