Net Worth Calculator
Your net worth
is the value of all of your assets, minus the total of all of your
liabilities. Put another way, it is what you own minus what you owe.
If you owe more than you own, you have a negative net worth. If you
own more than you owe you will have a positive net worth. This calculator
helps you determine your net worth. It also estimates how your net
worth could grow (or shrink!) over the next ten years.
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Definitions
Home
Current value of your
home. This should be as close to the actual market value of
your home. If you have owned your home for a number of years,
this could be significantly higher than your original purchase
price current market value
Other real-estate
The value of any other
real-estate you may own. Include second homes, undeveloped land,
rental property or any commercial buildings you may have an
interest in. As with your home, use the actual market value
of this real-estate.
Automobiles
This is the total value
of all automobiles that you own. Do not include any leased vehicles.
Other vehicles
If you own any other
vehicles, such as RVs, campers or collectibles, enter them here.
Jewelry
The value of any jewelry,
gems or precious metals such as gold. If you have owned these
items for a number of years they may have appreciated in price,
remember to use the current market value.
Household items
The value of your household
goods and items. This would include furnishing such as furniture,
home electronics, silverware, etc.
Chequing and savings
The current total balance
of your chequing and savings accounts.
Registered retirement
accounts
The current total balance
of your registered retirement accounts. This would include RRSPs
(term deposits, mutual funds), RRIFs, Employer Pension Plans,
annuities and any other registered retirement savings you may
have.
Savings bonds
If you own any Savings
Bonds enter the total here.
Bonds
If you own any Treasury,
municipal, or commercial bonds enter the total here.
Mutual funds
If you own any mutual
funds, enter the total here. Do not included any mutual funds
that are in your registered retirement accounts, they were already
included in the "Registered retirement accounts" line.
Stocks
If you own any individual
stocks, enter the total here. Again, do not include any stocks
that are held in a registered retirement account.
Life insurance
Some life insurance has
a cash value. This is true for Whole Life and Universal Life
polices. Term Life policies, on the other hand, have no cash
value. If you have life insurance with a cash value, enter the
total here. Remember, this should be the cash value of the policy,
not the amount paid out if you were to collect on the policy.
Cash
If you have any other
cash, enter the total here.
Other
If you have any other
assets of value, you can enter the total here.
Home mortgage principal
This is the current principal
balance remaining on your mortgage. This is the amount that
you would have to pay to own your home free and clear.
Other mortgage principal
This is the current principal
balance for any other real-estate mortgages you may have. This
includes mortgages on rental property, undeveloped land, commercial
property or any other real-estate.
Auto loans
Total amount you currently
have outstanding on your auto loans.
Student loans
Total amount, if any,
that you currently owe in college or student loans. You should
enter the total outstanding even if these loans are currently
in deferment.
Other loans
Total amount, if any,
of any other loans you may have.
Credit card debt
Your total credit card
debt.
Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances.
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