---
title: How to calculate your net worth (and what to actually include)
url: https://wealthscout.app/updates/how-to-calculate-net-worth
category: Net worth
updated: 2026-08-23
---

# How to calculate your net worth (and what to actually include)

Source: https://wealthscout.app/updates/how-to-calculate-net-worth

To calculate net worth, list the assets you legally own today and subtract the liabilities you owe today. Track gross values for retirement accounts, exclude phantom assets like future pensions, and keep liquid assets separated from property equity.

## Takeaways

- Net worth is simply your total assets minus your total liabilities at a point in time.
- Track gross values for retirement accounts rather than guessing future tax rates.
- Separate your 'Ego Net Worth' (home equity) from your 'Utility Net Worth' (liquid assets) to understand your true financial health.

**Scope.** This guide is about the figures you track for personal wealth monitoring. It is not a rule for tax, family law, or lending, which may define assets differently.

## The minimum for every row


## Questions

## Sources

- [Net worth calculator](https://moneysmart.gov.au/managing-debt/net-worth-calculator) — Moneysmart
- [Develop an investing plan](https://moneysmart.gov.au/how-to-invest/develop-an-investing-plan) — Moneysmart