Olive Wallet – Your Net Worth is More Important Than Income

Net Worth

Your net worth is an effective measure of the health of your finances and an invaluable way to stay on track towards meeting both short-term and long-term financial goals. Net worth can give a holistic picture of your finances that is difficult to achieve through income alone. Financial expert Suze Orman states that “net worth is more important than income.” To determine your net worth, start by listing all your assets – such as money saved in savings accounts or possessions that hold significant value – followed by subtracting liabilities such as credit card debt and mortgage payments to get your final number and see whether you’re in the red or black.