10 Reasons to Know Your Net Worth
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 8 September 2021
⏱️ 12 minutes
🧾️ Download transcript
Summary
Learn 10 reasons why you need to know your net worth.
The article is here.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!
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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 928. |
| 0:02.8 | I'm gonna live no rich life. |
| 0:06.8 | Rich life. |
| 0:07.8 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.6 | yeah I'm full of bed time I'm gonna live a good life |
| 0:20.1 | I'm gonna live the good life |
| 0:21.1 | a beautiful and glorious like Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthyy and Smart. |
| 0:34.1 | And now here's your host, Linda P. Jones. |
| 0:38.1 | Welcome to Be Wealthy and Smart. |
| 0:39.4 | I'm Linda P. Jones, America's Wealth Mentor, Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.0 | On today's show, we're going to talk about 10 reasons you need to know your net worth. |
| 0:50.1 | This is something that I think is really important. |
| 0:52.8 | And it's a habit that I've had for many decades. |
| 0:56.3 | And that is to calculate my net worth on New Year's Day, |
| 1:00.7 | every year, so that I can compare my net worth to my past and see if there's been |
| 1:06.8 | improvement hopefully there has and usually there is but sometimes we have years |
| 1:11.6 | like 2008 and 9 where everything seems to be going down |
| 1:16.2 | from the value of your house to the stock market and so those things can't be helped. |
| 1:21.3 | But in a normal year when things are going well and |
| 1:24.2 | housing prices are up, the stock market prices are up, we should be able to see |
| 1:29.2 | our net worth improve year to year. So this article comes to us from Go Banking |
... |
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