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Add your assets and liabilities to calculate your total net worth. See your financial health at a glance.
Your net worth is the single best snapshot of your financial health. It's simple: everything you own minus everything you owe. Tracking it regularly shows whether you're moving in the right direction — even when income or spending fluctuates month to month.
Include everything with monetary value: bank accounts (checking, savings, money market), investment accounts (401k, IRA, brokerage, crypto), real estate (market value of property), vehicles (current resale value, not what you paid), and valuable personal property (jewelry, collectibles, art). Don't include everyday items like furniture or electronics — they depreciate fast and are hard to liquidate.
Include all debts and financial obligations: mortgage balance, car loans, student loans, credit card balances, personal loans, medical debt, and any other money you owe. Use the current balance, not the original loan amount. For revolving debt like credit cards, use your latest statement balance.
Income alone doesn't tell the full picture — someone earning $200K with $150K in debt and no savings is in worse shape than someone earning $80K with $100K invested. Checking your net worth quarterly reveals trends: are your assets growing? Is your debt shrinking? This single number captures the combined effect of all your financial decisions.