The short answer
Net worth is everything you own minus everything you owe. Add up the current value of your assets (cash, investments, retirement accounts, property, vehicles, money owed to you), subtract your liabilities (mortgages, loans, card balances), and convert any foreign-currency amounts into one home currency using today's exchange rate.
Step 1: List everything you own
Start with what is easy to value, then work outward. Use today's value, not what you paid.
- Cash: savings, current/checking accounts, fixed deposits
- Investments: stocks, ETFs, mutual funds, bonds, crypto
- Retirement: 401(k), IRA, EPF, PPF, NPS, pensions
- Property: your home, land, rental flats (use a realistic estimate or range)
- Other: vehicles, gold, RSUs that have vested, money you lent to others
Step 2: List everything you owe
Use the outstanding balance, not the original loan amount.
- Home loans and mortgages
- Car, education and personal loans
- Credit card balances and buy-now-pay-later
- Loans against gold, property or securities
- Taxes owed and informal loans from family
Step 3: Convert to one home currency
If you hold money in more than one country, keep each amount in its original currency first. Then convert using the same day's exchange rate for every line, and write down the rate you used. Mixing rates from different days is the most common reason multi-country net worth numbers drift.
Pick a home currency that matches where you spend most of your life. You can always view the same total in another currency.
Step 4: Subtract and track over time
Net worth = total assets − total liabilities. One snapshot is useful; a monthly trend is far more useful, because it shows whether you are moving in the right direction and why: market moves, new savings, or debt paid down.
A net worth tracker such as Worthken does this automatically: it keeps original currencies, applies live FX, and records daily snapshots so the trend builds itself.
Last updated October 4, 2026. General information, not financial, tax or legal advice.