The start of a new year is a great time to re-evaluate your current financial situation and begin to implement some changes that will have a big impact on your overall financial picture. Some people love New Year’s Resolutions, and others hate them. Regardless of whether or not you create resolutions, there are a lot…
Building wealth and achieving true financial freedom is a primary goal for a lot of people. And yet, it seems that very few are actually making this goal a reality. Whether you find yourself frequently struggling to save money and stuck in an endless cycle of financial hardships or you’re financially comfortable but are looking…
Most people have heard of the term net worth, and many also have a good understanding of what it means. Net worth is quite simple; the total amount of an individual’s assets, including any cash, minus the total amount of their liabilities or what they owe. So, net worth is the value by which a…
There are various reasons that you might be interested in finding out the estimated value of your home. Perhaps you’re looking to sell in the near future, maybe you’re considering refinancing, maybe you’re calculating your net worth, or you might simply want to know how the value of your home has changed since you purchased…
Most of us have come across the concept of net worth in some context. More than likely, it’s been in reference to some celebrity and their net worth of a million or even a billion dollars. For the majority of us, these figures are unfathomable. However, net worth is commonly misunderstood and can be misleading….
Net worth is one of the most common ways of measuring your overall financial situation. If you’re looking to build wealth, you should be tracking your net worth. Contrary to what you might think, net worth tracking isn’t just for millionaires. Your net worth is a good overall gauge of your financial health and it…
Do you have enough retirement income to last through your golden years? Understanding how your nest egg compares to the average retirement income can help you plan and save better, to ensure you’re comfortable, secure and happy after retirement. Average Retirement Income: Mean vs. Median, Other Factors Before comparing the average earnings of other retirees…
There are a lot of different numbers and metrics involved in personal finance. Income, net worth, savings rate, credit score, and many others. While they all have a place, net worth is often overlooked and not emphasized. But really, in terms of finances, what matters more than net worth? Tracking your net worth is easy,…
How much money do you make? I’m guessing you can probably answer that question pretty easily, either in terms of an hourly wage, average monthly income, or annual salary. Just about everyone knows how much they make, but most people don’t know their net worth. Your net worth is a simple measurement of where you…