Net Worth Calculator
Calculate your net worth by subtracting your liabilities from your assets.
Cash & Cash Equivalents
Investments
Property
Other Assets
Add New Asset
Assets
Enter the value of everything you own, including cash, investments, property, and personal items.
Liabilities
Enter all your debts, including mortgages, loans, credit cards, and other financial obligations.
Net Worth
Your net worth is calculated by subtracting your total liabilities from your total assets.
Adding Items
Use the "Add New Asset" or "Add New Liability" sections to add custom items to your calculation.
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Understanding Net Worth
What is Net Worth?
Net worth is a financial metric that represents the value of what you own (assets) minus what you owe (liabilities). It provides a snapshot of your financial health at a specific point in time and can help you track your progress toward financial goals.
Why Calculate Your Net Worth?
Calculating your net worth regularly offers several benefits:
- Provides a clear picture of your overall financial health
- Helps track progress toward financial goals
- Identifies areas where you can improve your finances
- Assists with retirement planning
- Helps with estate planning
What to Include in Your Assets
Assets include everything you own that has monetary value:
- Cash and cash equivalents (checking accounts, savings accounts, money market accounts)
- Investments (stocks, bonds, mutual funds, retirement accounts, brokerage accounts)
- Real estate (primary residence, vacation homes, investment properties)
- Personal property (vehicles, furniture, electronics, jewelry, art, collectibles)
- Business interests
What to Include in Your Liabilities
Liabilities include all your debts and financial obligations:
- Mortgages and home equity loans
- Auto loans
- Student loans
- Credit card debt
- Personal loans
- Medical debt
- Taxes owed
How to Improve Your Net Worth
There are two main strategies for improving your net worth:
- Increase your assets: Save more money, invest wisely, and acquire assets that appreciate in value
- Decrease your liabilities: Pay down debt, avoid taking on new debt, and refinance existing debt to lower interest rates