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CALCULATE YOUR NET WORTH The purpose of the worksheet is to help you outline clearly the status of Networth .it is a kind of a balance sheet of your finan as it tells you how much you own as assets and what are your liabilities . The deference beetween what you own and what you owe is your net worth.Monitoring the net worth helps in tracking progress to wards a specific financial goal. Filling in values: For assets,try to insert the latest approximate value of the investment. For liabilities ,take the approximate in the last month bills. ASSETS (Liquid assets+investment+real estate+personal property) LIQUID ASSETS Cash in hand Saving account Money market funds Short term debt funds Any other debt funds Total liquid assets(l) INVESTMENT Stock Mutual funds Ulips Post office investments Bank fixed deposit Any other Total investment(i) Total Assets(A) (l+i+r+p) SHORT -TERM LIABILITIES Children school fees Insurance premiums Rent Medical expenses Repair bills Credit cards bills Travel expenses Entertainment Electricity bills Phone bills Any other liabilities Total short-term liabilities (s) Total liabilities(B) (s+l) Net Worth (A-B) TOTAL CURRENT DEBT Total currentdebt is combination of your monthly payments to sevice your loans through EMIs and the sum total of short -te such as utility bills,rent,credit cards bills and insurance premiums . These debt obligations have to be met within a year .In case of loss of income, liquid assets can be used of pay these liabilitie EMI of loan for self occupied house EMI of loan second house EMI for car loan 1 EMI for car loan 2 EMI for education loan EMI for personal loan EMI any other loan Total loan payment (A)= Total short-term liabilities (B) Toatl current debt=A+B ET WORTH orth .it is a kind of a balance sheet of your finances deference beetween what you own and ogress to wards a specific financial goal. vestment. For liabilities ,take the approximate amounts ASSETS +investment+real estate+personal property) REAL ESTATE Self-occupied house Second house Plots Any other Total real estate(r) PERSONAL PROPERTY Motor car 1 Motor car 2 Household furnishings Jewellery and gold Any other (collectibles) Total personal property (p) LIABILITIES (shot-term+long-term) LONG -TERM LIABILITIES (OD) Home loan 1 Home loan 2 Car loan 1 Car loan 2 Education loan Personal loan Any other loan Total long-term liabilities (l) ans through EMIs and the sum total of short -term liabilities , liquid assets can be used of pay these liabilities.
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