Calculate your net worth by adding up everything you own and subtracting everything you owe. See your total assets, liabilities, debt-to-asset ratio, and liquid net worth.
Net worth is the single clearest snapshot of your financial health. It's everything you own (assets) minus everything you owe (liabilities). A positive and growing net worth means you're building wealth; a negative number means your debts outweigh your assets, which is common early in life when student loans or a new mortgage dominate.
Total net worth includes illiquid assets like your home and cars. Liquid net worth strips those out to show what you could access quickly in an emergency — your cash, investments, and retirement accounts minus your debts. Tracking both over time is the best way to measure real financial progress, far more useful than income alone.