Your net worth is what you own (assets) minus what you owe (liability). It's a useful tool to track your financial progress.
A net worth worksheet is available as a download from my website.
I recommend that people prepare a net worth statement on themselves every year to see if they are progressing toward their goals. Keep in mind that values of houses and stocks fluctuate. You are using this as a tool for the long game, and not every year will be an increase in all of your assets.
A net worth is a tool that can track growth and changes in your assets. Use this tool to be aware of your progress toward your goals. Remember to celebrate your wins.
If you find these tips useful, feel free to share my blog and website. If you haven't already, you can subscribe to the blog to stay up-to-date on posts.
Follow me on TikTok, Twitter, and Instagram