Get a clear picture of your financial health. Add your assets and liabilities to calculate your net worth and see a visual breakdown of where you stand.
In-Depth Guide
Understand what net worth really means, how to calculate it accurately, and actionable strategies to grow it at every age and income level.
Read Full GuideYour net worth is the most comprehensive snapshot of your financial health. Unlike income alone, which only shows how much money flows in, net worth reveals how much wealth you have actually accumulated. It accounts for both your assets (what you own) and your liabilities (what you owe), giving you the complete picture.
Tracking your net worth over time is one of the most powerful financial habits you can develop. It helps you measure progress toward financial goals, identify areas for improvement, stay motivated during your wealth-building journey, and make informed decisions about saving, investing, and debt management.
Median: $39,000 | Average: $183,000
Median: $135,000 | Average: $549,000
Median: $247,000 | Average: $975,000
Median: $364,000 | Average: $1,566,000
Source: Federal Reserve Survey of Consumer Finances. Figures are approximate.
Net worth is the difference between what you own (assets) and what you owe (liabilities). It is the single best measure of your overall financial health. A positive net worth means your assets exceed your debts, while a negative net worth means you owe more than you own.
Assets include anything of value that you own: cash in bank accounts, investment accounts (stocks, bonds, mutual funds), retirement accounts (401k, IRA), real estate (home equity), vehicles, valuable personal property, and any other items of significant value.
Liabilities include all debts you owe: mortgages, student loans, auto loans, credit card balances, personal loans, medical debt, and any other outstanding financial obligations.
A common benchmark is that your net worth should be roughly equal to your annual salary by age 30, and increase by one times your salary every 5 years after that. However, net worth varies widely based on income, cost of living, and financial decisions. The most important thing is that your net worth is trending upward over time.
Financial experts recommend calculating your net worth at least once every quarter (every 3 months). This frequency is often enough to track meaningful progress without obsessing over short-term fluctuations in investment values or property estimates.
There are two main strategies: increase your assets (save more, invest consistently, grow your income) and decrease your liabilities (pay down debt, avoid new debt, refinance at lower rates). The most effective approach combines both strategies simultaneously.
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