Net Worth Calculator
Calculate your total net worth by subtracting liabilities from assets. Track your financial health with a clear breakdown of savings, investments, property, and debts.
Assets
$
$
$
$
Liabilities
$
$
$
$
Net Worth
$70,000
Total Assets
$240,000
Total Liabilities
$170,000
How is Net Worth Calculated?
Net worth is calculated by subtracting your total liabilities (debts) from your total assets (what you own). It gives you a snapshot of your financial health at a single point in time.
Example
If you have $240,000 in assets (savings, investments, property) and $170,000 in liabilities (mortgage, loans, credit cards), your net worth is $70,000.
Common Use Cases
- Tracking your overall financial health over time.
- Planning for retirement or major life milestones.
- Evaluating whether you can afford a large purchase or investment.
FAQs
What counts as an asset?
Assets include cash, savings accounts, investments, real estate equity, vehicles, and any other items of monetary value you own.
Can net worth be negative?
Yes. If your debts exceed your assets, your net worth is negative. This is common early in life (e.g., student loans) and can improve over time.
How often should I calculate my net worth?
Most financial advisors recommend calculating it monthly or quarterly to track your progress toward financial goals.