Financial Vital Signs: Net Worth By Age and How to Get There Without Flatlining

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Listen Money Matters

Careers, Business, Investing, Education

4.4 • 2.3K Ratings

🗓️ 26 August 2019

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. Full Article Here Show Notes Personal Capital - Track Your Net Worth Mint - Budget Like a Badass Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, I wanted to share something new I've been working on.
0:05.7	It's called Seeking Profit and it's a podcast where we talk about the second phase of my
0:10.2	personal finance journey building online businesses.
0:13.9	These businesses earn money while I sleep and have detached my time from my income.
0:19.2	Since 2013, I've generated millions in revenue with these websites.
0:24.2	I felt it was long overdue to create a show in Listen Money Matter Spirit that taught the
0:29.6	ins and outs of online business building.
0:31.6	This is my biggest passion and if you're interested in coming along for the ride,
0:35.7	just head over to SeekingProfitShow.com or search for Seeking Profit on YouTube or your favorite podcast app.
0:43.4	We're Seeking Profit!
0:50.1	Hey everybody, welcome to Listen Money Matters. Money can't buy happiness.
0:53.8	It is happiness. My name is Matt and I'm here as always with Andrew, Andrew, how are you and
0:58.8	what are you drinking? Dude, I'm good and I'm pumped because I'm pumped too, baby.
1:06.3	We're past the home day. Yeah, this is past some day.
1:09.5	It's Thursday. But I'm drinking a natural black house with coffee, coconut and cocoa.
1:15.0	And it even breaks down like the type of the beans. It says the gravity is 1.019,
1:21.6	which I think you know. But there's an SRM of 33, which I don't know at all what that means.
1:28.0	That's the color of the beer. Oh, okay. What does I be you mean?
1:31.9	International bittering units. 30. That's the number. So that's how bitter it is, which is low.
1:37.5	It's low bitterness. Yeah. And it's high CRM. So 30 is like dark.
1:43.8	Does I be you go up to 100? No, I mean, no.
1:47.5	Dockfishhead did a beer to 40 or something would be. No, so you're thinking of 120.
	...

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