How do you calculate your net worth?

This is done using a simple calculation – add up the value of your assets and then subtract the business liabilities (expenses) from the total value of assets. The result will be your net worth. In the example shown on the next page, the entrepreneur’s net worth is R200 000. 20 000

How can you improve your net worth?

Evans suggests people of all ages devote 10% to 20% of their income to improving their net worth. That could mean paying down debt, investing or saving for retirement. For young adults who think they have time, she notes that the longer money is in the market, the more likely it is to grow substantially.

What is a good net worth?

Maintain an Effective Tangible Net Worth (defined as total assets, less intangible assets, loans to shareholders/affiliates/officers/employees, minus total liabilities, plus subordinated debt) of not less than $20,000,000.00, on a quarterly basis.