What to include
Assets may include cash, investments, retirement accounts, home equity, vehicles and business interests. Liabilities may include mortgages, loans, credit cards and other debts. Use realistic current values for planning.
Example
If total assets are 350,000 and total liabilities are 120,000, net worth is 230,000. If liabilities rise faster than assets, net worth falls even when income stays the same.
Common mistakes
Do not count the same asset twice. For example, if home value is included as an asset, the mortgage should be included as a liability. Use current market values where practical, not original purchase prices.
Limitations
This calculator does not value private businesses, pensions, taxes due on asset sales or hard-to-sell assets. Treat the result as a personal balance-sheet snapshot, not a full financial plan.
Last reviewed: 2026-05-17