Your net worth is the single best number to track your financial progress. Add up what you own, subtract what you owe.
Income is what you earn this year — net worth is what you actually have. This free net worth calculator adds up everything you own (cash, investments, home, retirement accounts) and subtracts everything you owe (mortgage, student loans, credit cards, car loans). Checking your net worth once a year is the best way to know if you're actually making financial progress — or just earning and spending.
Income is what you earn in a year; net worth is what you actually have. Two people making the same salary can have wildly different net worth depending on spending, saving, and investing habits.
Check it once a year. If it's going up, you're on the right track. If it's flat or dropping, it's time to adjust.