Net Worth Calculator
Net worth is the single number that captures your whole financial position. Income tells you about flow; net worth tells you about position. Filling this in once a year takes ten minutes and shows progress that a monthly budget cannot.
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How to value each line honestly
Use what you could actually sell it for, not what you paid or what you feel it is worth. Property should reflect recent comparable sales rather than an optimistic listing price. Vehicles depreciate faster than most people mentally account for. Anything hard to sell — furniture, collections, a business without a buyer — is usually best left out entirely rather than guessed at.
Liquid net worth is the more useful number
Total net worth can be dominated by a house you live in and cannot spend. Cash and investments are what you could actually reach in a crisis or deploy into an opportunity, which is why that figure is shown separately.
A negative number is normal at some stages
Student debt and a fresh mortgage routinely produce a negative net worth in the years after graduation or a first purchase. What matters is the direction over time, not the sign at any single moment.
Measure it on a schedule
Once or twice a year is enough. Measuring more often introduces noise from market movements without adding information, and the point of the exercise is the trend line.
Frequently asked questions
Should I include my home in net worth?
Yes, at a realistic market value, with the outstanding mortgage on the other side. Just remember that equity in a home you live in is not spendable without moving or borrowing against it.
Do retirement accounts count?
Yes. They are yours, even if reaching them early carries a penalty. If you want a conservative view, note that pre-tax accounts will be taxed on withdrawal.
What is a good net worth for my age?
Comparisons are less useful than direction. A frequently cited rough benchmark is net worth roughly equal to annual income by the early thirties and several times income by the fifties, but circumstances vary far too much for that to be a target.