Total What You Owe
Many people think in terms of monthly payments instead of the total debt they have accumulated. This is a quick way for you find yourself deeply in debt. To find out your net worth, you must take the total of all your debts to give you a true picture. Grab your current credit card statements, auto loans, mortgages, school loans, medical debts, and any other money you own. Then enter the totals owed in each category into the right liabilities columns to get a total of your debts.
Be sure to save this worksheet because the next step will be to analyze the information to begin to formulate your financial freedom plan!