Your net worth and cash flow are important barometers of your financial wellness.

Your net worth is your current assets (what you own) minus your current liabilities (what you owe). Among other things, your assets include savings and investments and any property you own. Your liabilities may include housing-related debt, such as a mortgage or home equity loan; car loans; personal loans; and credit card balances.

If you owe more than you own, you have a negative net worth. If you own more than you owe, you have a positive net worth.