Step 7

The difference between your assets and debts is called net worth. This is an easy number to calculate and a good one to know. If your net worth is positive then it means that you have financial resources and resources mean options. If your net worth is negative (more debts than assets) then this may be a point of focus for your 2013 financial plan.

Calculate your net worth and jot it down. Be sure to date it so you can measure your progress!