AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Annual Asset Growth
The average yearly rate at which your assets are expected to grow or shrink in value.
Annual Liability Growth
The average yearly rate at which your liabilities are expected to increase or decrease in value.
Home
The current market value of your home. If you've owned it for several years, the value could be significantly higher than the original purchase price.
Other Real Estate
The market value of additional real estate you own, such as second homes, undeveloped land, rental properties, or commercial buildings.
Automobiles
The total value of any vehicles you own. Leased vehicles should not be included.
Other Vehicles
The value of any other vehicles you own, including RVs, campers, or collectible cars.
Jewelry
The current market value of any jewelry, gems, or precious metals. Keep in mind that some items may have appreciated over time.
Household Items
The estimated value of household goods, including furniture, electronics, and similar items.
Retirement Accounts
The current total balance of your retirement savings, including IRAs, 401(k) plans, SEP IRAs, and annuities.
Bonds
The value of any Treasury, municipal, or commercial bonds not included in retirement accounts.
Stocks
The value of individual stocks held outside of retirement accounts.
Mutual Funds
The total value of mutual funds held outside of retirement accounts.
Cash Value of Life Insurance
The cash value of whole life or universal life insurance policies. Term life policies do not have a cash value.
Savings Bonds
The total value of any savings bonds owned.
Checking and Savings
The combined balance of your checking and savings accounts.
Cash
The value of any other cash you hold.
Other
The total value of any other assets not listed above.
Home Mortgage Principal
The remaining balance on your home mortgage, representing what is still owed to fully own your home.
Other Mortgage Principal
The remaining balance on mortgages for other real estate, such as rental properties or land.
Auto Loans
The outstanding balance on any auto loans.
Student Loans
The remaining balance of student loans.
Credit Card Debt
The total amount of credit card debt owed.
Other Loans
The total outstanding balance of any other loans.
Annual Asset Growth Rate
This represents the overall yearly growth rate of your assets. Each type of asset—real estate, personal property, investments, and cash—can grow at different rates. A 7% growth rate is often used for stock-heavy investments and real estate, but you may want to adjust this based on your personal situation.
Annual Liability Growth Rate
Liabilities can grow at different rates depending on the type of debt. Mortgages and auto loans typically have fixed rates, while student loans and credit card debt may fluctuate. Regular payments can lead to a zero growth rate, while unpaid balances may cause liabilities to increase.
What Is Net Worth?
Net worth is the difference between the total value of your assets and the total of your liabilities. A positive net worth means assets exceed liabilities, while a negative net worth indicates the opposite.
How To Calculate Net Worth
To calculate your net worth, list everything you own (stocks, bonds, real estate, savings, etc.) and everything you owe (mortgage, car loans, credit card debt, student loans). Subtract the total liabilities from the total assets to get your net worth.
How To Increase Net Worth
Increasing net worth involves either growing assets or reducing liabilities. This can be achieved by purchasing assets that may appreciate, paying off debt, saving more, reducing spending, or increasing income sources.
