Save your inputs for later recall. (Easily track changes to your net worth.)
Net worth is the amount left if you were to sell all your assets and pay off all your debts.
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Your "net worth" is the amount of cash you would have left if you sold all your assets (car, house, furniture etc.) and paid off all your debts. In other words, net worth = assets - liabilities.
Enter the value of your assets and liabilities. If not sure, estimate the amount rather than leave 0. You can use the [Tab] key to move from input to input. You may click "Calc" as frequently as you like.
The percentage shown in each header is the percent of the total liabilities or total assets as appropriate. If "retirement assets" shows 15.7%, then "retirement assets" make up 15.7% of your total assets.
The "Personal Net Worth Summary" section is where you'll find your net worth. The liability percentage is the percentage of your liabilities to your assets. A result of say 75% simply means that your liabilities are 75% of your assets. The net worth percentage is the percentage of assets remaining after the liabilities are paid.
Hopefully the net worth is not negative. That of course would mean that you owe more than the total value of your assets.
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Related: The Net Worth Calculator included in SolveIT! for Windows will let you save your work. This makes it easier to track your progress as you'll most likely only need to change a few numbers when you update the calculation. Additionally, you can change the labels for the inputs to customize the calculation to meet your needs.
And unlike other online payoff calculators, this calculator will track payments made on any date, and calculate an exact balance. Need to know the payoff amount for a loan as the twentieth of the month? This calculator will handle the task easily.
David Smith says:
Will you make a wordpress version of this plugin?
Karl says:
I have no such plans at this time.