Clear, direct answers to the most common questions about tracking your net worth — what it is, how to calculate it, and how NetWorthLiv makes it automatic.
A net worth tracker is a tool that calculates your net worth — the total value of your assets minus your liabilities — and monitors it over time. NetWorthLiv is a net worth tracker that automates the calculation using live market prices for tradeable assets like stocks, crypto, and commodities, so your net worth stays current without manual updates.
To calculate your net worth, add up the current value of all your assets (cash, investments, real estate, vehicles, valuables) and subtract all your liabilities (mortgages, loans, credit card balances). The formula is: Net Worth = Total Assets − Total Liabilities. NetWorthLiv does this automatically and keeps it updated as prices change.
Assets include cash and savings, investments (stocks, bonds, ETFs, mutual funds), retirement accounts, real estate, vehicles, cryptocurrency, gold and precious metals, valuable possessions, and private business holdings. If it has monetary value that you own, it's an asset.
Liabilities include mortgages, car loans, student loans, personal loans, credit card balances, medical debt, tax obligations, and any other money you owe. Use the current outstanding balance, not the original loan amount.
Check your net worth monthly rather than daily. Daily fluctuations (especially from market movements) create noise and anxiety. Monthly reviews reveal the trend — which is what actually matters for long-term financial decisions. NetWorthLiv saves historical snapshots automatically so you can watch the trend over time.
Yes. NetWorthLiv supports multi-currency net worth tracking with live exchange rates. You can hold assets and liabilities in USD, EUR, AED, GBP, INR, and many other currencies, and everything converts to your chosen base currency automatically.
Yes. For tradeable assets like stocks, cryptocurrencies, and commodities, NetWorthLiv fetches live market prices and updates your asset values automatically. You can also enter manual values for assets like real estate or private business holdings that don't have public prices.
Yes. NetWorthLiv is built for both individuals and business owners. Every asset and liability can be tagged as personal or business, and you can assign business items to specific business entities. You see your personal net worth, business net worth, and combined position — all in one dashboard.
Yes. NetWorthLiv uses AES-256 encryption for data at rest and TLS 1.3+ for data in transit. Each user's records are isolated with row-level security, so no other user can ever access your financial data. You can export or permanently delete your data at any time.
Yes. NetWorthLiv supports Excel and CSV import, so you can bring in assets, liabilities, and expenses from an existing spreadsheet. You can also export your data at any time — there's no lock-in.
Yes. NetWorthLiv offers a free 30-day trial with full access to all features. No payment is charged during the trial, and you can cancel anytime within the 30 days at no cost.
Income is money you earn over a period (like a salary). Net worth is the total value of what you own minus what you owe at a point in time. Someone with high income can have low net worth if they spend it all, and someone with modest income can build significant net worth by saving and investing consistently.
Free 30-day trial · No payment charged upfront · Cancel anytime