|
Net Worth Explained + 3 Ratios to Show You If Youre on Track
What s your net worth And how do you know if it s any good It s not about comparing your net worth to others. It s about using 3 different ratios to see where you re at and where you need to be. As I mentioned in this video, the first calculation you need to make is your net worth: Net Worth Assets Liabilities You can do this very easily using one of my budget spreadsheets which come with video tutorials showing you how to do it: You can also download my FREE net worth cheat sheet here: Then, once you know your net worth, do the following ratios to see where you re at and if have some work to do to get in a better financial position. Basic Liquidity Ratio Liquid Assets, Monthly Expenses Liquid AssetstoTotal Assets Ratio Liquid Asset, Total Assets DebttoAssets Ratio Total Debts, Total Assets CHAPTERS 00:00 Introduction
|
|
