“Do you want to know how wealthy you are?” Depending on who I’m asking determines the reaction to this question.
You might be someone that’s excited to see the number. Then again, there’s a chance you know you need to make some financial changes and have decided the number might cause you anxiety.
Perhaps, a better question is…
“Do you want to build wealth?” Most people would answer “YES!” to this question.
In order to build wealth, you need data. The data is your starting place, which is understanding your net worth.
It’s really hard to create a wealth building plan without knowing where to start. That is where your net worth comes in and becomes a launching plan to help you increase wealth. If you want a road map to your wealth journey, you need a starting point.
Understanding your current net worth will stop you from taking in every wealth building strategy out there and narrow down on the ones that work for your current state.
In this episode, I…
Explain the three reasons why your net worth is important
Breakdown the formula for your net worth
Walk you through a case study to determine your net worth
Discuss how you can improve your net worth
