How to use our net worth calculator
To use our net worth calculator, you’ll need to enter the following details:
1
Total value of assets
Calculate the value of all the assets you own. This includes any primary savings, your superannuation, the value of your home and any additional savings, such as term deposits.
2
Other assets
This includes investment properties and commercial properties, bonds, shares, managed funds, trusts you may be part of, and vehicles. The more accurate you can value these assets – the more ‘true’ your personal net worth figure will be. Spend some time ensuring you have remembered all of your assets.
3
Total value of liabilities
Calculate the money you owe to others. This includes debts with banks, friends, institutions, and other liabilities such as car loans, personal loans, credit cards, mortgages, and student loans.
Once you have entered all of the details from above, you can click Calculate My Net Worth.
Net worth example calculation
To calculate your net worth, simply subtract the total of your liabilities from the total of your assets. The most crucial step in determining your net worth is to accurately assess the true value of your assets and liabilities.
The simple calculation for net worth is: Total assets — total liabilities.
| Calculation Input | Value |
|---|---|
Primary assets value (i.e. house) | $500,000 |
Other assets value (e.g. cars, shares, etc.) | $50,000 |
Total liabilities value (e.g. loans, bills, etc.) | $185,000 |
Estimated net worth | $365,000 |
Let’s see how this might look in the example below:
Property
$500,000
Vehicles
$30,000
Shares
$20,000
Total assets value
$550,000
Value of your liabilities:
Mortgage
$150,000
Student loan
$25,000
Car loan
$5,000
Money owed to friends
$2,500
Credit card debt
$2,500
Total liabilities value
$185,000
Net worth
$550,000 - $185,000 = $365,000
This is a simple example, and your own assets and liabilities will most likely be far more exhaustive. If you need assistance determining your income, assets, and liabilities, the easiest way to track the total amount is by using our budget spreadsheet.
