Calculate Rosa's Net Worth
For this assignment, you will fill in a balance sheet with Rosa's finances. Then you will check your work using online net worth calculators.
1. Fill in the balance sheet below with each of Rosa's assets and liabilities. Calculate (add up) her total assets and total liabilities. Then calculate her net worth. (15 points)
Assets ($)
Liabilities ($)
Net Worth ($)
Cash
Student loans
TOTAL ASSETS
– TOTAL LIABILITIES
Checking account
Credit card(s) balance(s)
Savings account
Mortgage balance
Home value
Home equity loan balance
Real estate value
Other real estate loans
Personal property (jewelry, sound system)
Car loan or lease balance(s)
Money market accounts
Unpaid taxes
401(k)
Unpaid utility bills
Other retirement accounts
Other loans
Stocks value
Other liabilities?
Bonds value
Life Insurance value
Other assets?
TOTAL ASSETS
TOTAL LIABILITIES
2. Now you will check your work using some online tools. Use both links below to find online net worth calculators. Enter Rosa's assets and liabilities into each online form. Record what you find in the table below. If necessary, adjust your original calculations based on what you find. (5 points)
NerdWallet Net Worth Calculator
Kiplinger's Net Worth Calculator
Assets ($)
Liabilities ($)
Net Worth ($)
Nerdwallet
Kiplinger's
Student's Calculation (adjusted)
Reflect on Net Worth
For this assignment, you will reflect on what you have learned about net worth. Consider lessons that you might apply to your own finances in the future. Respond to the prompt below in one complete paragraph.
Your response should include a topic sentence that addresses the prompt, as well as two to three supporting details. Finish your response with a concluding sentence that ties your paragraph together. Pay attention to spelling, grammar, and punctuation, as well.
Prompt: What lessons have you learned about net worth from Rosa's experience? (10 point
