Networth Statement.
We provides the service of preparation of personal net worth statement of individuals for submission to various bank authorities for the purpose of availing and enhancement of facilities from various banks and financial institutions.
Personal Networth Statement
A net worth statement is simply a personal balance sheet. It shows where you stand financially.It provides a summary of your assets minus your liabilities.In other words, your personal net worth is calculated by listing all that you own, and then subtracting all that you owe to get a net number.The first step in calculating your net worth is to gather all the necessary financial documents, which includes your recent bank and loan statements. Once you have the required information, start the calculation by listing all of your assets with their values.The calculator will then add together all your assets to get your total assets number. Your goal should be to continually increase those assets every year so you can reach your financial goals.
Why we calculate Networth Statement?
It's important to calculate net worth every year because you can only improve what you measure and track.Calculating your net worth every year gives you a running snapshot of how your financial picture is improving over time."
✔Net worth gives you a clear picture of your financial well-being so you can make better informed decisions.
✔Calculating your personal net worth is the best way to know exactly what your starting point is and how far you need to travel to reach your long-term financial goals.
✔Growing and tracking a positive net worth not only keeps you on a positive financial course, but it can also help you qualify for loans and more attractive credit terms.
✔Setting financial goals and identifying problem areas is much easier when you know what your current net worth is.