Net Worth Calculator
Calculate your net worth by entering your assets and liabilities to get a snapshot of your financial health.
Introduction
Welcome to the Net Worth Calculator! This tool helps you assess your financial standing by calculating your net worth, which is the difference between your total assets and total liabilities.
How to Use
- Enter the value of your cash and savings accounts.
- Enter the value of your investments, such as stocks or bonds.
- Enter the value of your property and real estate holdings.
- Enter the value of other assets, like vehicles or personal items.
- Enter the total amount of debt and loans you owe.
- Enter any other liabilities you may have.
- Click "Calculate Net Worth" to see your total assets, total liabilities, and net worth.
- Review the summary and notes in the result section.
- Click "Reset" to clear the form and start over.
- Click "Save Entries" to store your calculations locally.
Understanding Net Worth
Net worth is a measure of your financial health, calculated as:
- Total Assets: The sum of cash, savings, investments, property, and other assets.
- Total Liabilities: The sum of debts, loans, and other liabilities.
- Net Worth: Total Assets minus Total Liabilities.
A positive net worth indicates that your assets exceed your liabilities, while a negative net worth suggests the opposite. This calculation is based on the values you provide and may not account for intangible assets or fluctuating market values.
FAQs
What counts as an asset?
Assets include anything of value you own, such as cash, savings, investments, real estate, vehicles, or personal property that can be sold for value.
What counts as a liability?
Liabilities include any financial obligations you owe, such as mortgages, credit card debt, personal loans, student loans, or unpaid bills.
How often should I calculate my net worth?
It's useful to calculate your net worth periodically (e.g., annually or quarterly) to track your financial progress and make informed decisions.
About This Calculator
Built by xAI, this Net Worth Calculator provides a simple way to estimate your financial standing for educational purposes. For a comprehensive assessment, consult a financial advisor.