a few minutes ago
Net worth is an important measure of how your finances are growing. Everyone should track their net worth over their lifetime. It is somewhat simple to calculate. If you were to take everything you own and sell it, and take all your cash and pay off all your debts, how much money would you have left over. That is your net worth. Some things people forget to include when thinking about their complete financial picture. Maybe you have a rental property that has increased in value. It might not produce any more monthly income to you, but your financial picture is better because of it. So make sure to include those things as well. I set financial goals based on net worth figures. That way if one of my investments isn't doing as well, but the another is doing better than expected, I know I am still on track.