Net worth is the difference between all your assets (what you own) and all your liabilities (what you owe). It's a financial snapshot that gives you a clear picture of your overall financial health at a specific point in time.

Formula: Net Worth = Total Assets - Total Liabilities

Calculating your net worth provides several benefits:

• Gives you a clear picture of your overall financial health
• Helps you track your financial progress over time
• Identifies areas where you can improve your finances
• Assists in setting realistic financial goals
• Provides motivation as you see your net worth grow
• Helps with retirement planning and other long-term financial decisions

For most people, calculating net worth quarterly (every 3 months) provides a good balance. This gives you enough data points to track trends without becoming too time-consuming.

However, if you're actively working to increase your net worth or going through major financial changes (like buying a house, starting a business, or paying off significant debt), monthly calculations can be beneficial to track your progress more closely.

No, you can use the calculator without creating an account. However, creating a free account allows you to:

• Save your calculations for future reference
• Track changes in your net worth over time
• View visual charts and graphs of your financial progress
• Access your data from any device

You should include all significant assets that have monetary value:

• Cash & Accounts: Checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), cash on hand
• Investments: Stocks, bonds, mutual funds, ETFs, retirement accounts (401(k), IRA), cryptocurrency
• Real Estate: Primary residence, vacation homes, rental properties, land
• Vehicles: Cars, boats, motorcycles, RVs
• Valuable Personal Property: Jewelry, art, collectibles, antiques (only if significant value)
• Business Interests: Value of businesses you own or have shares in

For everyday items like furniture, electronics, and clothing, it's generally best to exclude them unless they're valuable collectibles or antiques.

Include all debts and financial obligations:

• Mortgage: Remaining balance on home loans
• Auto Loans: Remaining balance on vehicle loans
• Student Loans: All education-related debt
• Credit Card Debt: Total balances on all credit cards
• Personal Loans: Bank loans, family loans, etc.
• Medical Debt: Outstanding medical bills
• Tax Debt: Unpaid taxes
• Other Obligations: Any other money you owe

Remember to include the entire remaining balance of each debt, not just your monthly payments.

Yes, we take security seriously. Your financial data is encrypted and stored securely. We implement industry-standard security measures to protect your information:

• Secure data encryption for all stored information
• Secure HTTPS connections for all data transfers
• Regular security audits and updates
• Strict access controls to user data

We never share your personal financial information with third parties without your explicit consent.

Yes, you can delete your account and all associated data at any time. We respect your right to privacy and data control.

To delete your account, go to your account settings and select the "Delete Account" option. This will permanently remove all your personal information and financial data from our systems.

When you use the "Share Results" feature, we create a special link that shows only your final net worth calculation—not the detailed breakdown of your assets and liabilities.

The shared link contains no personally identifiable information and doesn't require the recipient to create an account to view it. You can share this link with financial advisors, family members, or anyone else you choose.

You can revoke access to shared links at any time from your account settings.

There are two main strategies to increase your net worth:

1. Increase your assets:
   • Save more money consistently
   • Invest in assets that appreciate over time (stocks, real estate, etc.)
   • Maximize retirement contributions
   • Increase your income through career advancement, side hustles, or passive income streams
2. Decrease your liabilities:
   • Pay down high-interest debt first (credit cards, personal loans)
   • Avoid taking on new debt unnecessarily
   • Refinance existing debt to lower interest rates when possible
   • Create and stick to a budget to prevent overspending

The most effective approach combines both strategies—increasing assets while simultaneously reducing liabilities.

Net worth varies widely based on individual circumstances, income, location, and life choices. However, some financial experts suggest these general benchmarks:

• By age 30: Half your annual salary saved
• By age 40: Twice your annual salary saved
• By age 50: Four times your annual salary saved
• By age 60: Six times your annual salary saved
• By retirement: Eight to ten times your annual salary saved

Remember, these are just guidelines. Your personal financial journey is unique, and comparing yourself to others can be counterproductive. Focus on improving your own financial situation over time rather than meeting arbitrary benchmarks.

Yes, you should include your primary residence in your net worth calculation, but be sure to:

• Use the current market value of your home as an asset
• Include your remaining mortgage balance as a liability

Some financial advisors distinguish between your "total net worth" (including your home) and your "liquid net worth" (excluding your home) since your primary residence isn't easily converted to cash. Both metrics can be useful for different financial planning purposes.