Building a positive net worth is possible for everyone. And as they say in business: if you can't measure it, you can't manage it. It's time to get clear on your financial picture by measuring your net worth. Today, Amber shares the benefits of tracking your net worth along with strategies for growing assets and reducing liabilities to increase your net worth.

The episode includes a free Net Worth Tracker (available here!) and tips on organizing your finances for effective management.

-------------------------

In today's episode, we cover the following:

• How to access your free Net Worth Tracker (2:22)
• What is a net worth? (And what is fat FIRE?) (3:38)
• High net worth and ultra-high-net-worth people (9:11)
• Anxieties around tracking your net worth (12:30)
• How to navigate the tracker (16:32)
• Tracking your investment accounts and any equity value on real estate you might have (20:43)
• Tips for business owners: valuing your company for your net worth (22:17)
• How does marriage affect your net worth? (24:13)
• The liabilities category in the net worth tracker (24:48)
• How you can increase your net worth (31:28)

----------------------------

RESOURCES

• Download your free Net Worth Tracker
• Episode 003: Financial Fight or Flight is Ruining Your Life
• Episode 005: Afford Everything You Want

----------------------------

Today's episode is brought to you by Emily Stead of ByMethod Financial Collective—get on the road to wealth with strategy and expertise. Schedule your consultation today (and don't forget to mention you found her through this podcast!).

----------------------------

Connect with the Old Money Podcast:

Web: OldMoneyPodcast.com

Email: [email protected]

Instagram: @OldMoneyPodcast

TikTok: @OldMoneyPodcast

----------------------------

Copyright (c) Old Money 2024.

The content presented in this podcast is intended to entertain, educate, inspire and support listeners in their personal and professional development and does not constitute business, financial, or legal advice. Please note that this episode may contain paid endorsements and advertisements for products and services for which individuals on the show may have a direct or indirect financial interest in products or services related to the episode.

Produced by AFMEDIA, a division of AFMKTG