Finance
Net Worth Calculator
Calculate your personal net worth by subtracting total liabilities from total assets.
Net Worth
β
How It Works
Net Worth = Total Assets β Total Liabilities. Assets include cash, investments, real estate, vehicles, and valuables. Liabilities include mortgages, car loans, student debt, and credit card balances.
Example
Assets: $350,000 (home $280k + car $20k + savings $50k). Liabilities: $180,000 (mortgage $165k + car loan $15k). Net Worth = $170,000.
Frequently Asked Questions
What is a good net worth at 30?
A common benchmark is 1Γ your annual salary. At 40: 3Γ, at 50: 6Γ, at 60: 8Γ. These are guidelines β focus on your personal progress.
Should I include home equity in net worth?
Yes. Home equity (market value minus mortgage balance) is a legitimate asset. Just remember it is illiquid unless you sell or borrow against it.
How do I increase my net worth?
Increase assets (save and invest more), decrease liabilities (pay down debt), and reduce lifestyle inflation as income grows.