HOW TO CALCULATE YOUR NET WORTH

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I teach you how to calculate your net worth in this video. You don’t need a special Net Worth Calculator to do this. Understanding your net worth is important, but it may seem intimidating if you’ve never done it before. It is paramount to calculate and track your net worth because it is the same as tracking a diet with calories in and calories out. I made an easy to understand outline of this video below:

WHAT IS NET WORTH?
- Own vs. Owe. (Assets - Liabilities)
- Tracking your Net Worth is a good measure of financial health and it drives better financial decisions
- Tracking your food intake vs not (like a financial diet)
- Calculating your net worth is Important because it drives you to increase your assets and decrease your liabilities

HOW TO CALCULATE YOUR NET WORTH?
- Make a list of all your assets
Checking, savings, 401k, cash, car.
- Make a list of all your debts
Credit card balances, personal loans, student loans, mortgages, auto loans, etc.

WHAT IF MY NET WORTH IS NEGATIVE?
- Young in life (student loans)
- Middle Life (mortgage)
- Overborrower (simply can’t stop spending)

HOW OFTEN SHOULD I CALCULATE NET WORTH?
- Some do it monthly
- I recommend quarterly because not that many changes are happening so often

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// R E S O U R C E S

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// F O L L O W

▸ Instagram | @whiteboardfinance
▸ Twitter | @whiteboardfin
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// A B O U T

My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

Subscribe if you are interested in:
- Personal Finance
- Stock Market Investing
- Real Estate Investing
- Entrepreneurship

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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*QOTD: Are you happy with where your net worth is at? If not, why? What do you plan to do about it? Comment Below* 👇👇

WhiteBoardFinance

I'm 21 years old. Currently going through a financial crisis, I haven't been more obsessed with learning how to become wealthy .. and you take me back to the the key basic of finances . Your videos are informative and straight forward keep making videos I'm very motivated and determined to get my wallet fat ✨ thank you 💎

luhcow

I am pretty happy with my net worth. Granted that it is in the negative due to student loans and that my cashflow is positive, soon my net worth will be in the positive. Thanks for helping me calculating my net worth!

orestdany

Your videos keep getting better and better! Great video man!!

zlatigol

Going over all/most of your old videos. So, did you end up showing your then networth tot anyone? :p

shikhapanwar

Increasing assets and decreasing liabilities makes sense. 👍

Donnieburger

Learn something new thank you Marco for the explanation well done 👍🏽

fuzzer

Net Worth is the "Retained Earnings" of personal finance :)

MoneyandLifeTV

I am very happy with my current net worth! I think this is a great metric for checking the overall health of your finances!
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