- Net worth = total assets minus total liabilities — the single clearest snapshot of overall financial position.
- Your home (at market value) and its mortgage balance both count — the gap between them is your home equity.
- Track it monthly: frequent enough to see trends, infrequent enough to ignore short-term market noise.
- Hunch pulls real account balances automatically so this number updates itself daily.
How the net worth calculator works
List what you own (cash, investments, retirement accounts, real estate, vehicles) and what you owe (mortgage, loans, credit card balances). The calculator totals each side and subtracts liabilities from assets to show your net worth, plus the split between the two.
The math: assets minus liabilities
Net worth = total assets − total liabilities. Assets are valued at current market value (not purchase price) — a home bought for $400,000 that's now worth $550,000 counts at $550,000. Liabilities are the outstanding balance owed today, not the original loan amount.
Worked example
$45,000 in a chequing/savings account, $120,000 in investments, and a $550,000 home gives $715,000 in assets. A $310,000 remaining mortgage and $8,000 in credit card debt gives $318,000 in liabilities. Net worth: $715,000 − $318,000 = $397,000.
Key terms
- Asset
- Anything with cash value: bank accounts, investments, retirement accounts, real estate, vehicles, business equity.
- Liability
- Money you owe: mortgage balance, loans, credit card debt, lines of credit.
- Home equity
- A home's current market value minus the remaining mortgage balance against it.
- Liquid assets
- Assets that can be converted to cash quickly without a big loss in value, like a savings account — as opposed to illiquid assets like real estate.