Wednesday, May 20, 2015

We just went thru this exercise. Fear about Finance is a Demonic Effort Reinforced by TV and Radio commercials about how no one is ready for retirment. It's all FEARMONGERING

 I don't know if you can use this calculator from the blog, but the one at the link works fine

What are you worth?

Periodically calculating your net worth -- the value of your assets minus your liabilities -- is the best way to measure and track your financial well-being.

WORKSHEET
  1 ASSETS   2 DEBTS
Stocks and stock funds: $ 
Bonds and bond funds: $ 
Cash (Savings accounts, CDs, money-market funds): $ 
Retirement accounts (401(k), IRAs, SEPs): $ 
Variable annuities $ 
Value of primary residence: $ 
Vacation property / second home: $ 
Art, collectibles, jewelry, furnishings: $ 
Other: $ 
 
Total assets: $ 
Mortgage(s): $ 
Home-equity loan: $ 
Student loan: $ 
Credit cards: $ 
Other: $ 
 
Total debts: $ 
WHAT'S MY NET WORTH?
CALCULATE  $ 

HOW DO YOU COMPARE?
Breakdown of households by net worth:

Median household net worth: $100,894


Source: Claritas, December 2003 data

http://cgi.money.cnn.com/tools/networth/networth.html

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