Your net worth is simply everything you own minus everything you owe. It's one of the clearest single numbers for tracking your overall financial position over time. Fill in what applies to you — leave anything at zero if it doesn't apply.
Net Worth Calculator
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Liabilities
The net worth formula
Assets of $398,000 (cash, investments, home, vehicles) minus liabilities of $265,000 (mortgage, auto loan, credit card, student loans) = $133,000 net worth.
Step-by-step guide
- List your assets at their current value — what you'd realistically get if you sold them today, not what you originally paid.
- List your liabilities — the amount you'd need to pay off each debt in full today.
- Read your net worth. A positive number means you own more than you owe; a negative number means the opposite.
- Recalculate periodically — tracking net worth every few months shows your financial trend over time better than any single snapshot.
Common mistakes
Frequently asked questions
Is a negative net worth bad?
It's common, especially early in life — student loans and a new mortgage often outweigh assets at first. What matters more is the trend over time: is your net worth improving?
Should I include my car as an asset?
Yes, at its current resale value — but remember cars typically lose value over time, so update this figure periodically rather than using the purchase price indefinitely.
How often should I recalculate my net worth?
Quarterly or twice a year is common for most people — frequent enough to see a real trend, without overreacting to short-term market swings in investment or home values.
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