MEASURE YOUR NETWORTH
Your net-worth helps you ascertain your financial health. It is the difference between what you own and what you owe.
ASSETS - LIABILITIES = NETWORTH
Calculate your net-worth annually and keep track of changes. A positive networth means you can pay off all your debts while negative networth means you owe more than you own. An increasing net-worth means you are doing well financially.
Use this sheet periodically to calculate your networth and know where you stand financially.