Ep. 14 - Networth… and chill yo
Welcome to another episode of "Your Everyday Rich" podcast. Why is it that we fascinate ourselves with the uber rich yet don’t give the time of a Netflix episode to figure out our own networth? In order to get to “Your Everyday Rich”, you kinda need to know where you stand with your networth before you start swimming.
Networth is the ultimate indicator of your financial health and measures your wealth's overall value. It's the macro picture of your financial landscape. 📸🫰
So why does it matter? Well, knowing your net worth empowers you to make informed financial decisions and sets a benchmark for achieving Your Everyday Rich life. It's like a GPS for your financial journey, helping you track progress along the way. 🚀
In this episode we chat about:
What are assets and liabilities
Appreciating and depreciating assets
Why it’s important to track your networth
Micro versus macro views
How to calculate networth
The simple formula to increasing your networth
Using buckets to visualize networth
The ultimate secret to supercharging your networthConnect with Jason and Jenn
Jason’s instagram (@mrjasonkao)
Jenn’s instagram (@jennfahh27)
Your Everyday Rich instagram (@youreverydayrich)
DM us or leave a comment to get exclusive access to our NETWORTH calculator! 📲📩⌨️
Apple: https://podcasts.apple.com/us/podcast/your-everyday-rich/id1676179014\
Spotify: https://open.spotify.com/show/1JHf9dfrh1xrQ8on5sPQIg
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Your Everyday Rich Podcast is presented solely for general informational, educational, and entertainment purposes . Any such information or other material referenced in this podcast should not be construed as legal, tax, investment, financial, or other advice. It is not intended as a substitute for the advice of a qualified professional.