
Household Net Worth
Step 1.
Calculate the total value of your assets (and, if married, of your spouse), including:
- Cash (such as checking and savings accounts, CDs, money-market funds)
- Stocks, bonds, and mutual funds
- Stock options
- Closely-held business interests
- Retirement accounts (such as a 401(k), IRA, or SEP)
- Deferred compensation plans
- Commercial annuities
- Value of home and any vacation property
- Automobiles
- Art, collectibles, jewelry, furnishings

Step 2.
Calculate the total amount of any debts, including:
- Mortgages
- Home-equity loans
- Credit card balances
- Personal loans
- Student loans
- Auto loans

Step 3.
Subtract the total debt from the total assets to obtain your household net worth, which must be under $750,000 in order to be eligible for the program.