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Finance Flash Go! Episode #66: Calculating Your Net Worth

Today on the Finance Flash Go! podcast, I’ll share how to calculate your net worth.

Listen to the full episode and subscribe here!

Net worth is the scorecard of financial well-being, security, and ultimately independence. You want to increase your net worth every day.

net worth

To review, net worth is equal to all of your assets added up subtracted by all of your liabilities added up.

In the way of definitions, assets are things that put money in your pocket. A cash-flowing real estate investment property is an asset. A liability is anything that takes money out of your pocket. A brand new luxury car that depreciates 10% when you drive it off the lot is a liability.

Without keeping score, we have no idea how we are doing financially.

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I really hope that you all enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected].

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    Jordan Frey MD, a plastic surgeon in Buffalo, NY, is one of the fastest-growing physician finance bloggers in the world. See how he went from financially clueless to increasing his net worth by $1M in 1 year and how you can do the same! Feel free to send Jordan a message at [email protected].

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