What is net worth?
Net worth is everything you own minus everything you owe.
Assets include bank balances, KiwiSaver, shares, funds and property. Liabilities include your mortgage, credit cards, car loans and student loan.
Tracking net worth over time shows whether you are building wealth, even when spending feels the same from month to month.
Example
A $900,000 home, $80,000 in KiwiSaver and $20,000 in savings, less a $600,000 mortgage, is a net worth of $400,000.
In Fireball
Fireball adds up your banks, KiwiSaver, investments, property and debts automatically and charts your net worth over time.
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