Net Worth Tracker

Add up the current value of everything you own (Assets: home, 401k, savings, cars) and subtract everything you owe (Liabilities: mortgage, student loans, credit cards).

The resulting single number is your Net Worth—the ultimate scorecard of your financial health.

Income is what you earn; Wealth is what you keep. Many doctors earn high incomes but spend it all entirely, resulting in "High Income, Not Rich Yet" (HENRY) status or negative net worth into their 40s.

Tracking this number annually removes emotion from your finances. As long as the trajectory is moving up and to the right, you are successfully building wealth and moving toward financial independence.

Net Worth: Total Assets - Total Liabilities.

If you have $300k in student loans and $50k in the bank, your Net Worth is exactly -$250,000. Don't let negative numbers discourage you; they are completely normal for new attendings.

• Pearl: Track your net worth on the exact same day every year (e.g., January 1st) to easily visualize your annual wealth accumulation.
• Pearl: Only count assets that hold value or that you could practically liquidate in a disaster. Don't bother tracking the depreciation of your surgical loupes or furniture.
• Pitfall: Overvaluing your primary residence or cars. Your house value should reflect what you could realistically sell it for after 6% realtor fees, not the Zestimate high-water mark.