Advice | Not rich? Take this quiz to see how to build your wealth.

Not many Americans know their net worth. That’s understandable, given our propensity to measure financial success by how much we earn.

A recent report by The Washington Post found that the middle half of Americans have a net worth between $27,000 and $659,000. And roughly 1 in 12 U.S. households have a negative net worth, meaning they owe more than they own.

[Get advice and financial news with the Color of Money, our revamped newsletter. Sign up today.]

So, what does it take to achieve legacy-lasting prosperity?

It starts with calculating your net worth. Once you work out this simple equation — assets (such as savings, investments, current market value of your home) minus liabilities (mortgage, student loans, credit card debt, etc.) — you can focus on making that bottom-line number grow. Take this quiz to learn how.

Question 1 of 6

1. What kinds of savings accounts do you have?

About this story

Design and development by Kathleen Rudell-Brooks. Editing by Robbie Olivas DiMesio, Karly Domb Sadof, Christine Ashack, Rivan Stinson and Maite Fernández Simon. Copy editing by Feroze Dhanoa.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *