Add up everything you own and everything you owe to get your net worth, home equity and debt ratio.
How this calculator arrives at its answer
Net worth is the single clearest measure of financial position: total assets minus total liabilities. Income tells you what flows through; net worth tells you what has stuck.
The liquid net worth line is often more useful day to day, since home equity and retirement accounts cannot easily be spent. Tracking the figure quarterly shows progress far better than watching any single account.
Worked example
On the values this calculator opens with, the net worth is $244,000. Underneath, Total assets comes out at $508,000 and Total liabilities at $264,000. Change any field and every figure updates as you type.
Getting your answer
- Enter each category of asset you hold.
- Enter each debt you owe.
- Read your net worth and the supporting ratios.
The maths behind it
net worth = total assets − total liabilities
home equity = property value − mortgage balance
FAQ
What counts as an asset?
Anything with resale value: cash, investments, retirement accounts, property, vehicles. Value them at what you could realistically sell for.
Should I include my car?
Yes, at its current market value rather than what you paid. Vehicles depreciate quickly, so update the figure regularly.
What is a good net worth?
It depends entirely on age, income and cost of living. A more useful test is whether the number is rising year over year.