Stop Calculating Your Net Worth For Financial Independence!

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Your net worth is one of the cornerstone personal finance metrics to keep track of, especially if you want to become financially independent and retire early. However, it is not the most important metric for determining whether or not you are ready to retire. There is a number that is much more important for answering the question "Am I ready to retire?" or "Am I financially independent?". This video will help explain why net worth is not always the best indicator for financial independence, and what number you should be looking at instead!

Watch my other video on how to track your way to F.I.R.E!

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This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Before making financial and legal decisions, consult financial and legal professionals licensed in your jurisdiction. Some links provided may be part of an affiliate advertising program designed to provide a means of compensation for referring traffic and business to other companies.
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Watch my other video on how to track your way to F.I.R.E!

OnCashFlow
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I was looking at networth as fire number. This video has made me reevaluate...thank you

rda
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Such a great video topic! I think this is a blind spot for so many of us on the path to FIRE. 👍

ShannonReed
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I include my home equity in my networth for fire because i plan on selling the home in the next 5 to 7 years and will turn the cash into stocks and bonds

jofieraymond