Here's How Your Net Worth Stacks Up With the Rest of Americans Your Age
Tracking your net worth is a great way to determine if you're making progress toward strengthening your finances over time.
Your net worth sums up your entire financial profile into a single number. It accounts for all of your savings, investments, and other assets, plus any debt you might carry. And that can be a lot more informative than simply looking at your brokerage statement or how much you have left to pay down on your student loans.
Improving your net worth is simple but not easy. It requires the discipline to spend less than you earn, pay down your high-interest debt, and invest what's left over. Doing so consistently, though, should lead to a high net worth.
Source Fool.com
