. NET WORTH                                               

  Net Worth Growth Strategies
Here's a simple plan to grow your net worth.
  Net Worth Calculator

The difference between your total assets (what you own) and debts (what you owe) is your Net Worth. It identifies your cash liquidity for any emergencies and provides a snapshot of your financial status. Ideally, it should be at least 3 times higher than your income.

HOW TO USE THIS CALCULATOR*                                                                                            
Enter your information;
Click the 'calculate' button after each table for automatic calculation;
Make as many changes as you like. Print a copy for a permanent record (use LANDSCAPE format vs. Portrait);
For questions and guidance, click on the e-mail button to reach us.

STEP 1: Current Assets   

 

So, let's go…in the first three steps you'll identify your and your spouse's current assets, other assets and personal assets.

Current Assets Calculation:

 

You

Spouse

Total

Cash (checking, saving)
 
Short Term Investment
 
Canada Savings Bonds
 
Stocks / Equity Mutual Funds
 
Bonds / Bond Mutual Funds
 
GIC's
 
Other
 
     
 
Current Assets Total    
 

 
Tell me why I should save

Top

STEP 2: Other Assets Calculation

   
 

You

Spouse

Total

RRSP's / RESP's
 
Employer Pension Plan
 
Profit Sharing Plan
 
Life Insurance Cash Value
 
Other
 
     
 
Other Assets Total    
 

 
Tell me why I should save

Top

STEP 3: Personal Assets Calculation

   
 

You

Spouse

Total

Residence
 
Real Estate
 
Vacation Property
 
Vehicles
 
Furnishings
 
Jewellery, Art, Antiques
 
Other
 
     
 
Personal Assets Total
 
 
 

 
Tell me why I should save

Top

STEP 4: Total Assets Summary


That wasn't too tough! Here's a summary of your total assets, before we move on to calculating liabilities

 
 

You

Spouse

Total

Current Assets    
 
Other Assets    
 
Personal Assets    
 
     
 
Total Assets
 
 
 

Top

Step 5: Current Liabilities Calculation

    
 

You

Spouse

Total

Credit Cards
 
Short Term Loans
 
Line of Credit Balance
 
Income Tax Owing
 
Other
 
     
 
Current Liabilities Total
 
 
 

 
Tell me why I should save

Top

Step 6: Long Term Liabilities Calculation

   
 

You

Spouse

Total

Mortgage
 
Personal Loans
 
Investment Loans
 
Other
 
     
 
Long Term Liabilities Total
 
 
 

 
Tell me why I should save

Top

Step 7: Total Liabilities Calculation


Following is a summary of your liabilities. Now, you have all the information needed to calculate your net worth. Let's move to Step 8

 

You

Spouse

Total

Current Liabilities
 
Long Term Liabilities
 
     
 
Total Liabilities
 
 
 

 
Tell me why I should save

Top

Step 8: Net Worth Calculation *

  
Done!  As you can see, Total Assets less Total Liabilities equals Total Net Worth
 

 

You

Spouse

Total

Total Assets    
 
Total Liabilities    
 
     
 
Total Net Worth*
 
 
 



Top


 Here's a basic plan to build Net Worth:


* For general illustrative purposes only. We cannot guarantee accuracy and/or applicability to your situation. Contact your Advisor directly for exact amounts, quotes or advice.
 
FAMILY BUDGET  |  MORTGAGES  |  PERSONAL & AUTO LOANS  |  RETIREMENT  |  INVESTMENTS  |  EDUCATION 
INSURANCE  |  TAX PLANNING  |  ESTATE PLANNING  |  SEVERANCE  |  NET WORTH  |  CALCULATORS
Understanding Financial Planning  |  Terms & Conditions  |  Privacy
© Copyright 2009 GO Figure All rights reserved