Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It is the single most important number in personal finance — a snapshot of your overall financial health. Positive net worth means you own more than you owe.
What is a good net worth by age?
A common benchmark: by 30, have 1x your annual salary saved; by 40, 3x; by 50, 6x; by 60, 8x. These are guidelines only — your goals, lifestyle, and country matter more than benchmarks.