What is my Net Worth?
(Net Worth vs. True Worth)
Your net worth is simply what you have less what you owe. To calculate your net worth, start by adding up all of your assets. Your assets include such things as:
Now sum up your assets. Take a look at that number. Do you like what you see? If you were completely out of debt, this would be your net worth! You can use this number as an incentive to .
Now let’s look at the other side of the ledger, your liabilities. This list includes such items as:
Now total your liabilities. Subtract your liabilities from your assets and you have your net worth.
So how do you know whether your net worth is good or bad? If your net worth is negative, that’s not good. It could indicate that you are living a lifestyle that your income can’t support. Start
while the digging is good. If your net worth is $1 million or more, technically you are a millionaire. Congratulations!
has a calculator that will tell you how your net worth compares to others in your peer group (age and income level). Whether your net worth compares favorably to your peers or not, there is a far more important measure of your worth found in the words of scripture.
The Bible says your true value is found in Jesus Christ. You have value in the fact that God made you (). He made you in His image () and He has plans for you ().
Whether you have spent time in prison, held a public office or won a Nobel prize, you have inherent value because Jesus paid a tremendous price for you (). God sent his Son to die for you so you can be with Him forever.
But God demonstrates His own love for us in this: While we were still sinners, Christ died for us. – Romans 5:8 NIV
So take heart! Work on improving your net worth if you want. My
can help you get started. Just know that, high net worth or not, God sees your true worth and He loves you.
Maybe you’ve never personally accepted what Christ did for you on the cross. There’s no better time than now! You can find out more at my
page. Thanks for reading and God bless you.
Can I ? I would love to hear from you. .
Want more on this topic? Check out the Biblical Money Principles .