To determine how much money you will have in 2022, you need to determine how much you have in assets and liabilities. Your assets are your possessions that are exchangeable for cash. Your assets include stocks, bonds, homes, cars, and money in your checking account. Some of these assets are more liquid than others. The quickest way to get rid of these assets is to cash them in for a higher price than they are currently worth.
Your liabilities should be included as well. These can be personal loans, student loans, and other debt that is not tied to your assets. Make sure to include the total balance for all of your liabilities. To find out how much your debt is worth, check your last loan statement. If you still have some balance, you can use it in the calculation. It is best to add up all of your debts and assets and compare them against each other.
In addition to your assets, you should also list your liabilities. The value of your debts should be lowered to reflect the value of your liabilities. If your assets are in cash, you can put the cash value of your loans and debts in the calculator. If you do not have any of these assets, you should estimate their values. Be conservative when estimating the value. It is important to know where you stand financially in the future.