Your Net Worth

Increasing your net worth is important to not only boost your credit but also to see a snapshot of how strong you stand financially. It is sort of a personal balance sheet just for you. To understand your net worth you must understand your assets and liabilities. Or simply put "What You Own vs. What You Owe."


Check out this quick video to understand net worth and how to build it.



Key Takeaways
  • What you have in your checking & savings account is not an accurate picture of your net worth

  • Holding cash while making minimum payments on debt increases how expensive that debt is

  • Investing may be a better option than having a "fat" bank account

  • Getting education on investing can reduce the fear of making your money work harder to increase your net worth

  • Calculate your net worth every quarter

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©2007 Biddles Investment Group, LLC

**DISCLOSURE & DISCLAIMER:  Biddles Investment Group, LLC and www.TeamBiddles.com is a research and educational resource with opinion, investment experience, and raging passion to assist in providing financial resources, tools, and education to empower individuals to better manage finances, build financial confidence, and make informed financial decisions.  

 

The ideas and strategies presented should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. We are not a broker/dealer nor an investment adviser, the information presented is intended to be used and must be used for informational purposes only.  Biddles Investment Group, LLC and TeamBiddles.com Company