Warren Buffett, Jeff Bezos, Rihanna. When you hear the term “net worth”, you might automatically envision some Internet billionaire or media tycoon because those are the only people who have and need to know their net worth, right? Wrong! This could not be further from the truth. Net worth is an important metric for everyone to monitor assets, track liabilities, and learn how to become financially independent. When it comes to your money, your net worth is one of the best ways to see where you stand financially.

Is Knowing Your Financial Net Worth Important?

People often base their financial health primarily on one of the following: a sizeable income, minimum debt, sizeable asset holdings, or the amount of cash in their bank accounts. While these are inherently some good measures of financial health, net worth is a metric that can provide a better picture of your overall financial health at any point in time. Therefore, understanding and tracking your net worth over time is a

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