Calculate your total net worth by adding up your assets and subtracting your liabilities.
This tool calculates your total net worth by subtracting your total liabilities (debts) from your total assets (what you own). It's a fundamental measure used to track overall financial health and progress toward financial goals over time.
Net Worth = Total Assets − Total Liabilities. Assets typically include cash, investments, retirement accounts, real estate, and vehicles. Liabilities include mortgages, loans, credit card balances, and other outstanding debts.
Enter all your assets and all your liabilities, and the calculator returns your total net worth.
Example: With total assets of $250,000 (home equity, savings, investments) and total liabilities of $150,000 (mortgage, car loan, credit cards), net worth is $250,000 − $150,000 = $100,000.
Why is net worth a useful financial metric? Unlike income alone, net worth captures your complete financial position — including accumulated savings, investments, and debts — providing a more comprehensive picture of financial health and progress over time than income by itself.
Can net worth be negative? Yes, if total liabilities exceed total assets (common for young adults with student loans and limited savings, for example), net worth is negative — this isn't necessarily alarming for someone early in their financial journey, especially if income and asset-building potential are strong.
Should I include my home's full value as an asset? Yes, typically the home's current market value is included as an asset, while the remaining mortgage balance is included as a liability — the difference represents your actual home equity, which is your true asset value at that point.
How often should I calculate my net worth? Many people find tracking net worth quarterly or annually useful for monitoring long-term financial progress, since short-term fluctuations (especially from investment value changes) are less meaningful than the overall trend over time.
Does net worth account for future income potential? No, net worth is a snapshot of current assets and liabilities only — it doesn't factor in future earning potential, which is a separate consideration when evaluating overall long-term financial prospects.