To check your financial strength, net worth calculator is the best thing to do it. Your net worth increases or decreases each day as it depends on the value of properties you own like house, car, shares etc. Calculating your net worth or the net worth of your competitor is always important if you want to start a new business or invest in something very important. Same case implies on celebrity net worth finding. We do same with these additional approaches.
I will take myself as an example. In my situation, everything is included in the net worth calculation i.e. my bank accounts of all types, the home in which I am currently living, my vacation home, my rented properties, the furniture I own, my 1 car and 1 bike, the gold (jewelry), prize bonds, shares in national stock market, my business deals and the very important thing my debts. These all things will be included when I will try to check my net worth.
assets – liabilities
This is never an easy task if you go on to calculate it manually (But I’ll recommend this). A net worth calculator or general formula can help everyone. Just grab a paper and pen and list down the value of everything you own and then subtract it with your debts. The result will be your very own Net Worth. This is a good practice if you do not trust net worth calculator software’s which are present everywhere on the the web. But in case you want it then I’ll recommend this CNN posted tool.
To be honest, my very own net worth is approximately $5 thousand only and I have used the both manual method as well as net worth calculator software’s available online. How? I have I few percentage share in Allied School Sargodha, 10 Marla plot in Eden life and few other websites including this one. Net woth stats change on monthly basis, sometimes weekly!
Lastly, I recommend you to check your net worth every month so that you can easily manage your financial goals and increase your net worth.