About This Tool
The net worth calculator helps you measure your financial health by subtracting your total liabilities from your total assets. It's a snapshot of what you own versus what you owe. Tracking your net worth over time shows whether you're building wealth or going into debt. This tool is useful for personal financial planning, applying for loans, or just getting a clear picture of where you stand financially.
How It Works
Net worth is calculated as: Net Worth = Total Assets - Total Liabilities. Assets include cash, investments, property, vehicles, and valuables. Liabilities include mortgages, car loans, credit card debt, student loans, and other debts. The calculator sums your inputs in each category and displays the result. A positive net worth means you own more than you owe; negative means the opposite.
Examples
- If you have $50,000 in savings, a $300,000 home, a $20,000 car, and $5,000 in investments, but owe $200,000 on the mortgage and $15,000 on the car, your net worth is $160,000.
- A person with $10,000 in cash, $30,000 in student loans, and $5,000 in credit card debt has a net worth of -$25,000.
Pro Tips
- Use market value for assets like your home and car, not what you paid for them—update values annually.
- Include illiquid assets (like retirement accounts) but remember they may have penalties for early withdrawal.
- Track your net worth quarterly to see trends; a rising net worth is a sign of financial progress.