The process for figuring out your net worth is really quite easy.  You need to figure out everything you are worth by figuring up everything that is a positive value and subtract the negative value.

So first figure out what your assets (things that bring income in or add value - like your home) are first.  Now figure out your liabilites (obligations or money you owe).  Your home (the market value) is an asset... the mortgage is a liablity.

Check out this vlog from AllBusiness to see if you have a positive or negative net worth.  Please feel free to leave your questions or comments.