What are you worth today? What will you be worth in the future?
America Saves "Personal Wealth Estimator" is a two-part financial calculator. In the first part, you can determine your current net worth. If you wish, you can then proceed to the second part of the Estimator to determine your future net worth, based on assumptions that you make about additional savings, interest rates, rates of return, and other factors.
PLEASE READ THIS: Keep in mind that the Estimator is just that. Unknowable stock yields and other variable factors mean that future net worth calculations are only estimates.
PART 1: ESTIMATING YOUR CURRENT NET WORTH
Please supply the following information in order to estimate your current net worth:
Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.
Written by Great Lakes Michigan Saves | April 19, 2016
With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.