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Reply to "What is net worth and why does it matter?"
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[quote=Anonymous][quote=Anonymous]When you talk about your finances, do you think purely in net worth or something else? Why is net worth a measuring stick of wealth?[/quote] I have no idea what mine is. I have a vague idea. We invest via direct deposit each month, I've faithfully been maxing out my 401k since age 22 , have backdoor roths, and have 2 investment properties. I know I will have enough to retire, send my kids to college, and leave some money behind when I die. As far as knowing my net worth? No. I go over these things on an annual basis when we meet with our CPA to do taxes.[/quote]
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