Q1 2017 is already in the books. (What?!)
Money nerds know what time it is… It’s Net Worth Update Time!
This week’s challenge: Update your net worth. Don’t have one to update? Change that TODAY.
There are many different methods to track it, but one simple equation is all you need…
Assets – Debts = Net Worth
Add up all your assets on on side (cash, investments, real estate), and all your liabilities on the other (credit card debt, mortgages, loans) then subtract the two and BOOM – your net worth is revealed.
Here are a few popular ways to track it:
If you need a little inspiration, check out our article today on why bloggers share their net worths with the world, or head directly over to our Blogger Net Worth Tracker and start gawking.
Look for the person who is closest to your own to learn and connect with, and then move up the list a little higher to get motivated to push further! No one else needs to know where you stand, but it’s incredibly important that you do.
Question: Why do you track your net worth and what tool do you use?
– Derek, Master of Challenges
PS: See the results from last week’s challenge (Ditch Your Car).