004 | 5 Steps to Calculating and Tracking Your Net Worth (And Why It Matters)

Take the time to figure out your net worth by calculating your assets and liabilities so you know where you're starting from on your journey to FI. However, even if your net worth is currently a negative number, don't worry! Use it as motivation to get that number back into the black.  Once you've calculated your net worth, decide how you're going to start tracking your net worth over time. It is very encouraging and fun to see this number increase steadily! I recommend and use the free tool called Empower (formerly called Personal Capital). Sign up here to receive $20 if you qualify. Happy net worth tracking!   View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI: pathefiway.com  Are you just beginning your journey to financial independence and don't know where to start? Download your FREE copy of the PA the FI Way Beginner’s Workbook here! Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway Prefer to pin the posts that you found informative? Follow along on Pinterest: https://www.pinterest.com/pathefiway  Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/ Join the private Facebook group only for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway  Like the Facebook page to follow along: https://www.facebook.com/pathefiway