Money Made Simple

MMS #3 | Net worth: why the heck is it important and how do I get rich?


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In this episode of Money Made Simple, we talk about how to get rich.  And no, we're not promoting some get-rich-quick scheme, we're talking about building sustainable wealth over the long-term. Spoiler alert: It's all about changing the way you think about money and your finances. AKA  focusing on your net worth vs. money in the bank.

This episode covers:

  • What we mean by net worth
  • How to calculate your own net worth (it's easier than you think!)
  • How thinking in this way can make you happier - and richer
  • The rule of 4% for financial independence
  • Practical steps you can take to increase your net worth 

One of our favourite resources sorted.org.nz, has a handy and simple-to-use net worth calculator:

https://sorted.org.nz/tools/net-worth-calculator

Our aim for this episode is to leave you with a better understanding around long-term wealth. You'll walk away knowing how to calculate your personal net worth, armed with practical ways in which you can start to increase it for a better financial future.

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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.

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Money Made SimpleBy Simplicity