Net Worth Calculator
Calculate your total financial worth
Last updated: January 2025
About This Tool
Net worth is the single most important number in personal finance. This calculator helps you measure your true financial health by calculating the difference between what you own (assets) and what you owe (liabilities).
What is Net Worth Calculator?
Net worth is your financial scorecard - the total value of everything you own minus everything you owe. Assets include cash, investments, real estate, and valuables. Liabilities include mortgages, loans, credit card debt, and other obligations. A positive net worth means you own more than you owe.
How It Works
List all your assets and their current values, then list all your liabilities. The calculator subtracts total liabilities from total assets to determine your net worth. Tracking this number over time shows whether you are building wealth or accumulating debt.
Formula
Net Worth = Total Assets - Total Liabilities
Your Net Worth
$177,000
Assets
$390,000Liabilities
$213,000Related Tools
When to Use This Calculator
- 1Getting a clear picture of your overall financial health
- 2Tracking wealth-building progress over months and years
- 3Making major financial decisions like buying a home
- 4Planning for retirement and financial independence
- 5Identifying areas to improve (reduce debt, increase assets)
Pro Tips
- •Calculate your net worth monthly or quarterly to track progress
- •Be honest about asset values - use current market prices, not purchase prices
- •Include all liabilities, even those you prefer to forget about
- •Focus on increasing assets AND decreasing liabilities simultaneously
- •Set net worth milestones as financial goals
Common Mistakes to Avoid
- •Overvaluing assets (cars, furniture) that depreciate quickly
- •Forgetting to include all debts (store cards, personal loans)
- •Not updating values regularly as markets change
- •Comparing your net worth to others without considering age and income differences
- •Getting discouraged by negative net worth instead of focusing on improvement