Income tells you what you earn. Net worth tells you where you actually stand. It's the single most comprehensive measure of financial health available — and most Americans have never calculated it.
Net worth = Assets - Liabilities
Simple formula, slightly tricky in practice because people either over-count or under-count certain items.
What counts as an asset
- Checking + savings accounts (current balance)
- Investment accounts (current market value — not what you put in)
- 401(k), IRA, and other retirement accounts (current value)
- Home (current market value, not purchase price)
- Vehicles (current value, not purchase price)
- HSA balance
What counts as a liability
- Mortgage remaining balance
- Student loan balance
- Auto loan balance
- Credit card balances
- Personal loans
- Any other outstanding debt
💰 Net Worth Calculator (USD)
Your net worth
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How often to track net worth
Monthly tracking leads to anxiety and reactive decisions. Annual tracking misses important trends. Quarterly is the sweet spot — enough frequency to catch problems, not so frequent that normal market volatility triggers panic.
Track your budget in US dollars
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