Track your total assets minus liabilities to understand your true financial position
Breakdown of your assets by category
Net worth is the single number that summarizes your financial position: everything you own minus everything you owe. This calculator organizes your assets (cash, investments, retirement accounts, property, vehicles) and liabilities (mortgage, loans, credit cards) and computes the difference.
The level matters less than the trend. Tracked quarterly or annually, net worth shows whether your financial life is compounding in the right direction — and it's the cleanest scoreboard for debt payoff and savings efforts combined.
Net worth = Total assets − Total liabilitiesYes — include its market value as an asset and the mortgage as a liability; the difference is your home equity. Some people also track a separate "liquid net worth" excluding home equity, since you can't easily spend the house.
Include it (at current market value, which depreciates) along with any loan against it. Cars are usually a small and shrinking slice of net worth — the main reason to include them is so the auto loan doesn't distort the picture.
It's common early on — student loans and a new mortgage can outweigh young assets. Negative net worth with a plan and a rising trend is a normal starting point. The signal to act on is a flat or falling trend despite steady income.
Medians are more informative than averages (which are skewed by the wealthy). But the comparison that actually matters is you versus you last year — net worth is a personal trajectory metric, not a competition.
One number tells you whether your finances are actually improving. What counts, what doesn't, and how to read the trend without fooling yourself.