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Episode 3021:
Understanding your net worth is a powerful tool for financial awareness. Jackie Beck breaks down how to calculate it, why it matters, and how tracking it over time can guide your financial decisions. Whether you're aiming to pay off debt or build wealth, knowing where you stand helps you set meaningful goals and measure progress.
Read along with the original article(s) here: https://www.jackiebeck.com/net-worth/
Quotes to ponder:
"Net Worth = Assets - Liabilities. It’s as simple as that, but understanding this equation can change how you approach your finances."
"You live your life, not anyone else’s, so paying attention to your money is key."
"Knowing where you are money-wise can help you pick what to focus on. That’s important if you want to reach your goals."
Episode references:
Tiller’s Spreadsheet: https://www.tillerhq.com/
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Optimal Finance Daily - Financial Independence and Money Advice