Calculate your Net worth
Generally net worth refers to a company's total Assets minus their Liabilities.
In personal finance your net worth is your total wealth or what you own minus what you owe.
It is extremely helpful for individuals to know how much their total net worth is and how much you can expect it to grow (or shrink) based on your current income and expenses.
To use this calculator :
Step 1: Your Assets - Enter in the total amount of real estate, investments, personal property, and cash, click next.
Step 2: Your Liabilities - Enter the mortgage, and other loans amounts.
Step 3: Growth - Slide the yearly asset growth cursor to the correct percentage on the chart and slide the liability growth cursor to the correct percentage on the chart.
Finally - You will get what could be your net worth in ten years.
Playing with the sliders will give you a very good idea of what effect a negative liability growth (paying off debt) versus a higher asset growth will have on your net worth down the road.
See Also:
- Lifetime Earnings Calculator
- Net Worth Calculator
- Savings Goal Calculator
- Cumulative Inflation Calculator
- How much it would cost after Inflation Calculator
- Salary Inflation Calculator
- Cost of Living calculator
- More Financial Calculators
If you would like to be able to track your Net Worth over a longer period (and I highly recommend doing that) the best way is with a spreadsheet. I have posted the one I use. Download Net Worth Calculation and Tracking Spreadsheet.
About Tim McMahon
My grandfather lived through the Hyperinflation in Weimar, Germany--to say he was an original “gold bug” would be an understatement. I began reading his “hard money” newsletters at the age of 16 and the dividends from gold stocks helped put me through college. I began publishing the Financial Trend Forecaster paper newsletter in 1995 upon the death of James Moore editor of Your Window into the Future and the creator of the Moore Inflation Predictor©. FTF specializes in trends in the stock market, gold, inflation and bonds. In January of 2003, I began publishing InflationData.com to specialize in all forms of information about the nature of Inflation. In 2009, we added Elliott Wave University to help teach you the principles of Elliott Wave analysis. In January 2013, we began publishing OptioMoney. Connect with Tim on Web | Twitter | Facebook | LinkedIn | More Posts
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