As we’ve talked about in the past, the best indicator to determine your current financial status is your net worth.
If you want to manage your money like the rich, worry more about your net worth than your salary. As professional athletes have taught us, just because you make a lot of money doesn’t mean that you’re on the right track to financial success.
By calculating your net worth, you’ll have a complete picture of your finances and know whether or not you’re going in the right (or wrong) direction.
But while it’s important to know your net worth, it may not be the best idea to track it everyday — even if account aggregators make it easy to do.
So, I want to know: how often do you calculate your net worth?
Answer the poll below and then let me know why in a comment.
About the author: Jason is the author of Automatic Finances: 17 Days to Your Financial Freedom, a guide to automated money management. He started investing thanks to a free lunch, and after finding out how he was getting the short end of the stick, he sought out how to do it right. More »