Joe Anderson, CFP® takes you through the steps of how to calculate your net worth.
0:13 “Here I have money in a non-qualified account. That could be a brokerage account, mutual bonds, stocks, whatever I have outside of my retirement accounts, jot that down on a piece of paper”
0:23 “Then add up all of your retirement accounts”
0:40 “Wherever you have your cash, you want to make sure you document that”
0:56 “If the market value is x then you take your debt from that and that is going to get you your equity”