Is Your Net Worth Higher Than Your Peers? Here's How to Find Out.
As soon as I landed my first job, I started monitoring my net income. However, I didn't start measuring my net worth until years later, which is the actual number you'll need to know to see how your finances are faring.
Net worth typically takes a backseat to net income when you're younger, but if you want to see if you're making progress toward your goals, you have to keep tabs on your net worth. This number is a big deal because it can show you how close you are to becoming a millionaire, if that's your goal.
It can sometimes be confusing to know where to start and how to think about your net worth. To help you out, we've broken down how to calculate net worth and taken a look under the hood to see how your peers might be doing.
Source Fool.com
