I’m giving a rather non-detailed high-level calculation here with estimated values, but I think it gets the main point across.  Basically, this number is going to stay low until we can continuously work down our debts through persistence and determination…

Assets		Debts
House	$210,000	Mortgage	$205,000
Vehicles	$5,000	2nd Mortgage	$35,000
Possessions	$20,000	Student Loan	$9,500
401K	$4,000	Credit Cards	$16,000
Emergency Fund	$2,000
Total	$241,000		$265,500

Net Worth = Assets - Debts = $241,000 - $265,500 = -$24,500