List what you own
Bank balances, investments, retirement accounts, property and other assets of meaningful value, recorded at a realistic current value.
List what you owe
Home, car, personal and education loans, plus outstanding credit card balances.
Track the trend
The value of the exercise comes from repeating it. A rising trend over years is a better signal than any single reading.
Key Takeaways
- Net worth is assets minus liabilities, measured at a point in time.
- The direction of travel matters more than the absolute figure.
- Reviewing it annually makes progress visible.
- Net Worth
- Financial Habits
Ready to create a financial roadmap?
Start Your Financial PlanInformation published by 365 Wealth is intended for educational and general informational purposes only and should not be considered personalized financial, investment, insurance or tax advice. Individual circumstances differ. Please consult an appropriately qualified professional before making financial decisions.