Free Net Worth Calculator

Calculate your personal net worth by adding up everything you own and subtracting everything you owe.

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Assets (What You Own)

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Liabilities (What You Owe)

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What Is Net Worth and Why Does It Matter?

Your net worth is the single most important number in personal finance. It represents the difference between everything you own (assets) and everything you owe (liabilities). Unlike income, net worth gives you a complete snapshot of your financial health.

Assets: What You Own

Assets include everything of monetary value:

  • • Bank accounts (checking, savings, CDs)
  • • Investment accounts (brokerage, mutual funds, stocks)
  • • Retirement accounts (401k, IRA, Roth IRA, pension)
  • • Real estate (home, rental properties)
  • • Vehicles and personal property
  • • Business ownership interests

Liabilities: What You Owe

Liabilities include all outstanding debts:

  • • Mortgage balance
  • • Auto loans
  • • Student loans
  • • Credit card balances
  • • Personal loans and medical debt

Pro Tip: Track your net worth monthly. Watching it grow over time is one of the most motivating things you can do for your financial health. Even small increases add up!

How to Increase Your Net Worth

  1. 1
    Pay Down High-Interest Debt: Credit card debt and personal loans eat into your net worth. Focus on eliminating these first using the debt avalanche or snowball method.
  2. 2
    Increase Savings Rate: Even saving an extra $100/month adds $1,200/year to your net worth — before investment growth.
  3. 3
    Invest Consistently: Take advantage of compound interest by investing regularly in diversified index funds or retirement accounts.
  4. 4
    Avoid Lifestyle Inflation: As your income grows, resist the urge to spend more. Channel raises and bonuses into savings and investments.

Frequently Asked Questions About Net Worth

What is a good net worth by age?

A common benchmark is to have 1x your annual salary saved by age 30, 3x by 40, 6x by 50, and 8x by 60. However, these are just guidelines — any positive and growing net worth means you're headed in the right direction.

Is negative net worth bad?

Negative net worth is common, especially for young adults with student loans or new homeowners. It's not inherently bad — what matters is the trend. If your net worth is increasing over time, you're on the right track.

Should I include my home in net worth?

Yes, your home is an asset. Include its current market value as an asset and your remaining mortgage as a liability. Some people also track "liquid net worth" which excludes home equity since it's not easily accessible.

How often should I calculate my net worth?

Monthly is ideal for tracking progress. At minimum, calculate it quarterly. Regular tracking helps you spot trends, celebrate progress, and catch problems early.

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Track Your Net Worth Over Time

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