Calculate your personal net worth by totaling your assets and subtracting your liabilities.
Assets (What You Own)
Liabilities (What You Owe)
Financial Position
Total Net Worth$220,000Assets minus Liabilities
Total Assets$575,000
Total Liabilities$355,000
Financial Balance
About this calculator
Overview
Net worth is arguably the most important metric for tracking your long-term financial health. It measures the total value of everything you own (assets) minus everything you owe (liabilities).
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Pro Tips
Liquid net worth is also important; it represents assets you can quickly convert to cash (excluding real estate/retirement).
Checking your net worth quarterly or annually helps you track your progress toward retirement and financial independence.
Don't worry about short-term market fluctuations affecting your investment values; focus on the long-term trend.
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Fun Facts
Formula: Net Worth = Total Assets - Total Liabilities
