4.6 • 1.8K Ratings
🗓️ 19 December 2007
⏱️ 5 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Hello and |
0:05.0 | welcome to Moneygirls quick and dirty tips for a richer life. |
0:11.0 | Today's topic, your net worth and your cash flow. |
0:15.0 | Happy holidays everyone. |
0:18.0 | The end of the year is almost here |
0:20.0 | and it's a good time to take a quick inventory to see how you're doing financially. |
0:25.0 | Reviewing your finances at the end of the year is a great way to get ready to set financial goals for the year ahead. |
0:31.0 | Now planning your financial future is a lot like planning a road trip. |
0:35.2 | To plan a road trip you first need to know where you're starting from. The same thing |
0:39.9 | goes for your financial future. To plan where you're going financially, you first |
0:44.2 | need to have a clear picture of where you are now. And that's what taking a |
0:48.8 | financial inventory is all about, knowing where you are today. |
0:53.2 | If you haven't taken a financial inventory before, |
0:56.1 | here's how to do it. |
0:58.0 | There are two fundamental components of financial health, |
1:01.4 | your net worth and your cash flow. |
1:03.9 | Calculating your net worth is the best way to get a quick read |
1:07.9 | on your financial health. |
1:09.4 | Your net worth is simply your assets minus your debts. |
1:13.2 | To calculate it, add up the value of all the assets you now own, including cash, stocks, bonds, |
1:19.6 | retirement accounts, the value of your home and investment real estate, the value of any |
1:24.9 | businesses you own, and the approximate value of your stuff, like your car, your furniture, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Macmillan Holdings, LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Macmillan Holdings, LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.