See where you really stand financially. Calculate your net worth, compare to your age group, and find your wealth percentile.
Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It's the single best measure of your overall financial health — more meaningful than income alone, because it accounts for savings, investments, and debts.
Add up all your assets: cash savings, investments (stocks, bonds, crypto), retirement accounts (401k, IRA), real estate equity, vehicle value, and any other valuables. Then subtract all your liabilities: mortgage balance, student loans, credit card debt, auto loans, and any other debts. Assets minus liabilities equals your net worth.
A common benchmark is: Net Worth = (Age × Annual Pre-Tax Income) ÷ 10. For example, a 30-year-old earning $60K should aim for $180K. However, the median net worth in the US varies widely by age: ~$20K for ages 25-29, ~$130K for ages 35-44, and ~$310K for ages 55-64 (Federal Reserve Survey of Consumer Finances).
Yes — your home equity (market value minus remaining mortgage) is part of your net worth. However, some financial planners calculate a 'liquid net worth' that excludes your primary residence, since you can't easily convert it to cash. This calculator includes home equity in total net worth.
Three levers: (1) Increase assets — save more, invest consistently, maximize employer 401(k) matches. (2) Reduce liabilities — pay down high-interest debt first (avalanche method). (3) Grow existing assets — invest in diversified index funds for long-term compound growth. Even small improvements compound over time.
Monthly or quarterly is ideal. Tracking too frequently (daily/weekly) creates anxiety from market fluctuations. Too infrequently means you miss trends. Most financial apps like Richify track this automatically, showing you trends over time without manual calculation.