Books In Use: The Total Money Makeover

  Dave Ramsey is a popular Christian personal finance guru with his own syndicated radio show and online "university" for learning to manage money. His advice is simple, straightforward, and nearly universal. Summary: Dave's mission, should you accept it, is to get out of debt as quickly as possible. He provides a list of "seven baby steps" to financial freedom; some of which may be skipped...

Calculating Net Worth

In corporate accounting, the accountant's equation looks like this: Assets = Liabilities + Capital (or Stockholder's Equity) In personal finance, the equation is written a little differently: Assets - Liabilities = Net Worth Calculate Your Assets List your largest assets; for most individuals this includes real estate and vehicles Next, list your "liquid" assets--checking and savings accounts,...