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Reply to "What is net worth and why does it matter?"
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[quote=Anonymous]I think it's about working, and then having something to show for it at the end of your working life. Thanks to Mint, it's easy to see my net worth on a daily basis. I think it gives me comfort to know that our household has saved/invested, and now (in our late 40's) we have a nice cushion (something my parents did not have). It motivates you to save/invest further. We are excited to be able to leave a cushion for our kids when we are gone in the form of college tuition for our future grandchildren and we hope a down payment on a house. Net worth is probably not meaningful to you until you get around 40 years old (once you've had a chance to accumulate and enjoy the benefits of compounding). Before that, it may seem like you don't have much of a net worth, even if you have high salaries. As a PP said, it doesn't really matter what your salary or HHI is (as that can change in an instant). It's all about what you keep/invest/grow.[/quote]
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