Net worth
Net worth is the value of everything you own minus everything you owe. Assets include bank balances, investments, pension capital and property; liabilities include mortgages, loans and credit-card debt. The difference is your true financial position.
In detail: Net worth
Tracking net worth over time is more informative than tracking income, because it captures saving, investing and debt repayment in one number. A rising trend means you are building wealth regardless of monthly volatility.
In Switzerland it is complicated by multiple currencies and multiple institutions, so a reliable figure usually requires aggregating accounts automatically rather than maintaining a spreadsheet.
- Net worth = total assets − total liabilities.
- Include pillar 2 and 3a capital for an accurate Swiss picture.
- Multi-currency holdings need a consistent conversion date to compare periods.
Related terms — Net worth
Multibanking is viewing and managing accounts held at several different banks inside one single application. Balances, transactions and — in some cases — payments from all connected institutions appear in one consolidated overview.
Pillar 3aPillar 3a is Switzerland's tax-privileged voluntary retirement savings scheme. Employed residents may pay in a capped amount each year and deduct it from taxable income; the money is normally locked until roughly five years before retirement age.
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