DON'T KNOW
Net worth is a simple sum of all your assets like your money, house and cars MINUS all your liabilities like debts, mortgage and money owed. The final figure of the positive or negative difference between your assets and liabilities is your net worth.
Most people like the idea of having more money.
Most people don't know what their net worth is.
Most people do not have a simple system to keep track of their net worth.
The best way to grow your finances is in a slow, structured and diversified manner. In order to grow something, you have to track it. Even if you have no money in the bank and mounting debts you must use something like our free net worth spreadsheet so you can begin improving your situation.
Our spreadsheet has a couple of simple sheets to calculate your total assets and total liabilities and then display a live net worth figure including movements from any fluctuating investment assets.
Never give your money to anyone else to manage or invest. Take control of your finances, learn how to invest yourself and start building lots of small pots.
i now know