.png)
Plain English Finance
The Plain English Finance podcast is hosted by Tré Bynoe CFP® CIM®, a financial planner with TCU Wealth Management and Aviso Wealth.
While Tré specializes in working with families with more complicated finances, typically involving corporations and trusts, this podcast is for anyone wanting to learn how to make high-quality decisions based on evidence, to give themselves the highest likelihood of financial success.
You should always consult with your financial, legal, and tax advisors before making changes.
This podcast is provided as a general source of information and should not be considered personal investment advice or solicitation to buy or sell any securities.
The views expressed are those of the individual and are not necessarily those of Aviso Financial Inc.
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
Plain English Finance
Ep. 6 | Why You Should Track Your Net Worth
Ever wondered why tracking your net worth is essential for your financial health? In this episode, we break down exactly what net worth means, clearly defining your assets and liabilities. We'll explore practical reasons why regularly monitoring your net worth can significantly enhance your financial decision-making, confidence, and goal-setting. Plus, we provide a simple, step-by-step calculation (linked below) to empower you to easily determine your own net worth today.
Key points:
- What is net worth, and why does it matter?
- Understanding assets vs. liabilities
- The top reasons to consistently track your net worth
- An easy calculation method to figure out yours: Target Net Worth = [Your Age − 25] ∗ [1/5th ∗ Gross Annual Income]
Ready to find out your net worth? Hit play now.
Don't forget to subscribe and leave a review if you found this episode helpful.
Find your car value: https://www.vmrcanada.com/
