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Estimating Your Net Worth Statement

Table output

Build a simple net worth snapshot.

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Help me build a net worth statement. Assets with approximate values and dates: [ASSETS]. Debts with balances: [DEBTS]. Valuation sources I trust (or none): [SOURCES].

Create a table of assets (cash, accounts, property, vehicles, other) and liabilities, then calculate totals and net worth with the arithmetic shown. Mark estimates that are uncertain (for example, the value of a home or car) and give a range using the information I provided rather than a guess from outside data. Explain what net worth does and does not tell me, and how to track it quarterly with a simple log. Add a section on how to treat illiquid items and items I would not sell. Do not recommend investments or comment on whether my figures are good or bad.

Keep this educational: no personal investment recommendations and no tax or legal conclusions. Mark anything that depends on local law with [VERIFY] and the relevant [JURISDICTION].

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