What you own minus what you owe. I call it your financial GPS, but its better know as your "net worth" (a big name for something so simple.)

Net worth is what you own minus what you owe. You own what are called "assets" - like a house, a car, retirement savings, maybe even jewelry, and you owe what are called "liabilities" - like a mortgage, a car loan, a student loan or credit card debt. There are 3 simple steps to figuring it out.