Net Worth Calculator

Calculate your net worth by listing your assets and liabilities. Track your financial progress over time.

Assets

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Liabilities

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Your Net Worth

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Healthy

Great job! Your debt is low relative to your assets.

Total Assets

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Total Liabilities

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Debt-to-Asset Ratio

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Assets - Liabilities

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Understanding Net Worth

Net worth is a snapshot of your financial health. It's calculated by subtracting your total liabilities (what you owe) from your total assets (what you own).

Types of Assets

  • Liquid Assets: Cash, checking, savings - easily accessible
  • Investment Assets: Stocks, bonds, retirement accounts - grow over time
  • Fixed Assets: Real estate, vehicles - tangible property

Types of Liabilities

  • Consumer Debt: Credit cards, personal loans - typically high interest
  • Secured Debt: Mortgage, auto loans - backed by collateral
  • Student Debt: Education loans - often lower interest rates

Tips for Growing Net Worth

  • Pay off high-interest debt first
  • Build an emergency fund (3-6 months expenses)
  • Maximize retirement contributions
  • Invest consistently over time
  • Track your net worth monthly or quarterly

Track Your Net Worth Over Time

Create a Tormel account to save your net worth and track how it grows month after month.