Net Worth Calculator
Stop guessing. Know your true financial position in under 2 minutes. Enter your assets and liabilities below to get your Net Worth and Financial Health Score.
Net Worth Calculator
Calculate your true financial position instantly.
Assets (What you own)
Liabilities (What you owe)
Your Net Worth
Financial Health Score
Enter your details to see your health score.
Need an Official Personal Financial Statement?
Create your Official PFSWhy Tracking Your Net Worth Matters
Most people focus on their income, but true wealth is measured by Net Worth. You can earn $200,000 a year, but if you spend $205,000, your net worth is decreasing. Tracking your net worth gives you the "big picture" of your financial health that a simple bank balance cannot provide.
How Our Health Score Works
Unlike other calculators that just give you a number, the StatementsReady™ Net Worth Calculator analyzes your Debt-to-Asset Ratio to give you a qualitative Health Score:
An excellent position where assets significantly outweigh liabilities. You are likely ready for major investment opportunities.
You have a solid foundation. Your debts are manageable compared to your assets.
Your debt load is high relative to your assets. This increases risk and should be monitored carefully.
Assets vs. Liabilities: What's the Difference?
Assets (What You Own)
Assets are resources with economic value that you own or control with the expectation that they will provide a future benefit.
- Liquid Assets: Cash, Savings, Money Market Accounts (Easy to spend).
- Investments: Stocks, Bonds, Retirement Accounts (Long-term growth).
- Fixed Assets: Real Estate, Vehicles, Equipment (Harder to sell quickly).
Liabilities (What You Owe)
Liabilities are your financial obligations or debts that you must repay in the future.
- Current Liabilities: Credit Card Debt, Unpaid Bills (Due within a year).
- Long-Term Liabilities: Mortgages, Student Loans, Business Loans (Due over many years).
Next Steps: Create a Formal Statement
Calculators are great for a quick check, but when you need to apply for a loan, raise capital, or buy a business, you need a Personal Financial Statement (PFS).
Ready to get professional?
StatementsReady turns your net worth data into a bank-ready Personal Financial Statement (Bank compatible) in minutes.
Start Your Free TrialFrequently Asked Questions
Does this calculator save my data?
No. This is a client-side calculator. Your data never leaves your browser unless you choose to sign up for a StatementsReady account.
What should I include in "Personal Property"?
Include major items that have resale value, such as jewelry, art, collectibles, or high-value electronics. Do not include standard clothing or household goods unless they are significant.
How often should I check my Net Worth?
We recommend updating your net worth statement quarterly (every 3 months). This allows you to track trends without obsessing over daily market fluctuations.
What is a Personal Financial Statement?
A Personal Financial Statement (PFS) is a formal document that summarizes your assets, liabilities, and net worth at a specific point in time. While a net worth calculator is a great tool for a quick check-up, banks and lenders require a formal PFS for:
- Commercial Loans: Applying for financing to buy a business or commercial real estate.
- SBA Applications: The Small Business Administration (SBA) requires a specific format (SBA Form 413).
- Annual Covenant Compliance: Many lenders require borrowers to submit an updated PFS every year to ensure they remain financially healthy.
- High-Net-Worth Planning: Wealth managers often use detailed PFS documents to track complex portfolios involving multiple properties, business interests, and trusts.
Unlike a simple spreadsheet, a standardized Personal Financial Statement (like the ones generated by StatementsReady) organizes your financial data into a format that bankers and underwriters trust.