EP163: How to Calculate Your Net Worth for Real Estate Investing

Book a call with our team: https://goo.gl/dezwHT

Recently, a listener asked how we balance our assets and liabilities. In our family, we track our net worth consistently. Doing so allows us to understand how our wealth is growing.

On this episode of Investing in Real Estate, Natali and I are discussing how we calculate and track our net worth. We’ll explain how you can add up your own assets and liabilities in order to tell a story of your personal finances. Please join us for episode 163!

More About This Show
Calculating your net worth is quite simple. You’ll begin by making a list of everything you own that is of value. Include your real estate investments, cash accounts, stocks, and 401k. Other assets could be college savings accounts, vehicles you own, and art. Include anything that is cash, or could be sold for cash.

You should also assess all of your liabilities. This includes all of your debts. Include the remaining balance on your mortgage and car loans, any credit card debt, a HELOC, etc.

Then you subtract your liabilities from your assets to determine your total net worth. Another way to think of this is if you were to sell everything you own and pay off all of your debts, your net worth is what you would have left.

On today’s show, we’ll discuss further the idea of calculating your net worth. We’ll share the spreadsheet we use, acceptable debt, and more. Don’t miss episode 163 of Investing in Real Estate!

If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family. 

On this episode you’ll learn:

  • How often should you calculate your net worth?
  • How do you calculate your debt to equity ratio?
  • How do you make financial decisions based on your net worth?
  • Why is net worth important?
  • And much more!

Episode Resources
How to Calculate Your Net Worth and Make It Fun!
EP141: Rich People Buy Assets
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel

Like Morris Invest on Facebook

How to find your net worth for real estate investing.