What is a Net Worth Calculator?

A net worth calculator is a very important tool. Through this calculator, a person can know very easily about his current financial situation. Every person has some assets and some liabilities. If the value of the assets is greater than the liabilities, then the financial condition of the person is considered to be good, and similarly, if the value of the liabilities of a person is greater than the assets, then the financial condition of that person is considered to be bad. But how can a person know his current total net worth? A net worth calculator is used to know this.

What are assets and liabilities?

Before using a net worth calculator, it is possible to calculate net worth easily if you know about assets and liabilities. But how do we know which things are assets and liabilities? The answer is that if money is earned from anything, it is called an asset, for example, property, gold, stocks, bonds, mutual funds, treasury bills, savings accounts, long-term or short-term investment, cash, house/shop rent etc.

Those things that require money to be spent even after being bought and do not earn any cash are called liabilities, such as loans, credit cards, interest pay, rent pay, debt, mortgage, unpaid bills or payments, etc.

Why use the Net Worth Calculator tool?

It is very important to know one’s net worth at this time. With this tool, a person can know exactly where their financial situation is. By using this calculator, all the things that can be known are:

1. Financial Goal Set: If you use this calculator regularly, you can get an idea of your financial condition, and it is easy to set financial goals for the future.
2. Assets and liabilities: By using this calculator, assets and liabilities can be easily known and tracked.
3. Investment Goal Planning: If you use this calculator, you can know about the assets; if they are less, it is possible to make investment plans to secure your future.

How to use our net worth calculator

• First, input all your assets one by one in specific sections, such as stock, cash, property, gold, etc. If you have any asset other than the options given by us, input its value in the Other Assets section.
• In the second step, enter the information of all liabilities in the liabilities section, such as home loans, car loans, personal loans, student loans, unpaid bills, credit card dues, and if you have any other liabilities, input them in the other liabilities section.
• In the third step, select the currency of your country.
• Fill in all the information correctly and click on the calculate option, and then you will know about your final net worth below.

Why use our net worth calculator tool?

The main features of our calculator are:

1. Simple Design: We want all our users to be able to use this calculator very easily, so the design of this tool has been kept simple.
2. Responsive: This calculator has been made responsive so that it can work equally fast on all devices.
3. Currency Option: Multiple currency options are provided in this calculator, such as the Indian Rupee (INR), United States Dollar (USD), European Union Euro (EUR), United Kingdom Pound Sterling (GBP), and Japanese yen (JPY).
4. Result: As soon as the calculate button is clicked, the result is published quickly, and the result is shown as a colour. For example, if a person’s net worth is positive, it is green, and if it is negative, a red colour is shown.

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