Net worth calculator/spreadsheet

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bigguy8437
Posts: 404
Joined: Tue May 26, 2015 12:02 am

Net worth calculator/spreadsheet

Post by bigguy8437 »

I’m trying to help my family members understand what their net worth is and have a better overall outlook or view of their money. Does anyone have a good net worth calculator spreadsheet?
DoctorPhysics
Posts: 237
Joined: Sun Jun 07, 2015 12:50 pm

Re: Net worth calculator/spreadsheet

Post by DoctorPhysics »

Does it have to be a spreadsheet? Some like this (I have my personal, complicated spreadsheet that I enjoy), but for simple purposes, this can be done on paper.

Definition of net worth = assets - liabilities.
chassis
Posts: 2182
Joined: Tue Mar 24, 2020 4:28 pm

Re: Net worth calculator/spreadsheet

Post by chassis »

A basic sheet in Excel will communicate the message.

List the assets

List the liabilities

Net worth is the difference between the two.

The Excel model can become as detailed and complex as you want it to become.
InNameOnly
Posts: 139
Joined: Fri Jul 30, 2021 12:40 am

Re: Net worth calculator/spreadsheet

Post by InNameOnly »

OK sorry if I am being feed to the echo chamber but, everything that you own minus what you actually still owe on stuff equals "net worth."
The realist sees the glass as completely full, 50% water and 50% air.
mhalley
Posts: 10432
Joined: Tue Nov 20, 2007 5:02 am

Re: Net worth calculator/spreadsheet

Post by mhalley »

You can google net worth templates, there are tons already out there. Or use an aggregator like personal capital. Here is a step by step guide to building your own
https://www.thesimpledollar.com/financi ... readsheet/
Bankrate has an online calculator
https://www.bankrate.com/calculators/sm ... lator.aspx
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