How to use it
- Enter the current value of each asset you have. Empty boxes count as 0.
- Enter what you still owe in the debt boxes.
- Read your net worth, the totals and the debt ratio.
How it works
- Total assets = the sum of the six asset boxes.
- Total debts = the sum of the four debt boxes.
- Net worth = total assets − total debts.
- Debt ratio = total debts ÷ total assets.
Worked example
Assets of 1,000 in cash and 2,500.50 in investments make 3,500.50. Debts of 500 in loans and 100 on cards make 600. Net worth is 2,900.50 and debts are 17.1% of assets.
Tips
- Use the same valuation method each time so changes are comparable.
- Paying down debt and building assets both raise net worth by the same amount per unit.
- This is a snapshot, not financial advice.