Financial Planning For Couples: What Are You Worth?

Couples become financially secure by building their net worth. Net worth is calculated by subtracting your liabilities (what you owe) from your assets (what you own). It is a snapshot of where you currently stand. There are lots of net worth calculators online, such...

Net Worth Update: 2016 Year-End Review

I like to use the week between Christmas and the new year to take stock of my personal finances, reflect on the year that was, and plan out my goals for next year. I’ve already shared my 2017 financial goals, so now it’s time to update my net worth statement. As you...

The Right Way To Calculate Net Worth

It’s normal to compare your financial situation with others to see how your finances measure up. Indeed, if you’ve ever calculated your net worth, or even tracked your spending, you probably enjoy reading other net worth reports and spending journals. The problem with...

Net Worth Update: 2015 Year-End Review

With 2015 wrapping up I wanted to take the time to update my net worth statement and check in on my financial progress. It’s another year down and another year closer to achieving my goal of becoming a millionaire by 41, and reaching financial freedom by 2025. Even...

Net Worth Update: 2015 Mid-Year Review

I like to take a snapshot of my financial situation every six months to review my progress and make sure I’m on track to reach my goals. I want to be a millionaire by the end of 2021 – the year I turn 41 – and become financial free by 2025. That’s the dream, anyway....

Comparing Your Net Worth

Do you ever wonder what others are doing with their finances and where they stand? My usual, rather pessimistic, thought is that I’m not doing nearly as well as my peers. I came across this calculator on CNN Money that gave a median net worth comparison for income and...

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