Net Worth Calculator

Net Worth Introduction

Net worth calculator gives you insight into your financial health. Required for some loan applications and frequently used by lawyers practicing family law.

• Calculate ratios.
• Track value of 32 assets in 4 groups.
• Print net worth statements
• Save your inputs for later recall.
        (Easily track changes to your net worth.)

Net worth is the amount remaining 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 that remains if you sell all your assets (car, house, furniture, etc.) and pay all your debts. Net worth equals assets minus liabilities.

Enter the value of your assets and liabilities. If you are not sure, estimate the amount instead of leaving 0. You can use the [Tab] key to move from one input to the next. You may click “Calc” as often as needed.

The percentage shown in each header is the percentage of the total liabilities or total assets, as appropriate. For example, 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 will see your net worth. The liability percentage is the percentage of your liabilities compared to your assets. A result of 75% means that your liabilities are 75% of your assets. The net worth percentage is the percentage of assets that remain after the liabilities are paid.

Net worth can be negative. A negative result means you owe more than the total value of your assets.

Creating a net worth statement can be useful for several reasons. It provides a clear picture of an individual’s financial situation. It helps the individual understand their current position and plan for the future. By reviewing assets and liabilities, individuals can identify areas to reduce expenses or increase income in order to improve net worth. A net worth statement is also helpful when applying for loans or other financing, because it shows financial stability and the ability to repay debts.

Liabilities are debts or financial obligations that an individual owes to another party, such as a mortgage, car loan, or credit card balance. Assets are items that have monetary value and can be converted to cash, such as a savings account, investment portfolio, or real estate.

When an individual has a positive net worth, assets are greater than liabilities. This indicates accumulated wealth and a stronger financial position. When an individual has a negative net worth, liabilities are greater than assets. This means the person owes more than they own and may need to take corrective financial action.

Calculating your net worth can provide clear insight into your overall financial health and support better financial decisions. By understanding the difference between liabilities and assets, and what a positive or negative net worth means, you can take steps to improve your finances and work toward long-term goals.

Consider saving your inputs so that you can return to this calculator from time to time and update them. This allows you to track your financial progress.