SECU Net Worth Calculator
Your net worth is the ultimate scorecard of financial health. Calculate yours today by listing everything you own and everything you owe to get a clear picture of your wealth.
Assets (What You Own)
Cash & Bank Accounts
Investments
Property
Liabilities (What You Owe)
Loans
Credit
Your Net Worth
How to Use the Calculator
Calculating your net worth is straightforward. Just fill in the current value for each category:
- Assets: Include everything you own that has cash value. This covers bank accounts, investment portfolios, real estate, and vehicles. Be honest with estimates (e.g., use Kelley Blue Book for cars).
- Liabilities: Include all your debts. This covers mortgages, car notes, student loans, and credit card balances.
The calculator instantly subtracts your total liabilities from your total assets to show your net worth figure.
Why Track Net Worth?
Tracking your net worth gives you a big-picture view of your financial progress. Unlike income, which measures what you earn, net worth measures what you keep. It is the single best metric for tracking true wealth building.
Positive vs. Negative Net Worth
Positive Net Worth: You own more than you owe. This is the goal.
Negative Net Worth: You owe more than you own. This is common for recent graduates with student loans or new homeowners. The goal is to trend upward over time.
How to Increase Your Net Worth
There are only two levers you can pull to increase your net worth:
- Increase Assets: Save more of your income, invest wisely, and let compound interest work for you. Owning appreciating assets (like a home or stocks) helps significantly.
- Decrease Liabilities: Pay down debt aggressively. Focus on high-interest debt like credit cards first to stop the "bleeding" of interest payments.
Frequently Asked Questions (FAQ)
1. How often should I update my net worth?
We recommend checking it quarterly or annually. Tracking it too frequently (like daily) can be stressful due to normal market fluctuations.
2. Does my income count as an asset?
No. Income is "cash flow." It only becomes an asset if you save it. If you earn $100,000 but spend $100,000, your net worth increase is $0.
3. Should I include my car?
Yes, but remember that cars are depreciating assets. Their value goes down over time, unlike investments or real estate.
4. What is a "good" net worth by age?
According to Federal Reserve data, the median net worth for Americans under 35 is around $13,900. By age 45-54, it rises to roughly $168,000. Comparing yourself to others can be helpful, but focusing on your own growth trend is better.
Take Control of Your Finances
Ready to build your assets? Explore SECU's savings and investment products to start growing your net worth today.
Visit NCSECU