How to Calculate Your Net Worth and Why It Matters | Pocket Byte #28
Update: 2025-07-17
Description
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.
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