How it works
Net worth is everything you own minus everything you owe. A high salary doesn't guarantee a high net worth if debt is heavy, so tracking net worth is the real measure of financial health. Record the same fields periodically (e.g. quarterly) to see how your wealth builds over time.
FAQ
Q. Should I include pension or severance pay?
A. They're usually excluded since they aren't easily liquid, but noting them separately for reference is fine.
Q. How should I value real estate?
A. It's safer to use a conservative estimate — recent comparable sales or the official assessed value.