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Money Guy Show

3 Ways to Increase Your Net Worth in 2022

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 10 December 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

Increasing your net worth is simple, right? You just need to increase your assets or decrease your liabilities, and voilà! But there's a lot more that goes into it than that, and in this episode we'll discuss how to grow your net worth faster than your peers, pitfalls to watch out for, and how to increase your net worth in 2022! Check out our website for more information. Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Three ways to increase your net worth.

0:03.7

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:10.6

investing, taxing.

0:12.6

You've got financial questions, he's got financial answers.

0:16.2

It's Brian Preston, the money guy.

0:19.8

Brian, I am so excited about this show, maybe more excited about this show than any other,

0:25.5

but because today we're going to talk about one of our absolute most favorite things in the

0:30.3

whole entire world.

0:31.3

You could call it a family tradition.

0:32.7

It is a family tradition.

0:33.7

We definitely enjoy the just updating, putting the assets in, the liabilities, seeing what's

0:40.3

changed in the net worth statement.

0:42.3

This is going to be pretty powerful stuff because if you've wondered how do I turn on the

0:46.8

engine to actually start creating wealth and how do I have measurable instances to know

0:52.0

how well I'm doing or where I'm struggling, this is going to be your hookup.

0:57.0

We're going to take it even a step further.

0:58.2

We now have a tool available that you can use to make this a tradition that you get to

1:03.9

do every single year.

1:04.9

You can go check it out at learn.moneyguide.com.

1:08.4

Brian, I think it's really interesting.

1:11.2

To understand net worth and what that is and how it works, you really have to understand

1:16.0

a very simple equation that you many, many, many, many, many years ago when you went to

...

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