In this final episode of their financial literacy foundation series, hosts Julien and Kiersten Saunders dive into the world of net worth—what it is, how it’s calculated and the savvy habits you need to boost it.
It’s time to debunk the myth that income is the primary measure of success and explain why net worth provides a more holistic picture of financial health. Get ready to level up your financial game and conquer the world of net worth like a pro!
Oftentimes, it’s not just about earning a high income, but also about managing your expenses, investments and debts wisely. Net worth is a moving target that fluctuates, so it’s not meant to be managed impulsively. It requires a strategic approach and a long-term mindset.
When all is said and done, the number one recommendation made is that in order to improve your net worth, you must reduce debt and increase income.
Kiersten urges listeners to ask themselves a crucial question before making any financial decisions: “Is this purchase moving me toward my financial goals, or is it keeping me in the same place?” It’s all about making intentional choices that align with your financial objectives and contribute to growing your net worth.
With careful planning, healthy financial habits and a long-term mindset, you can build a strong net worth that sets you up for financial success. It’s never too late to start, so why not take those small, manageable steps today and watch your net worth soar?
Mentions:
Personal Capital App/Website, now called Empower
Learn more at richandregular.com, purchase Cashing Out: Win the Wealth Game by Walking Away by Kiersten and Julien Saunders and follow on Instagram @richandregular. Support rich & Regular by sharing and rating it five stars on Apple Podcasts. Check out their video podcast Cashing Out on YouTube.
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