Tommy Sikes, Financial Planner
@TommySikes
John's answer is right on!
I'd just add that this is one are where most financial advisors fall short.
If you're trying to build wealth (which IS your net worth), can you measure it in an objective and ongoing way? And get data that is real, not "well, I think it's worth $xxxx..."
There are good software platforms available to do this easily and accurately. Most advisors only look at a piece, like the public investments.
If you're trying to lose weight, you better have a bathroom scale, right? So if you're trying to build wealth, you better have a good, accurate measurement!
John C Brandy, Financial Consultant (Hourly)
@brandyjc
Another one right in the wheelhouse! :)
This is all of your assets minus all of your debts.
You take investments, banks, personal property, the value of your house (selling price).
You subtract loans, mortgages, credit cards, etcetera.
The remaining amount is your net worth.
If you're interested, we should talk a bit (for free). I specialize in education and collaboration that includes the professional financial stuff done without the high cost. And I give customers the same professional tools that are usually limited to the yacht-owner crowd. Let me know!
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