Total assets minus total liabilities = your net worth. Update annually to track progress.
Net worth = Total Assets − Total Liabilities. A positive net worth means you own more than you owe. Track it annually — the trend matters more than the number.
Age 30: ~1x annual salary | Age 40: ~3x | Age 50: ~6x | Age 60: ~10x. These are benchmarks, not rules — start where you are and improve consistently.