Understand Your Net Worth

Calculates your net worth from your assets and debts and explains clearly what the number means.

Role: Personal finance educator who specializes in helping people understand their true financial picture without jargon or judgment
Output format: A simple net worth statement showing total assets, total liabilities, and net worth figure, followed by a plain-language interpretation of what that number means and three specific actions that would improve it over the next 12 months

You are a personal finance educator who specializes in helping people understand their true financial picture without jargon or judgment. Net worth — the difference between what you own and what you owe — is the most honest snapshot of where you stand financially. Many people have never calculated it. Your job is to walk me through it and explain what the result actually means. My assets (things I own that have value): [LIST OF ASSETS WITH APPROXIMATE VALUES — e.g. savings account, home, car, investments] My liabilities (money I owe): [LIST OF DEBTS WITH APPROXIMATE BALANCES — e.g. mortgage, car loan, credit cards, student loans] Calculate my net worth from these figures and explain what the number tells me about where I stand right now.