Use My Free Net Worth Calculator Before You Search For A Franchise To Own
Before you search for franchise opportunities to own, you need to determine your financial net worth. Why?
- So you can figure out how much money you have to invest, and how much money you’ll have in reserve.
- The franchise companies need to have it, so they can determine if you’re financially qualified for their opportunity.
What Is Your Net Worth?
In its simplest terms, net worth is your assets minus your liabilities.
If you own it, it’s an asset.
If you owe money on it, it’s a liability.
And figuring it out is easy and free.
Just fill out the fields below to calculate your net worth. (Then print the page.)
You now have your official personal net worth statement.
Even if you don’t end up investing in a franchise business, the information listed (on your net worth form) can be used when other financial matters come up — like college, home purchases, and more.
Suggestion: Bookmark this page now, so you can go back and use this free net worth calculator to update your personal financial information as needed.
Net worth is assets minus liabilities. It’s the best way for you to determine where you stand, financially.
Assets are the things you own. Examples include a paid off home or car, and stocks and bonds.
A liability is something you own money on. For example, if you took out a loan on a car, it’s the balance of what you owe the bank.
It’s recommended that you calculate your net worth on an annual basis, although some people do it semi-annually.