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[quote=Anonymous][quote=Anonymous]So, is there a good online calculator one can use to figure net worth or are you all just sitting down and doing the math?

Just trying to figure out what all I should include or not include if I wanted to calculate net worth.

[/quote]

You add up the balances in all your financial accounts--401k, IRA, brokerage, and bank accounts.

Add the value of your house and car, as well as any other real estate owned.

Subtract the amount of your mortgage, car loan, and any other debt like credit card debt.  (I always skip cars because we paid cash and it doesn't add much, but if you skip the car and have a car loan there is no need to deduct the loan if the value of your car exceeds the amount owed.)

You may have slightly more complicated assets.  For example a trust that pays X a year.  Divide X by 4 and multiply by a hundred for a rough approximation of the value. The same would apply to a pension, but there are differing views on whether a pension should be included in net worth.[/quote]

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