I found a little hard when it came to calculating net worth due to the fact that I have minimal assets (and liabilities) that can be found over the internet. I do have a bank and can check online bank statements as well as an E*Trade account, I can figure out the value of my car but things get a little more complicated from there. I still live with my family with no bills and carry no credit cards so I believe I dont have as many sources when it comes down to subtracting and adding my balance compared to another individual. In figuring out someones net worth I believe the following resources are needed which can be found online.
- Balance of Checking/Savings accounts
- Balance of Debt (Student loans, Personal loans, Credit Cards)
- Balance of Vehicles
- Balance if Retirement Accounts (Roth IRA, 401K)
- Balance of Mortgage
