Frequently Asked Questions
What is net worth?+
Net worth is the total value of what you own (assets) minus what you owe (liabilities). It is the most accurate measure of your financial health.
What counts as an asset?+
Assets include savings, fixed deposits, stocks, mutual funds, property, gold, jewelry, vehicles, and any other valuables with monetary value.
What counts as a liability?+
Liabilities include home loans, car loans, personal loans, credit card outstanding balance, education loans, and any other money you owe.
What is a good net worth at different ages?+
A common benchmark is having net worth equal to your annual salary by age 30, 3x by 40, 6x by 50. These are guides not strict rules.
How do I increase my net worth?+
Increase income, reduce unnecessary expenses, pay off high-interest debt, invest in appreciating assets like mutual funds and property, and track progress regularly.