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What Is Net Worth & How To Calculate It?

If you’ve ever asked yourself “What’s my net worth?” Then blog will tell you exactly what you need to know. By the time you’re done reading this, you’ll know how to calculate your net worth in seconds.
November 8, 2024
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The term net worth is used often in the context of financial prowess (and bragging rights). For example, Jeff Bezos’ net worth is $177 billion and he is the richest person in the world. 

But calculating net worth isn’t reserved for the ultra-rich. Regular investors and salaried professionals can calculate their net worth using a simple formula (Scroll down if you want to skip right to it!).

What Is The Net Worth Of A Person?

Net worth is calculated by subtracting the total liabilities from the total assets that a person owns. This will give you a snapshot of how much you’re financially worth.

Furthermore, knowing your net worth can help you understand if you’re on track to achieve your financial goals. It can help you analyze your spending habits.

Read this blog to know how to save money from your salary

How To Calculate Net Worth?

You’ll need two things to calculate net worth: your assets and liabilities. Here’s how you can compile both and figure out your net worth. 

1. Calculate Assets

Assets may include (but are not limited to): 

  • Investments:

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