I recently read an article from a financial planner stating that net worth is your most important financial number. As a reminder, your net worth is what’s left over after you subtract your total liabilities (loans, debts, etc.) from your total assets (home, car, investments, etc.).
In fact, if you’re curious how your personal net worth stacks up against others in your age group, here’s a January, 2015, article from the Motley Fool that you may find interesting.
And while I think net worth is indeed an important number, I disagree that it’s your most important financial planning number.
I believe the most important personal finance number is your “MDI.”