Net worth

Net worth

Who's better off?

Kiwi Story

Hine and Harriet, both aged 23, were working out their net worth with the help of Sorted's net worth ...

When your business is your investment

Kiwi Story

Sue and Rob are a husband and wife who work in their own consultancy business. They have a $75,000 ...

Revolving credit to nowhere

Kiwi Story

Paul and Karen bought their first home with a revolving credit mortgage three years ago. The interest ...

Getting goals together

Kiwi Story

Since finishing his degree, James has worked for a bank. His fortnightly student loan repayments have ...

Managing debt

It's good to be able to borrow money. It can help you acquire assets - like a house, a business or an education. But debt can also be a trap.

Glossary: debt
Debt is what you owe - it comes in many forms, including mortgages, personal loans, credit card balances, hire purchase agreements, loans from family.
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Your home

Your home is probably the biggest investment you'll make during your lifetime. When you plan for your retirement, you need to think about your retirement home as a non-financial asset.

Glossary: investment
A way to use your money to make it grow.
Glossary: asset
An asset is a useful or valuable person or thing. In financial terms it's an item that can be converted into cash such as bank deposits, shares or property.
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Car loans

There is a lot to think about when you buy a car - fuel efficiency, safety, reliability and, of course, the cost. Buying a car can be a big expense.

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Net worth

Your net worth is the difference between the value of what you own and the total amount that you owe.

Glossary: net worth
Your overall financial position - the value of your assets minus your debts. Or the difference between what you own and what you owe.
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