Sheet1Calculating Your Net WorthEvery quarter, public companies produce a balance sheet for shareholders that shows the company's "book value" -- essentially the value of the company if you sold off all the assets and used that money to pay off all the debts. People and families have their own version of "book value" known as "net worth." It's one of the simplest financial calculations. Tally all your assets, and subtract all your debt, and what's left is your net worth -- how much you're worth. If your net worth is negative, well, then, you're carrying too much debt.AssetsCash$5,000Savings/Money Market0.0CheckingCertificates of DepositOther savings-based assets (savings bonds, etc.)$10Life insurance, cash value$700,000Annuities, surrender valueInvestmentsBrokerage accountMutual fund accountStocks/bonds held personallyInvestment real estateOtherInvestments total0.0Retirement accountsKeoghSep IRATraditional/Rollover IRA401(k), 403(b), etc.Profit sharingPension plan balanceOtherRetirement accounts total0.0Market value of primary home$180,000Market value of autos$10,000Jewelry/precious metals/gemstones0.0Collectibles0.0Furnishings/art0.0Other assetsTOTAL ASSETS$895,010LiabilitiesMortgage(s)$140,000Auto-loan balance(s)Credit-card balance(s)$2,000Student loansBack-taxes owedHome-equity loan/line-of-creditInvestment debt (margin)Other debt owedTOTAL LIABILITIES$142,000NET WORTH (total assets - total liabilities)$753,010Adapted from "The Wall Street Journal Personal Finance Workbook," by Jeff D. Opdyke.Copyright 2006 by Dow Jones & Co. Published by Three Rivers Press, an imprint of the Crown Publishing Group, a division of Random House Inc.