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Net worth is everything you own minus everything you owe. Using the example figures, assets of 562,000 minus liabilities of 330,500 gives a net worth of 231,500.
The debt-to-asset ratio (liabilities ÷ assets) shows how much of what you own is funded by borrowing; under 0.5 is generally considered comfortable, and it naturally falls as a mortgage is paid down. Liquid net worth counts only cash and investments you could access quickly, minus consumer debts like cards and car loans. It’s a better measure of how well you could cope with a sudden cost.
Home equity is the property value minus the mortgage. Because a home is hard to turn into spending money, the "excluding home" figure is often a clearer picture of financial flexibility.
Add up the current value of everything you own (cash, investments, pensions, property, vehicles) and subtract everything you owe (mortgage, loans, card balances). The result can be negative, which is common early in a career or with student debt.
Yes, at a realistic sale value, with the mortgage as a liability. Many people also track net worth excluding their home, since you can’t easily spend home equity.
Include what it would sell for today, not what you paid. Cars lose value quickly, so this figure will shrink over time.
It depends heavily on age, income and location. A more useful measure is whether your net worth is growing year after year. Tracking it every few months shows progress.
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