How and Why to Track Your Net Worth

Your net worth statement is the single most important financial document you'll ever create. In this video we talk about why it's so important, how to create a net worth statement, and some free tools to help you track your net worth.

Article: https://robberger.com/how-and-why-to-track-your-net-worth/?utm_source=youtube&utm_medium=yt48&utm_campaign=net%20worth%20video

Resources mentioned in this video:

✅ Personal Capital: https://robberger.com/go/personal-capital/yt-48
✅ Free Net Worth Spreadsheet: https://www.moneyunder30.com/net-worth-spreadsheet

0:00 Introduction to tracking your net worth
1:42 What is a net worth statement (balance sheet)?
3:13 Net worth vs budget
4:23 Apple's balance sheet and income statement
9:02 How to visualize a net worth statement and budget
14:07 What to track in your net worth statement
16:19 How public companies capitalize and depreciate assets
20:06 How to track your net worth
22:57 How dividends affect our net worth
27:34 Why a net worth statement is so important

TOOLS & BOOKS I LOVE

📚 My Book (of course): https://amzn.to/3by10EE
💡 Personal Capital: https://go.robberger.com/empower/yt-

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.