By James Moore

November 15, 2023

Having a well-defined personal budget is a spectacular first step toward building wealth, but even the best budget isn’t designed to display your overall financial standing over time. Most people base this on the concept of net worth, which comes down to your overall assets (think your laptop, house, and top-notch art collection) minus your liabilities (things that cost you money, like your mortgage or an auto loan).

This calculation can get pretty complicated, and that’s where our Net Worth Calculator comes in. Just fill out the information below to the best of your ability, and we’ll help you determine your net worth in minutes.

Calculator Sections

Tangible assets

Tangible assets are anything you own free and clear. It all counts, whether it’s your nice furniture, a car that’s been paid off, your house (as long as you own it outright), or an extensive collection of vintage action figures.

Equity assets

These are assets that you can’t physically touch. Stocks are the most common equity asset, but this can also include business equity, annuities, and other financial investments.

Fixed-principal assets

Fixed-principal assets are funds deeds, annuities, or other assets that have a fixed value.

Fixed-rate assets

In contrast to fixed-principal assets, fixed-rate assets are bonds, securities, and other funds that have a guaranteed growth rate over a given period of time.

Cash and cash equivalents

This one’s exactly like it sounds: your cash in dollars, plus any cash equivalents, like money market funds and cash reserve accounts.


These are any debts, liens, or loans you owe to other parties. This is not the same as your groceries or other personal expenses. Instead, include long-term debts like mortgages, personal and bank loans, and credit card debt.

How to Act

Now that you’ve got an idea of your overall net worth, you’ve begun to build a good basis for future financial decisions. Here are a few more steps you can take to increase that figure over time:

  • Speak with a financial advisor. Calculators like this are a great start, but seeking expert financial advice can make a huge difference in your ability to devise a strong financial strategy. Consider a legal service provider like Nolo to find the right advisor for your needs.
  • Create a budget. Reducing your liabilities is half the battle in increasing your net worth. Whether you’re getting rid of long-standing student debt or paying off a loan from your latest home remodel, use our Personal Budget Calculator to see how much you can set aside to eliminate your debt.