Now that you've gathered all the information about your own assets and liabilities, you may find the next part easy. You'll simply need to add up all of the amounts listed under assets, and separately, add up all of the amounts listed under liabilities. You should end up with two numbers: a grand total of assets and a grand total of liabilities. Finally, subtract the total liabilities from the total assets -- and, voila! You have your net worth.
The formula can be expressed simply as:
Net worth = assets - liabilities
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