January 20th, 2012 
Paul Smith 
?Almost half of all Americans do not know what their net worth is. They have not bothered calculating it, do not see the benefit of it, and many do not even know how to make the calculations. Understanding how to calculate your net worth, how much you have in assets, and how much money is tied up in liabilities that you owe is critical to ensuring that you are on the right track financially. Calculating your net worth is very easy and something that every family should do about once every three months as an azimuth check to ensure that you are headed in the right direction. There are a lot of online tools such as a savings calculator can help you calculate and track your net worth.
What is net worth? Net worth is what public companies call equity. Just like your home, it is the value of your investments, assets, and possessions after taking into consideration how much you owe other people in the form of loans and liabilities. Net worth is the result of subtracting your liabilities from the total of all your assets.
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