Assume I'm single.

Complete a personal balance sheet for yourself if you are single, or for your family if you have others in your household. Carefully document all of the assets you own and try to obtain fair market value estimates for your assets. Next, gather information for all unpaid liabilities and other debts. Once you input the assets and the debts into a balance sheet, calculate your net worth. What does your net worth indicate about your financial situation? Explain. Four