When you see Beyonce's net worth of $450 million or President Donald Trump's net worth of $3.7 billion, you're probably wondering, "What is my net worth?" Although you might not be worth millions or billions of dollars, you don't have to be a millionaire or a billionaire to find your net worth.

Your net worth is a snapshot of the value of what you own minus what you owe. If you have a negative net worth, then you owe more than what you have available to you. A positive net worth means the value of what you own is greater than the amount that you owe.


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If you have dreams of becoming rich, knowing and monitoring your net worth is important. Here's how to calculate your net worth so you can grow your personal wealth.


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How to Calculate Your Net Worth
To find your net worth, you'll first need current figures for everything you own and everything you owe.

Collect the following information:

Real estate ownership papers
Current registered and non-registered investment statements
Current values on recreational vehicles and automobiles
Bank account statements
All mortgage statements
Credit card statements
Student, automobile, bank loan, credit line and personal loan statements
Life insurance statements
Once you have all your information, you can begin calculating your net worth by starting with a list of all of your assets, which are anything of value that you own that increases your net worth.