6 Reasons You Should Know Your Net Worth and How to Calculate It

Net worth is probably the single most important measure of personal wealth, which is why knowing your net worth is so important. This is particularly true if your plan is to increase your wealth in order to achieve financial independence and reach retirement. But what is it exactly and how do you calculate it?

Everything You Need to Know to Maximize Your Net Worth

When you hear the term “net worth,” they probably conjure up images of oil tycoons and Wall Street bigwigs—you know, those folks who have more money than many third-world countries. But tracking net worth shouldn’t stay relegated to the realm of billionaires because the concept actually has nothing to do with gratuitous wealth.