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Net_worth

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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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