Your Net Worth

Updated 8 months ago

Some of you mat remember Consurmer Credit Counseling. This national non-profit agency helped thousands of people working with creditors when they faced job losses, illness or other reasons to be in financial trouble. They are now called Money Management International and they offer web-based information on practical financial issues.I thought I’d show you their site to help you figure out your net worth. A Net Worth Statement simply directs you to subtract what you owe- your liabilities from what you OWN, your assets. The remainder is your net worth.Your assets include cash in checking, and saving accounts Property – such as car, house, boat, land and camp Investments- CD’s, retirement and other investments in stocks, bonds, mutual funds and annuities Liabilities o subtract from the assets mortgage principal, Other debt you have on land, car or boats Taxes owed and credit cards Tuition and other debt.Add up the assets. Add up the liabilities. Subtract the liabilities from the assets and that’s your net worth.Citation:http://www.financialliteracymonth.com/30Steps/Step8.aspxMarion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Vote Norumbega Financial for Bangor’s Best Financial Planning Firm at Market Surveys of America In compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Wall Street Financial Group, Inc., Norumbega Financial and all other entities listed herein are separate entities, independently owned and operated.


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