Some say Net Worth is a GOOD number to track in order to determine whether you are making financial progress. Others say it’s the ONLY number to track.
What is net worth ?
Net worth (also generally referred to as wealth) is one measure of an individual’s material well-being or financial success, calculated by the amount by which assets exceed liabilities or debt. And yes; it's possible to have a negative number especially for young professionals with student debt; don't despair.
Assets – Liabilities = Net Worth
Why does it matter?