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Net Worth Calculator

How to calculate your net worth? It’s easy with our net worth calculator. Just enter your assets and liabilities and get your net worth instantly. Compare your net worth with others and get tips on how to grow your wealth.

What You Own - Assets


What You Owe - Liabilities


Net worth:

Net worth is like a big financial report card that shows how much money someone or something is worth. It's like adding up all the things you own (like your house, car, and savings) and subtracting what you owe (like loans or debts). So, if you have a lot of valuable stuff and not many debts, your net worth is high, which is good.

Imagine you have a house worth $200,000, a car worth $20,000, and $10,000 in savings. That's $230,000 in total assets. Now, if you have a student loan of $5,000 and a credit card debt of $2,000, that's $7,000 in total debt. Subtract your debts from your assets, and you get a net worth of $223,000.

Companies and famous people also have a net worth. For example, if a company owns buildings, has a lot of money in the bank, and has paid off its debts, it has a high net worth. Knowing someone's or something's net worth gives you an idea of their financial health and how well they're doing in terms of money. It's like a snapshot of their financial situation.

Why is it important to calculate net worth?

  • Understanding Financial Health: Calculating net worth helps you see the big picture of your financial situation. It's like taking a financial health check-up to know how well you're doing.
  • Setting Goals: Knowing your net worth helps you set realistic financial goals. Whether it's saving for a house, starting a business, or planning for retirement, understanding your net worth guides your financial plans.
  • Tracking Progress: As you work towards your goals, regularly calculating net worth allows you to track your progress. It's like keeping score in a game, helping you see how far you've come and what adjustments you might need to make.
  • Budgeting Better: Net worth includes your assets and debts. By understanding these components, you can make better budgeting decisions. It's like having a map that shows you where your money is going and how to manage it wisely.
  • Emergency Preparedness: Knowing your net worth is crucial in emergencies. It helps you assess your financial capacity to handle unexpected events, like medical emergencies or sudden job loss.
  • Building Wealth: Over time, your net worth should increase. Regularly calculating it ensures you're on the right track to building wealth and securing your financial future. It's like a roadmap to financial success.


Own assets refer to the things you own that have value, like money, property, or possessions. It's like adding up all the valuable stuff you have. For example, if you own a car, have money in the bank, or own a house, those are your assets. They're like your personal treasures that can be turned into cash or used to cover expenses. So, when people talk about their assets, they're basically talking about the valuable things they possess, which can be helpful for financial stability or achieving future goals. It's like taking stock of all the valuable stuff you have in your possession.


Liabilities are like the responsibilities or debts that a person, company, or organization owes to others. Imagine you borrowed money from a friend; that's a liability because you need to give it back. For businesses, liabilities include things like loans, unpaid bills, or wages owed to employees. It's like the financial obligations they have to meet. Liabilities are split into two types: short-term (due within a year, like monthly bills) and long-term (due over a more extended period, like a mortgage). In simple terms, liabilities are the promises or commitments that need to be fulfilled, involving the repayment of money or services.

How to calculate net worth?

List Your Assets:

  • Enter the value of your primary residence (the house you live in).
  • Add the value of any vacation property you own.
  • Include the total amount in your savings accounts.
  • Enter the balance in your checking accounts.
  • Include the value of your retirement accounts (like 401(k) or IRA).
  • Add the value of any shares or stocks you own.
  • Include the value of your vehicles.
  • Enter the value of other investments you may have.

List Your Liabilities (What You Owe):

  • Enter the remaining balance on your mortgage.
  • Include the balance on any home equity loans.
  • Enter the total outstanding balance on your credit cards.
  • Include the remaining balance on any car loans.
  • Enter the outstanding balance on student loans.
  • Include the balance on any personal loans.
  • Enter the remaining balance on leases or hire purchases.
  • Include any other debts you may have.
  • Calculate Your Net Worth
  • Periodically update the values as they change.
  • Please keep track of your net worth over time to see how it evolves.

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