How to Use Our Net Worth Calculator
3 min read
How to Use Our Net Worth Calculator
Your net worth is the single best number for measuring your overall financial health. Our Net Worth Calculator makes it easy to calculate: total assets minus total liabilities.
Net Worth Calculator
Net Worth
$112,000
Listing Your Assets
Enter the current value of everything you own:
- Cash and Savings -- Checking accounts, savings accounts, money market accounts, and cash on hand.
- Investments -- 401(k), IRA, brokerage accounts, stocks, bonds, mutual funds, and cryptocurrency.
- Property -- Current market value of your home, rental properties, or land. Use recent comparable sales or an online estimator for a reasonable figure.
- Vehicles -- Current resale value of your cars, not what you paid for them. Check Kelley Blue Book for estimates.
- Other Assets -- Valuable personal property, business equity, money owed to you, or other significant assets.
Listing Your Liabilities
Enter everything you owe:
- Mortgage Balance -- Remaining balance on your home loan, not the original amount.
- Student Loans -- Total outstanding student loan balance.
- Auto Loans -- Remaining balance on car loans.
- Credit Card Debt -- Total balances across all credit cards.
- Other Debt -- Personal loans, medical debt, or any other obligations.
What Your Net Worth Means
A positive net worth means you own more than you owe. A negative net worth is common for young adults with student loans or recent homebuyers -- the key is whether the trend is moving in the right direction.
Track your net worth quarterly or annually. Watching this number grow over time is one of the most motivating financial exercises you can do.
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