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Assess Current Situation Net Worth   Activity Proper cash management requires you to have a good understanding of your financial situation right now. Start by calculating your net worth. Your net worth is simply your assets minus your liabilities. Click on Net Worth Worksheet to begin. Very few people actually know their net worth. But knowing it can tell you where your financial planning focus should be. Are your assets greater than your liabilities? If so, make sure you are maximizing your assets. And check that you have the right kind of debt (no credit card debt). Do your debts outweigh your assets? If so, focus on the debt reduction activities found later in this course. < PREVIOUS NEXT > #38599