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Keep track of your net worth from "summary" of Manage Your Money Like a F*cking Grown-Up by Sam Beckbessinger
Tracking your net worth is one of the most crucial aspects of managing your money like a grown-up. Your net worth is essentially the total value of everything you own, minus the total value of everything you owe. It gives you a clear picture of your financial health and helps you make informed decisions about your money. To calculate your net worth, start by listing down all your assets, such as savings, investments, and property. Be sure to include both liquid assets like cash and non-liquid assets like your car or home. Next, list down all your liabilities, such as credit card debt, student loans, and mortgage. Subtract your total liabilities from your total assets to get your net worth. Keeping track of your net worth regularly is essential because it allows you to see how your financial situation is progressing over time. By monitoring you...
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