The Net Worth Calculator computes the approximate net worth of an individual by summing up the typical personal assets and liabilities.

What are assets and liabilities?
If you’re not sure what assets and liabilities are, here are some guidelines:

Assets: Assets include cash — such as in your checking, savings, and retirement accounts — and items such as cars, property, and investments that you could sell for cash. These are often referred to as liquid assets.

Some fixed assets can also count toward your net worth calculation, provided you can or would sell them if needed. For example, your home would count toward your net worth if you’re willing to use it for a home equity line of credit or sell it should the need arise.

Liabilities: Any money you owe to another person or entity falls under this category. That includes revolving consumer debts — such as credit card balances — as well as personal, auto, payday, and title loan balances. If you’re using your home as an asset, its mortgage counts as a liability as well.

Instructions

Enter your Assets:

1. Cash - This is the cash you have on hand, in the bank, and even on your car ashtray and the cracks of your couch.
2. Auto - This is the reasonable resale value of any cars or trucks.
3. Equities - This is the current market value of any stock, bonds, or other equities.  Note this includes retirement savings.  However, not the include tax penalties for early withdraws in your liabilities.
4. Real estate - This is the current market value of any real estate you own.
5. Jewelry - This is the current market resale value of any jewelry or precious metals in fine silverware or old coins (See Precious Metals Calc here).
6. Other - This is the total resale value of other assets like a boat, furniture, and collections.  That set of baseball cards or vintage Barbie Doll may have real value. 

Enter your Liabilities:

1. Credit Card -  This is the total you owe on all of your credit cards and store credit accounts.
2. Student Loans - This is the total you owe on all student loans.
3. Personal Loans - This is the total you owe on personal loans.
4. Mortgage -  This is the total loan balance on all real-estate mortgages including home equity loans.
5. Taxes - These are any outstanding taxes that you will be required to pay.
6. Other Liabilities - All other cash you will be required to pay includes alimony, child support, and any wage garnishments.  This also includes the strike price that you may have to pay on any stock options.

The calculator will sum up these two categories and provide your Total Net Worth.

Net Worth

[Personal Finance| Accounting| Income Statement| Balance Sheet]

Net Worth is a way to measure progress and to help you foresee trouble before you get buried too deep. Net worth is a concept applicable to individuals and businesses to measure how much an entity is worth. A consistent increase in net worth indicates good financial health; conversely, net worth may be depleted by annual operating losses or a substantial decrease in asset values relative to liabilities.

Notes

What is included in Net Worth?

Assets include:

• Value of real estate owned (this may be more than your equity or the amount you have paid on your property so far)
• Value of personal property worth $500 or more (such as jewelry or a car)
• Bank Accounts
• Savings Bonds
• Investment/Retirement Account

Liabilities include:

• A Mortgage
• Auto Loan Balances
• Student Loan Balances
• Credit Card Debt
• Any Other Money Owed