Start with Planning
- Set Your Goals
- Determine What You Can Use for Emergency Funds
- Calculate Your Net Worth
- Record Your Expenses
- Bring Your Family into the Picture
Calculate Your Net Worth
The next step is to find out where you are. You need to know exactly what you own (your assets), what you owe (your liabilities) and what, if anything, is left over (your net worth). This is called a net worth statement or balance sheet.
Take all the things you own − All the money you owe to others = Your net worth
Your net worth amount tells you how much wealth you have accumulated over the years. If you are disheartened by the figure, you're not alone. Many people want to throw up their hands and give up at this point. But stay with us! We are going to show you how to do something about it.
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Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.