We don't go around asking each other what our net worth is BUT it's one of the best financial tools you can keep in your tool box. And the earlier you start tracking it, the better it will serve you. Watch this video below or read about the 9 reasons why you want to be tracking your net worth:
A good indication of your overall financial health - the 30,000 foot view.
The amount of income you make is part of your overall picture but it’s not the end all be all.
It is a source of motivation as it tracks your progress
You have an easy place to track all of your investments.
It helps you ditch debt!
You'll make better use of your money.
It will help you start thinking about how your financial decisions impact your net worth.
It may help you get approved for a loan or other financial decisions.
It makes it easy to track progress over a period of time.
So there you have it. I like to track my net worth on personalcapital.com because it's easy to use and easy to set up.