Finding Out How Much You Are Worth

[jeffrey]

Even if you're a navigational genius, it's hard to figure out how to get somewhere when you don't know where you are.

That, in a nutshell, is one of the most compelling reasons to periodically estimate your net worth, which is a measure of your assets minus your liabilities.

Figuring out your net worth is key to creating a comprehensive financial plan and provides a good measure of whether you're making progress financially.

If nothing else, performing a net worth calculation can be a motivating factor. You may think, for instance, that you're doing fine on savings until you realize that your non-mortgage debts all but erase or exceed them... [read more at money.cnn.com]