How to Calculate Your Net Worth and Why It Matters | Pocket Byte #28

17/07/2025 5 min Episodio 39
How to Calculate Your Net Worth and Why It Matters | Pocket Byte #28

Listen "How to Calculate Your Net Worth and Why It Matters | Pocket Byte #28"

Episode Synopsis

In this quick episode of The Wealth Effect, we break down the concept of net worth, not as a buzzword, but as your personal financial GPS. Too often, people confuse income with wealth. But real wealth is measured by what you keep, not just what you earn.
We’ll explore:

What net worth truly is and why it matters


The simple formula to calculate it (and why most people avoid it)


How understanding your net worth can change your relationship with money


Why tracking it over time is more important than any single number



Whether you're just starting out or already investing, knowing your net worth is your first step to building intentional, lasting wealth.