VIEWS: 1,493 PAGES: 2 CATEGORY: Investing POSTED ON: 3/29/2010
Net worth is calculation of assets less liabilities. Net worth essentially evaluates an individual's wealth after meeting all liabilities, such as debt. This simple template allows an individual to populate cells for all assets and all liabilities; the spreadsheet then calculates the difference between the assets and liabilities. In some instances, the calculation of an individual's net worth results in a negative figure even though an individual holds massive assets and might be seen as a wealthy person.
NET WORTH $ 3,491,000.00 ASSETS $ 5,485,000.00 ASSETS LIABILITIES $ 1,994,000.00 Cash and Bank Accounts Cash $ 3,270,000.00 Savings $ 5,000.00 Checking $ 10,000.00 Other $ - $ - $ - 73.34% $ - Total Cash and Bank Accounts $ 3,285,000.00 26.66% Other Assets Auto property $ 30,000.00 Real estate property $ 2,000,000.00 Personal property $ 70,000.00 Debtors $ - Others $ - $ - $ - $ - Total Other Assets $ 2,100,000.00 Investments 401(k) $ 100,000.00 Roth IRA $ - Sep IRA $ - Stock $ - Bonds $ - CD's $ - Others $ - $ - $ - $ - Total Investments $ 100,000.00 TOTAL ASSETS $ 5,485,000.00 LIABILITIES Credit cards $ 40,000.00 Automobile loan $ 17,000.00 Mortgage $ 1,700,000.00 Student loan $ 222,000.00 Personal loan $ 15,000.00 Others $ - $ - $ - $ - TOTAL LIABILITIES $ 1,994,000.00 - TOTAL LIABILITIES $ 1,994,000.00
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