Net Worth Calculator
Determine your financial health by calculating net worth - the difference between what you own (assets) and what you owe (liabilities). Enter values in your local currency (consistent units required).
Understanding Net Worth
What is Net Worth?
Net worth = Total Assets - Total Liabilities. It's a snapshot of financial position at a specific time.
Key Components
Assets
- Cash & Savings
- Investments
- Real Estate
- Vehicles
- Valuables
Liabilities
- Mortgages
- Loans
- Credit Card Debt
- Taxes Owed
- Other Debts
Calculation Examples
Positive Net Worth
Assets: $500,000
Liabilities: $300,000
Net Worth: $200,000
Negative Net Worth
Assets: $150,000
Liabilities: $200,000
Net Worth: -$50,000
Debt-Free Scenario
Assets: $1,000,000
Liabilities: $0
Net Worth: $1,000,000
Frequently Asked Questions
1. What currency should I use?
Use your local currency consistently for both assets and liabilities.
2. How often should I calculate net worth?
Recommended quarterly or after major financial changes.
3. Should I include personal property?
Only include items with resale value exceeding $500.
