When you are really into and good at your personal finances (like I am hoping I will be one day), people start throwing around the term Net Worth.

It’s a way of calculating where you stand financially at a point in time, adding up your assets and subtracting your debts.   I don’t want to put the cart before the horse here, I am still working on the monthly budget.  Baby Steps.  But I’m curious…

According to this calculator the median net worth for my age is $8,525.  The median Net Worth for our income is $301,475.  (Includes house values)

Our NET WORTH – +$112,000.

Figure out yours here and then compare yourself to net worth freaks.

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