Calculate your net worth by entering your total assets and total liabilities.
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Net worth is calculated as: Net Worth = Total Assets − Total Liabilities. Assets include things like cash, savings, investments, retirement accounts, and property value. Liabilities include debts like mortgages, loans, and credit card balances.
Unlike income or a single account balance, net worth gives a complete picture of financial position by combining everything you own and everything you owe. Tracking it over time, rather than as a single snapshot, is generally more useful for understanding financial progress.
For example, someone with 150,000 in total assets, savings, investments, home equity, and 50,000 in total liabilities, mortgage balance, car loan, credit card debt, has a net worth of 100,000. That single number can be tracked quarter over quarter to see whether it's genuinely growing, not just whether income looks healthy.
Valuing assets like a home or car at their original purchase price instead of current market value, which can make net worth look higher or lower than reality.
Leaving out less obvious liabilities, unpaid taxes, personal loans from family, buy-now-pay-later balances, which understates how much is actually owed.
Calculating net worth once and never again, a single snapshot says little; the trend across several months or years is what actually shows financial progress.
Common assets include cash, bank account balances, investments, retirement accounts, real estate value, and vehicle value.
Common liabilities include mortgage balances, car loans, student loans, credit card debt, and any other money owed.
It's common, particularly earlier in life or after taking on debt like a mortgage or student loans. Net worth typically shifts over time as assets grow and debts are paid down.
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