Assets minus liabilities equals your net worth. Find out where you stand today.
Net worth is the most comprehensive snapshot of your financial health. It tells you where you stand today — and when tracked over time, it shows whether you're moving in the right direction. Most financial experts recommend calculating your net worth at least once a year.
Not all assets are equal. Cash and investment accounts are liquid (easily converted to cash). Your home and car are illiquid — valuable, but you can't spend them without selling. A healthy financial picture includes enough liquid assets to cover 3–6 months of expenses as an emergency fund.
For informational and educational purposes only. Not financial advice.