Knowing your personal net worth is one of the most important aspects of personal finance. It's one of the best indicators we have to know if we are on target to meet our goals. Whether you want to be debt-free, buy a home, pay for college for your children, or to retire you need to be on target.
Your net worth is a way to see what is holding us back. It's a very strong indicator of your overall financial health.
Figuring out your net worth is easy. Add up the total value of all of your assets. Add up the total value of all of your debts. Now subtract the assets from the debts. You might have a positive net worth or a negative one.
Not really into math? We hear you.
We know someone who will do the math for you for free. Personal Capital will give you a complete picture of your net worth, compare yourself to others average net worth in your age or income bracket and track progress towards your goals.
They also do a ton of other things for free like track your spending, analyze fees, investment checkups, and help your retirement plan. You can thank us later.
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Show Notes
Personal Capital - Track Your Net Worth
Mint - Budget Like a Badass
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Financial Vital Signs: Net Worth By Age and How to Get There Without Flatlining | Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance. podcast - Listen or read transcript on Metacast
