To gauge performance, you need to have net worth benchmarks. Otherwise, you have no idea whether you are outperforming or underperforming the masses.
Even if your net worth is up 10% one year, it may be not be so great if the S&P 500 is up 20% and you’re still young. At the end of the day, everything is relative in personal finance.
Net worth benchmarks will help you stay disciplined in growing your net worth over time. Further, net worth benchmarks will change as you age and have different financial objectives.