Definition

Net worth is the total value of what you own (assets) minus what you owe (liabilities). It’s the simplest way to measure your overall financial health. A positive net worth means you own more than you owe, while a negative net worth means debt is outweighing your assets.

Tips to Increase Your Net Worth:

1️⃣ Boost Your Income – Negotiate a raise, start a side hustle, or invest in skills that increase your earning potential.
2️⃣ Reduce Debt – Pay off high-interest loans and avoid unnecessary credit card debt.
3️⃣ Invest Wisely – Grow your wealth by investing in stocks, real estate, or retirement accounts.
4️⃣ Spend Smartly – Cut unnecessary expenses and redirect savings toward assets that appreciate.
5️⃣ Automate Savings – Set up automatic transfers to your investment and savings accounts to build wealth effortlessly.

Little-Known Fact

Did you know? If Jeff Bezos lost 99% of his wealth, he would still be a billionaire. That’s the power of massive net worth!

Action Step

Take 5 minutes today to calculate your net worth! Simply list your assets (cash, investments, real estate, etc.) and liabilities (debts, loans, credit cards). Use this formula:
Net Worth = Assets – Liabilities