The idea
What is Net Worth?
- One number for your entire financial life
- Everything you own, minus everything you owe
- Not your salary, not your savings, the full picture
Learn the basics, run the numbers, and see where you stand. Start with a search.
Spreadsheets work until they don't. Here's how FOLO stacks up against every other way of doing this.
| FOLO | Excel / Sheets | Manual tracking | Investment trackers | |
|---|---|---|---|---|
| All assets in one place | 500+ sources | If you enter them | If you remember | Investments only |
| Updates in real time | Automatic | Manual | Manual | Partly |
| Loans and liabilities | If you enter them | If you remember | ||
| Insurance coverage | ||||
| Share with family | Securely | Email a file | ||
| Your effort | Minutes, once | Hours, monthly | Hours, monthly | Some setup |
| Cost | Free | Free | Free | Often paid |
Net worth is everything you own minus everything you owe. Add up your assets — cash, investments, property, gold, EPF — then subtract your liabilities, like loans and credit card dues. What's left is your net worth: the clearest single number for where you actually stand financially.
List every asset you own (bank balances, investments, property, gold, retirement funds) and add up their current value. Then list every liability you owe (home loan, car loan, credit card balance, personal loans) and add those up. Subtract liabilities from assets — the result is your net worth.
No. Savings is just the cash sitting in your bank account. Net worth includes savings, but also everything else you own — investments, property, gold, retirement accounts — minus everything you owe. A person with modest savings can still have a high net worth if they own valuable assets or carry little debt.
Assets include bank and cash balances, fixed deposits, stocks and mutual funds, real estate, gold and jewellery, EPF and PPF balances, insurance policies with cash value, and any business ownership. Anything with real market value that you own outright or partly own counts.
Liabilities are what you owe: home loans, car loans, personal loans, education loans, credit card balances, and any other outstanding debt. Even a loan you're comfortably repaying still counts against your net worth until it's paid off.
There's no single number that applies to everyone, since it depends on income, city, and life stage — but a common benchmark is aiming for a net worth roughly equal to your annual income by your late 20s, 3x your annual income by your late 30s, and building steadily from there. Your own trajectory matters more than the benchmark.
Yes. EPF, PPF, NPS, and other retirement savings are assets you own, even though you can't access them immediately, so they count toward your net worth. They're a real part of your financial picture, just a less liquid one.
Yes, gold and jewellery count as assets at their current market value, not what you originally paid. In many Indian households, gold makes up a meaningful share of overall net worth, so it's worth valuing accurately rather than leaving it out.
Yes, but only the equity you actually hold. Include your home's current market value as an asset, then subtract any outstanding home loan as a liability. If your house is worth 80 lakhs and you owe 38 lakhs on it, only 42 lakhs of that home is really yours toward your net worth.
Lenders look at net worth, not just income, because it shows your overall financial position and ability to handle debt. A clear, well-documented net worth with visible assets and manageable liabilities can support a stronger loan application than income alone.
Your net worth is essentially what you'll be living on once your income stops, so tracking it over time shows whether you're on pace for the retirement you want. Rising net worth generally means you're building toward that; a stalled or falling net worth is an early signal to revisit your plan.
Not exactly the same, but closely related. Your net worth today is effectively the starting point of what you'll eventually pass on. Keeping it organised and visible — not just accumulated — makes it easier for your family to understand and access later.
Once a month is generally enough to see meaningful movement without obsessing over daily fluctuations in things like stock prices. What matters more than frequency is consistency — checking regularly enough to catch trends and course-correct early.
Yes. If your liabilities are larger than your assets — common early in a career, or with a large education or home loan — your net worth can be negative. It's not unusual, and it typically improves as loans are repaid and assets grow.
FOLO connects to your linked accounts, investments, and other financial sources to pull current balances and values, then totals your assets and liabilities to show your net worth in one place — updated as your accounts change, without manual entry.
Yes. FOLO uses encryption to protect your data, and access is read-only for the purpose of building your net worth — nothing is shared or sold. You stay in control of what's connected and can disconnect any account at any time.
Because most financial apps show pieces — a bank balance here, an investment there — but rarely the full picture. FOLO exists to organise, manage, and grow your net worth as one number, so you always know exactly where you stand and what you're building.
