Net Worth is just one factor in financial health. Cash flow and asset mix to me are just as important.
Doesn't really matter if you are 59 and zero net worth if you have a pension plus social security which covers all your expenses with plenty left over (I'm sure my uncle is one of those zero net worth people, but he had a mill job which is paying him a good pension) My mom on the other hand is asset rich, cash poor.
Doesn't really matter if you are 59 and zero net worth if you have a pension plus social security which covers all your expenses with plenty left over (I'm sure my uncle is one of those zero net worth people, but he had a mill job which is paying him a good pension) My mom on the other hand is asset rich, cash poor.