Your Assets
Your Liabilities
Your Financial Summary
Net Worth Calculator: Track Your Financial Health
Use our comprehensive Net Worth Calculator to assess your current financial standing. This powerful tool helps you understand your complete financial picture by calculating the difference between your assets and liabilities.
Understanding Your Net Worth Results
Your net worth represents your financial health at a specific point in time. It's calculated by subtracting your total liabilities from your total assets.
What Your Results Mean:
- Positive Net Worth: Your assets exceed your liabilities - great job!
- Negative Net Worth: Your liabilities exceed your assets - focus on debt reduction.
- Neutral Net Worth: Your assets and liabilities are equal - time to build more assets.
Regularly tracking your net worth helps you measure financial progress and make informed decisions about saving, investing, and debt management.
Tips to Improve Your Net Worth
Increase Your Assets
Boost savings, invest wisely, and consider appreciating assets like real estate or index funds.
Reduce Liabilities
Focus on paying down high-interest debt first and avoid taking on new unnecessary debt.
Track Regularly
Calculate your net worth quarterly to monitor progress toward your financial goals.
Frequently Asked Questions
How often should I calculate my net worth?
We recommend calculating your net worth quarterly to track your financial progress without becoming obsessive about daily fluctuations.
Should I include my home in net worth calculations?
Yes, your home is a significant asset. Use its current market value minus any outstanding mortgage balance.
What if I have a negative net worth?
A negative net worth is common early in adulthood or after major financial setbacks. Focus on debt reduction and building assets gradually.
Do retirement accounts count toward net worth?
Yes, retirement accounts like 401(k)s and IRAs are important assets and should be included in your calculation.
