487: How to Calculate Your Net Worth (And What To Do With It) by J.D. Roth of Get Rich Slowly

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Investing, Self-improvement, Education, Business

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🗓️ 9 January 2018

⏱️ 8 minutes

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Summary

J.D. Roth of Get Rich Slowly shares how to calculate your net worth and what to do with it. Episode 487: How to Calculate Your Net Worth (And What To Do With It) by J.D. Roth of Get Rich Slowly (Tracking Your Money). J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: http://www.getrichslowly.org/2018/01/02/net-worth Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:28.0	This is Optimal Finance Daily. Episode 487, how to calculate your net worth,
0:35.4	and what to do with it.
0:36.7	By J.D. Roth of Get Rich Slowly.org.
0:39.9	And I'm your narrator Dan.
0:41.0	I'm here each Monday through Friday, reading to you from some of the best
0:44.2	personal finance blogs on the planet.
0:46.8	With that, let's get right to today's post as we optimize your life.
0:55.0	How to calculate your net worth and what to do with it
0:58.0	by J.D. Roth of Get Rich Slowly.org
1:01.0	In the spirit of getting back to basics this month at Get Rich Slowly, I'm planning to publish a series of articles about the most important numbers in personal finance.
1:10.0	Let's start by looking at how to calculate your net worth.
1:13.0	To measure the value of business, companies talk about equity or book value.
1:18.0	Jargan, right?
1:19.0	In personal finance, equity is known as net worth.
1:22.0	It's exactly the same thing but on a personal
1:24.0	level. Your net worth is an important number because it reveals how much the
1:27.6	business of you is worth at the moment. Still clear as mud? Well maybe this
	...

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