Go Figure - Online Financial Planning

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

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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

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STEP 3: Personal Assets Calculation


	You	Spouse	Total
Residence
Real Estate
Vacation Property
Vehicles
Furnishings
Jewellery, Art, Antiques
Other

Personal Assets Total

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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
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Step 5: Current Liabilities Calculation


	You	Spouse	Total
Credit Cards
Short Term Loans
Line of Credit Balance
Income Tax Owing
Other

Current Liabilities Total

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Step 6: Long Term Liabilities Calculation


	You	Spouse	Total
Mortgage
Personal Loans
Investment Loans
Other

Long Term Liabilities Total

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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

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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*

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	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.

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