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My bad for the late email! had to fly out to Connecticut this afternoon; but I’m at my hotel and making sure to send you guys a quick piece of advice!

DEFINITION
What’s Your Net Worth?

• We may have googled Taylor Swift’s net worth this past year. But lets find out your net worth!

• The formula is simple. Your net worth is what you own minus what you owe

• It’s the total value of all your assets—including your house, cars, investments and cash—minus your liabilities (things like credit card debt, student loans, and what you still owe on your mortgage).

PRACTICAL ADVICE
Calculate your net worth on this easy calculator

• The Ramsey Team actually put out this very simple NET WORTH CALCULATOR

• Why is knowing your net worth important?

  • Well in order to create plans for what you want to do with your finances, you have to know where you’re starting. This also gives you a hard look at how much debt you have, so you can work towards paying it off! Imagine not having to subtract anything from your assets. That would be beautiful.

OUR COMMUNITY
What are your questions? Or share a win!

• Reply to this email with any personal finance question you have, or share with me any wins in your life! (I’ll respond to your questions anonymously in future emails)