Net Worth Calculator

This tool helps you track your overall financial health by comparing your total assets (everything you own) against your total liabilities (everything you owe). A positive net worth indicates financial strength.

Assets (What You Own)

Cash & Savings

Checking, savings, and emergency funds

Investments

Stocks, bonds, 401k, IRA

Real Estate

Market value of your home or properties

Personal Property (Vehicles, etc)

Resale value of cars, jewelry, electronics

Liabilities (What You Owe)

Mortgage

Total remaining home loan balance

Student/Auto Loans

Combined total of education and car debt

Credit Card Debt

Total balance across all credit cards

Results

Total Assets:

Total Liabilities:

Your Net Worth: $0

Your net worth represents the current value of your financial holdings after all debts are settled.

Made with Minform

What is Net Worth and why does it matter?

Net worth is a comprehensive snapshot of your financial health at a specific point in time. It represents the value of everything you own (assets) minus everything you owe (liabilities), serving as a primary metric for wealth building.

The fundamental formula used in this calculator is: Net Worth = Total Assets - Total Liabilities

Example Calculation

Consider an individual who has cash, investments, and a home totaling $500,000 in assets, while carrying a mortgage and other debts totaling $300,000 in liabilities.

Step-by-step process:

Identify Total Assets: $500,000
Identify Total Liabilities: $300,000
Subtract Liabilities from Assets: $500,000 - $300,000
Resulting Net Worth: $200,000

Frequently Asked Questions

How often should I track my net worth?

It is recommended to check your net worth every 6-12 months. This frequency is enough to capture long-term trends without getting distracted by short-term market volatility.

What if my net worth is negative?

A negative net worth is simply a starting point. It serves as a clear indicator to prioritize high-interest debt repayment and begin building an emergency fund to flip the balance.

How do I value my personal property?

When valuing assets like vehicles or household goods, use conservative resale values (e.g., what you could realistically get on a second-hand market) rather than the original purchase price.