Wealth Series 2.0 - Episode 3 - Assets and Your Net Worth

Tracking your assets and liabilities every month helps you understand your financial trajectory. In episode three of Wealth Series 2.0, Ben Kinney, Bob Stewart, and Chad Hyams explain the power of tracking your net worth and achieving your desired lifestyle.  Before you listen to the episode, download Win Make Give's FREE Net Worth Tracker at https://winmakegive.com/resources. Disclaimer: You should not use our advice to make financial decisions. We highly recommend you seek professional advice from someone authorized to provide investment and retirement advice. In this episode we cover the following: Defining an asset [1:05]   Different types of assets [2:19] How people become rich by owning assets [4:55] Truths about wealth building [6:07] Equities, stocks, bonds, securities [7:14] Fixed income assets [8:32] Cash or cash equivalents [9:19] Commodities [10:20] Real estate [10:57] All or part of a business [11:11] Insurance [11:23] Personal belongings, collectibles, art [11:38] Assets exercise [12:40] Net worth tracker exercise [15:44] How assets increase wealth over time [18:32] Income-generating assets [22:49] Liabilities exercise [28:24] Being accountable [33:00] Reflection exercise [34:50] Stats on net worth [35:23] How to increase your net worth [39:50] Resources discussed in this episode: Enroll in Wealth Series 2.0: https://WinMakeGive.com/wealth/ to receive all the workbooks and have the resources emailed to you directly Download the workbook and resources for Episode 2 at https://winmakegive.com/wealth-part-3/ Win Make Give's FREE Net Worth Tracker: https://winmakegive.com/resources The Power of the Net Worth Tracker: https://apple.co/3smZ0gt Win Make Give Facebook group: https://www.facebook.com/groups/WinMakeGive Connect with the hosts: Ben Kinney: https://www.BenKinney.com/ Bob Stewart: https://www.linkedin.com/in/activebob Chad Hyams: https://ChadHyams.com/ Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/ More ways to connect:  Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up Explore the Win Make Give Podcast Network: https://WinMakeGive.com/ Listen to Win Make Give Season 3 on YouTube: bit.ly/3pPEdAx ------ Part of the Win Make Give Podcast Network