How important is net worth to you?

I calculate every 6 months or so. Helps remind me of where we're actually at and that our decisions to not buy expensive furniture or drive really expensive cars actually mean something.

I have a balance sheet that I have kept for years.

I watch year to year to see how things have changed. I own real estate and watched equity buildup/mortgage payoffs/debt load/stocks, etc.

Now that I am mostly retired, my objective is mostly cash flow.

It is an important figure in my opinion, but it depends if the worth is made of income producing assets or illiquid plots of land.

"not too hijack this thread...but do you consider equity in your home in your net worth? what about a vehicle that's paid off?"

Yes you do.

But, some (Rich Dad Poor Dad) people would consider a home a liability.

It's something I don't even think about. To me, it's all about generating "passive" revenue streams that are evergreen.

Right now I have rental properties, educational websites (material doesn't change) and now I am getting into dropshipping (e-commerce).

These are all businesses that require a lot of work on the front end, but once they are going, it takes very little effort to keep it alive.

I don't think I could even guess what my net worth is.

What would be examples of some of these milestones?

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How important is net worth to you?

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I'm concerned about my savings process and investment selections. My net worth falls where it may, but i just have to trust the process.

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dropshipping (e-commerce).

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Do you mean that you just order bulk items and sell them in smaller units?

Or selling shite on a personal website and having the manufacturer drop ship to a location, all the while picking up a commission on the sale.

Ya, they are part but in my head I keep them separate. Ideally, I'm not going to sell my home to fund my retirement, and that's all I care about. Having a boat load of money that directly influences my quality of life outside of the home after working. AKA being able to do whatever I want and take care of my needs.

So I suppose its Net Worth A and Net Worth B for me.

At 32, I've already decided working until 70 is for suckers if you don't really love what you're doing, or you work so your brain doesn't rot and you die. I'd much rather spend M-F exploring an outdoor market in SE Asia, not typing emails.

I've found that closely tracking my net worth is not particularly helpful and encourages my Scroogiest tendencies. I'm making a concerted effort to ignore it.