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What is your net worth?
Surprisingly, most people don’t know this one number, even high earners.
Over the years, while reviewing financials across income levels, I’ve noticed a clear pattern:
People track their income very closely.
Some even track their expenses.
But very few track their net worth.
And that’s the real gap.
Because financial security is not decided by how much you earn…
It’s decided by how much wealth you’ve actually built.
You could be earning ₹2L/month and still have a stagnant or negative net worth.
And someone earning ₹50k/month could be steadily building wealth.
That’s the difference between income vs wealth
So how do you track it? (Simple method):
Step 1: Open an Excel sheet
Step 2: List all your assets
• Bank balance
• Cash
• Fixed deposits
• Mutual funds / stocks
• PPF / EPF / NPS
• Gold / jewellery
• Property
• Car (optional, if you want realistic view)
Step 3: List all your liabilities
• Home loan
• Personal loan
• Car loan
• Credit card dues
• Any borrowed money
Step 4:
Net Worth = Total Assets – Total Liabilities
That’s it.
Pro tip:
Update this once every month.
Even if the change is small, consistency is what builds wealth.
Over time, this one habit will:
✔ Give you clarity
✔ Help you set better financial goals
✔ Make you more intentional with money
✔ Shift your mindset from earning → building wealth
Follow @cavijayaagrawal for more!
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Networth update for May! What should I do differently? The goal is to reach 1 million networth by 35! #networth #investing #budgeting #financialplanning #moneymindset
This is the median net worth by age group - where do you stack up?
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No iphone before 5L networth.
No car before 15L networth.
No house before 2Cr networth.
3 simple rules for financial peace.
Follow @firewithin.now so we can remind you to be the best version of yourself today!
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Comment Your Networth & Category 📈
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The average isn’t the whole story. Look at the median 👀
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Personal Finance Decoded — Episode 10 | Net Worth 💰
And we’re wrapping up this series with something that brings your entire financial picture together — Net Worth.
It’s not just about how much you earn.
It’s about what you own, what you owe, and what you’re actually building.
Net Worth = Assets − Liabilities
Your salary tells you what you earn.
Your net worth tells you what you’re building.
From budgeting and savings to investments, insurance, credit score and capital gains — we’ve decoded the basics of personal finance together. 🫶🏻
If you’ve been following this series, thank you for being here.
And if you’re new — consider this your sign to start understanding your money, one simple concept at a time. ✨
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How I built a $800k+ net worth at 29 y/o
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Before you label yourself middle class, understand where you truly stand financially. Net worth tells a different story than income 👀💰
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