My net worth

The assets you accumulate throughout your life minus any liabilities will determine your net worth. The aim is to grow your assets and reduce your liabilities. The goal is to reach a point where your assets can generate sufficient income to fund your lifestyle or expenses, without you having to work. This is passive income. Income you receive with very little effort. These are important points to remember if you are working towards working for yourself, attaining financial independence, or retiring comfortably.

• Download the Excel spreadsheet and save it on your PC.
• You may also use the one provided in your Workbook, depending on your preference.
• Capture your Assets and Liabilities and calculate your net worth.