What's Your Net Worth?

We shouldn't measure our "success" by measuring our net worth to others. Why? Because each person is different and unique. However there are times when it is useful to determine if we are "on track" with our asset accumulation.

Here is a nice article on what the typical American accumulates during their lifetime. 

Where do you fall in comparison? 

Are you ahead?  Then good for you!  Keep up the good work and enjoy the benefit!

Are you behind?  This can be a great stimulus for you to work to boost your savings for the future. 

How Does Your Net Worth Compare?

Note:  In this article, they use two different measurements of wealth. Here is a simple way to think of these numbers.  Average can be thought of a "typical" or "most common" number in the group.  Median is the number "in the middle" of the group, where half of the people in the group are below this number and half are above this number. 

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