How and Why You Should Track Your Net Worth (Plus The Exact Net Worth Tracking Tool I Use to Make it Effortless!)

The Personal Finance Podcast

Andrew Giancola

Business, Entrepreneurship, Investing

4.7 • 1.4K Ratings

🗓️ 14 April 2021

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

049 How and Why You Should Track Your Net Worth Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a response from me. Personal Capital Free Net Worth Tracking Tool! CIT BANK (Best Savings Account) 9 convincing reasons you should track your net worth The free tools I use to track my net worth effortlessly The power of your net worth Why it matters more than almost anything Net worth on Budgets are Sexy Check out all the Stuff I Recommend! M1 Finance Best Place to Invest Personal Capital Free Wealth Management and Budget App CIT BANK (Best Savings Account) ** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. Check us out on social fam! Twitter Dollar After Dollar Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	On this episode of the Personal Finance Podcast,
0:03.2	we're going to talk about how you can track your net worth. What's up everybody and welcome to the personal finance podcast? I'm your
0:27.5	host and the founder of Dollar After Dollar.com and today on the personal finance podcast we're going to be talking about one of the most
0:36.2	important things in your personal finances and it's how to calculate your net worth.
0:41.2	If you have any questions at all about this episode, hit me up on
0:44.6	Instagram at dollar A F T R dollar. You can hit me up with a DM, you can leave a
0:50.9	question in the comments, whatever you want there and if you are
0:55.0	listening to this podcast and getting value out of this podcast leave me a
1:00.0	five star review on Apple Podcast.
1:02.8	I don't ask for that enough, but that really helps the show out.
1:07.2	Now, if you've never calculated your net worth before,
1:09.6	it's an extremely important metric to understand, because what your net worth is is actually the scorecard
1:16.0	that you're going to be utilizing that allows you to understand exactly where you are with your money
1:20.8	because a lot of people think they're in a much better
1:22.7	financial situation than they are and then all of a sudden they start tracking their
1:26.1	net worth and they're like oh shoot I need to really get my financial situation in order.
1:31.3	And what the net worth does is it motivates you to grow it.
1:35.1	And it's extremely extremely important for every single person who wants to build
1:40.6	wealth to track. It's where you stand financially. It's indicative of where your
1:45.5	financial position is and how much money you make and how much money you keep. Now, calculating
1:50.9	your net worth is extremely simple
1:52.7	processes. It's extremely simple math. You just need to have some
	...

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