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Smart Money Tip: Calculate your net worth

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Nick Youngson
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CC BY-SA 3.0 Pix4free
Calculating your net worth helps you set goals for the future.

The end of the year is a great time to reflect on how the past 12 months went and prepare to set new financial goals in January. Experts suggest reviewing your net worth at least once a year. The goal is for your net worth to increase year after year.

DO THIS TODAY: Review your assets and liabilities. Use the simple formula “assets – liabilities = net worth”. Keep a record of your net worth with important financial documents and assess the progress you make over time.