Wealth Management

Sample Balance Sheet
Wealth-building assets	Amount
Cash	$1,500
Savings account	$1,000
Stocks, bonds and other investments	$5,000
401(k) retirement plan / IRA	$25,000
Market value of home	0
Other assets
Market value of car	$14,000
Total assets	$46,500
Liabilities	Amount
Home mortgage	$0
Car loan balance	$13,000
Credit card balances	$3,000
Student loan	$5,000
Child support*	$2,400
Miscellaneous liabilities	$1,500
Total liabilities	$24,900
Net Worth	$21,600

Using the sample balance sheet as an example, figure your own net worth.

Be sure to add any assets and liabilities you have that are not listed here. Remember that net worth is your wealth. Are you worth as much as you want to be?