net worth = income - liabilities
step 1: list all your assets
example:
cash : in-hand and bank account
shares : including asb and unit-trust nav
retirement account : epf and such
takaful : current cash value
real estate : current value of house, land and building
personal property : car, antiques, jewelry, etc.
step 2: list all your liabilities
example:
bank loan: mortgage, vehicle loan, personal loan, etc
credit card: the balance that you own the bank
other debt: loan from friend, relatives, government, etc.
step 3: use net worth calculator or worksheet
some net worth calculator available online
maybank2u.com.my
YKConsultancy
Kiplinger.com
msnbc.com
sample of net worth worksheet available online
Microsoft Office Online (excel template)
About.com : Financial Planning (html)
Buildingwealth.ca (excel)
Simple Biz Planning, Inc (pdf)
and get the value..
thats your net worth.
