Big or Small, Financial Experts Say It’s Important to Know Your Net Worth

Big or Small, Financial Experts Say It’s Important to Know Your Net Worth
A magnifying glass enlarges the holographic image of Parliament Hill's Peace Tower on a 20 dollar bill issued by the Bank of Canada, shown in a display case at the Bank of Canada Museum in Ottawa, on Sept. 4, 2024. The Canadian Press/Justin Tang
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To someone who doesn’t have a lot of assets, knowing their net worth might seem pointless, but experts say it’s an important indicator of financial health, no matter how big or small the number.

“At the end of the day, it’s not about how many zeros you have, it’s really about whether the net worth you have reflects that you’re on track toward your financial goals,” said Brenda Hiscock, a certified financial planner at Objective Financial Partners.