Net Worth

Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe. If you owe more than you own, you have a negative net worth. If you own more than you owe you will have a positive net worth. This calculator helps you determine your net worth. It also estimates how your net worth could grow (or shrink!) over the next ten years.

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Definitions

Home
Current value of your home. This should be as close as possible to the actual market value of your home. If you have owned your home for a number of years, the current market value could be significantly higher than your original purchase price.

Other real estate
The value of any other real estate you may own. Include second homes, undeveloped land, rental property or any commercial buildings you may have an interest in. As with your home, use the actual market value of this real estate.

Automobiles
This is the total value of all automobiles that you own. Do not include any leased vehicles.

Other vehicles
If you own any other vehicles, such as RVs, campers or collectibles, enter them here.

Jewelry
The value of any jewelry, gems or precious metals such as gold. If you have owned these items for a number of years they may have appreciated in price, remember to use the current market value.

Household items
The value of your household goods and items. This would include items such as furniture, home electronics, silverware, etc.

Retirement accounts
The current total balance of your retirement accounts. This should include IRAs, 401(k) savings, SEP IRAs, variable annuities and any other retirement savings you may have.

Bonds
If you own any Treasury, municipal, or commercial bonds enter the total here.

Stocks
If you own any individual stocks, enter the total here. Again, do not include any stocks that are held in a retirement account.

Mutual funds
If you own any mutual funds, enter the total here. Do not include any mutual funds that are in your retirement accounts, they were already included in the "Retirement accounts" line.

Cash value of life insurance
Some life insurance has a cash value. This is true for Whole Life and Universal Life policies. Term Life policies, on the other hand, have no cash value. If you have life insurance with a cash value, enter the total here. Remember, this should be the cash value of the policy, not the amount paid out if you were to collect on the policy.

Savings bonds
If you own any Savings Bonds enter the total here.

Checking and savings
The current total balance of your checking and savings accounts.

Cash
If you have any other cash, enter the total here.

Other
If you have any other assets of value, you can enter the total here.

Home mortgage principal
This is the current principal balance remaining on your mortgage. This is the amount that you would have to pay to own your home free and clear.

Other mortgage principal
This is the current principal balance for any other real estate mortgages you may have. This includes mortgages on rental property, undeveloped land, commercial property or any other real estate.

Auto loans
Total amount you currently have outstanding on your auto loans.

Student loans
Total amount, if any, that you currently owe in college or student loans. You should enter the total outstanding even if these loans are currently in deferment.

Credit card debt
Your total credit card debt.

Other loans
Total amount, if any, of any other loans you may have.