Mark Moss walks through calculating your net worth by adding up cash, retirement accounts, investments, home equity, and other assets. He uses a $625,000 example to show how a $1 million home with an $800,000 mortgage contributes $200,000 in equity to your total.
So how much do I have? What do I have? What is my net asset value? So how much money do I have in my savings account? How much cash do I have? How much do I have in my retirement accounts, my 401s, my mutual funds, my IRAs, all those types of things? How much do I have that I'm investing on my own in my brokerage accounts, my investment accounts, things like that? Maybe I've put some into private equity or, you know, venture capital, or I own some, some equity in some businesses, whatever. And then I have a home, right? So, you know, I have a home, it's worth $1 million, I owe $800,000 on it. So I have $200,000 of home equity. that number there. And then I have some other productive assets, miscellaneous stuff, you know, whatever it is. I have some business equipment, whatever, write that amount there. Okay. These are all, you just fill these things out and it gives me a total. I have $625,000 as my starting base.
