No way in all heck is your value based on your valuables. At Future Women, we firmly believe money is only ever a tool for doing other cool and powerful stuff. Using how much money we have to measure ourselves is hardly a sophisticated mindset. But when it comes to setting your affairs in order, we know that having a target in mind is a terrific motivator. Something like, I want X in superannuation, X in the bank, X in my business and X in my liquor cabinet.
But in order to get where you’re going, it’s helpful to know where you are now. Your net worth is the difference between the total value of everything you own (assets), and the total value of all your debts (liabilities). It’s kind of a sum total figure of where your money situation is at. When that number changes, you can measure your financial progress over time.
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