Dollars and Hops

001 | Why Net Worth? | Introduction to Dollars and Hops

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Episode #001:

First ever episode!  Lance and Scott introduce themselves and cast a vision for the podcast: help coach, motivate, and provide financial education to help others achieve financial success.

Hops (Craft Beer):

Lance:

Brewery: Edmunds Oast Brewery, Charleston, SC

Beer: The Dark Stuff  (Oatmeal Stout)

Scott:

Brewery: Slate Brewery, Whiteford, MD

Beer: Hawaiian Dream (Blonde Ale)

Content/Discussion:

What is Net Worth and why net worth?

Why you should track your net worth monthly/quarterly?

Using a google sheet and our net worth calculator to calculate your household net worth. (link below).

Action Step:

Do you know your net worth?

Calculate and track your net worth using our free tool - Net Worth Calculator

Useful Links mentioned on the podcast:

Net worth Calculator: https://docs.google.com/spreadsheets/d/1Hmdbc16iXlGp-_1LBkvsVgUMxZE5r38scNE-tL4edeA/edit

Instructions for use: (Must have a google account)

  1. Click the link - it will open the net worth calculator in view only
  2. Click the top left corner of the spreadsheet (to the left of column A and above Row 1) to select all.  Hold down control and press “C” to copy to clipboard
  3. Open a new google sheet from your personal account.
    1. Sign into gmail account
    2. Click google apps button in the top right hand corner, select drive
    3. Select New in the top left, select sheet
    4. While in the new spreadsheet, click cell A1 and hold down control and press “V.”
    5. The net worth calculator (and all formulas) will now be in your own spreadsheet. Be sure to rename the spreadsheet so it’s easily identifiable and save it in your personal finance folder.
    6. Edit the sheet to include your personal assets/liabilities to calculate your household net worth.
    7. Track your net worth each month (we recommend setting a recurring reminder in your calendar on the last day of each month).

      8. How to Money podcast link (referenced in the show):

      https://podcasts.apple.com/us/podcast/how-to-money/id1337718773

      Want your question answered on the podcast?  Email us at [email protected]

      Please feel free to leave us a rating and review on apple podcasts

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