Net Worth

Financial Wellness can be largely evaluated by three major numbers. Net Income is one of them. 

Your disposable income and credit score are the other two numbers that can help you determine your current financial fitness and begin on a systematic road to financial maturity.  I repeat this value for each of the three steps for emphasis. 

As Defined in Accounting for Personal

Asset: A resource with economic value that an individual owns or controls. 

Liability: Something for which one is obligated

Net Worth = Total Personal Assets - Total Personal Liabilities 

GOALS: Build debt-free assets. Reduce Liability. 


ASSETS - Market Value

  • Cash
  • Checking/Savings
  • Home (s)
  • Time Share 
  • Other Real Estate
  • Vehicle(s) ALL kinds
  • Household Goods
  • Furnishings
  • Electronics
  • Collectibles
  • Sports & Hobbie Equipment
  • Firearms
  • Clothes
  • Jewelry
  • Any financial accts
  • Bonds/Mutual Funds
  • Stocks
  • Retirement & Pensions
  • Security Deposits
  • Annuities/ IRAs
  • Trusts
  • Patents, Copyrights, Trademarks, Trade Secrets, Etc
  • Licences, Franchises, Professional Licenses
  • Support OWED to you
  • Insurance Interest
  • Claims
  • Loans Due
  • Equity of Business Assets 
  • Inventory
  • Interest in Partnerships
  • Anything else

LIABILITIES - Balance

  • Mortgage
  • Real Estate Loans
  • Vehicle Loans
  • Department Stores
  • Other Charge Cards
  • Personal Loans
  • Credit Cards
  • Medical & Dental Bills
  • IRS / State Taxes
  • Other Taxes Due
  • Child / Family Support
  • Student Loans
  • All other debts

Rica J. Gilmore, Broker, Realtor® 

  • Virginia License VA #0225235314 
  • Rica Jo Ann Gilmore,​ ​Realtor®​ ​ ​
  • Graduate, REALTOR® Institute
  • ​​Rica Realty​​​ ​​​VA #0225235314​
  • ​Accredited Buyer's Agent
  • ​Seller Representative Specialist​ 
  • ​REALTORS® Commitment to Excellence​
  • ​Military Relocation Professional
  • Seniors Real Estate Specialist®
  • Short Sales and Foreclosure Resource
  • Pricing Strategy Advisor
  • Home Measurement Specialist
  • ​Real Estate Negotiation Expert​
  • ​Certified Team Specialist​

Rica Jo Ann Gilmore, Broker  Realtor®144 Shoe Lane, Newport News, VA 23606 1-757-932-7422  

North Carolina License NC 305512:  Rica J. Gilmore, Broker The Virtual Realty Group - Independent Firm Main office: 8116 Arlington Blvd, Ste 115, Falls Church, VA 22042 Telephone 1-888-407-2410 


The listings data displayed on this medium comes in part from the Central Virginia Regional MLS, (CVR MLS) and has been authorized by participating listing Broker Members of Central Virginia Regional MLS, (CVR MLS) for display. Central Virginia Regional MLS, (CVR MLS)  listings are based upon Data submitted by its Broker Members, and Central Virginia Regional MLS, (CVR MLS) therefore makes no representation or warranty regarding the accuracy of the Data. All users of Central Virginia Regional MLS, (CVR MLS) listings database should confirm the accuracy of the listing information directly with the listing agent.

CVR MLS and/or Rica J. Gilmore and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain complications of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.

Information Deemed Reliable But Not Guaranteed


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