Net Worth Calculator (India)

NET WORTH CALCULATOR What is net worth? Net worth is the value you get after subtracting everything you owe (liabilities) from everything you own (assets). It measures an individual's overall financial position. Let’s first understand what are assets and liabilities- An asset can refer to something you own with monetary value and can provide future benefits to you. Examples: House, real estate, car, stocks, fixed deposits, gold, etc. A liability is money you owe or an obligation you must settle in the future. Examples: Personal loan, car loan, credit card dues, home loans, unpaid bills, etc. If your net worth is positive, meaning you have more assets than liabilities, it shows that you manage your finances well, whereas if your net worth is negative, meaning you have more liabilities than assets, you may need to improve your financial health. Formula- Net Worth= Assets - Liabilities For Example: Assets: 1. Cash in bank: ₹2,00,000 2. House value: ₹20,00,000 3. Car value: ₹5,00,000 4. Mutual funds: ₹1,50,000 5. Gold: ₹1,50,000 Total Assets = ₹30,00,000 Liabilities: 1. Home loan outstanding: ₹10,00,000 2. Car loan outstanding: ₹2,00,000 3. Credit card dues: ₹1,00,000 4. Personal Loan: ₹7,00,000 Total Liabilities = ₹20,00,000 So, net worth comes out to be Total Assets- Total Liabilities= ₹30,00,000−₹20,00,000=₹10,00,000 Which simply means if you sell all your assets and pay off all your debts today, you’d be left with ₹10 lakh. How to Improve Your Net Worth? Higher the net worth, the better it is and to improve your net worth, you should- Increase Your Income- You should focus on increasing your income, as a higher income allows you to save and invest more, and therefore helps you increase your assets. Spend Less Than You Earn- You should spend less than you earn, this will let you save more and use the extra money to invest in assets. Pay Off High-Interest Debt- You should clear high-interest debts quickly, as doing so will reduce liabilities. Track Your Net Worth Regularly – You should check your net worth often, as checking regularly helps you make better financial decisions to grow your assets. What is a Net Worth Calculator and How Does It Help? A Net Worth Calculator is a simple tool that tells you your overall financial health, whether you manage your finances well or not. All you need to enter is: Total value of your assets (like ₹50,00,000) Total value of your liabilities (like ₹20,00,000) In seconds, it shows you: Your net worth (assets minus liabilities) How much you truly own after debts A clear picture of your current financial health How to Use Finanjo’s Net Worth Calculator – Step-by-Step Enter the total value of all your assets (e.g., ₹50,00,000) Enter the total value of all your liabilities (e.g., ₹20,00,000) Click Calculate, the tool will instantly show your net worth. View the breakdown and graph to understand your financial health better. Tips to Make the Most of the Net Worth Calculator List all your assets and liabilities for accurate results Include short-term and long-term debts in liabilities. Review your net worth regularly and compare it with your past net worth.