The Healthy Money Planner:
Your Net Worth is an overall assessment of how "healthy" your finances are - this is not just for the likes of Beyoncé!!
Why track this?
When you first do this exercise, you may find out that your net worth is negative, or very small. Our aim is to grow our net worth because this is how we know when we have reached the stage of independence or not.
It is a way to stay motivated and to track how well you are doing!
I track mine monthly, but you could do it 6/12 monthly - it's up to you.
The video will show you how to calculate this. You have already totalled your debts. Now do the same for your assets, then use the graph page to track and bring it all together.
Assets - Liabilities = Net Worth
“You can waste your lives drawing lines. Or you can live your life crossing them.” – Shonda Rhimes