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    What Millennials Need to Know About Net Worth

    1. Tonya@Budget and the Beach

      January 23rd, 2017 at 2:28 pm

      I think everyone of every age needs to know their net worth! 🙂

    2. Stefanie

      January 23rd, 2017 at 2:40 pm

      Absolutely!

    3. Natalie @ NatalieBacon.com

      January 23rd, 2017 at 7:57 pm

      There is power in knowing! I am a huge fan of knowing your net worth. It’s the full picture of your financial health.

    4. Stefanie

      January 24th, 2017 at 2:02 pm

      Yep. We can’t carve the path to where we want to go if we don’t know where we’re starting from.

    5. G

      January 25th, 2017 at 9:52 pm

      I am 31 and bought my first home few months ago..

      my assets – liabilities come to ~225k… guess I am ahead of the curve though i dont feel rich lol

    6. Stefanie

      January 25th, 2017 at 9:57 pm

      Ahead of the curve is great. Though unless you’re in the millions, it’s still a long road to rich. Though you seem to have the rich habits that are going to get you there, and that’s ultimately what matters!

    7. G

      January 25th, 2017 at 10:01 pm

      Thanks for your words !
      my parents got there in their 50s… I am trying to see if I can get there sooner… challenge makes life interesting

    8. Warren R

      January 26th, 2017 at 8:49 pm

      Hey Stefanie,
      Great post with helpful financial advice for generation as always. Are you more of a fan of younger Millennials (especially those singles who live in expensive cities) focusing on career, renting, and investing most of their extra $ in a diversified portfolio as opposed to buying real estate and considering that the biggest investing component of their net worth??

    9. Stefanie

      February 2nd, 2017 at 2:57 am

      It really depends on your goals. If you’re not committed to living in certain place for more than 5-7 years, I say rent. In expensive cities I’m not convinced buying is always the best option. So I say rent – guilt free 🙂

    10. David@MillennialPersonalFinance

      February 2nd, 2017 at 2:43 am

      Knowing net worth is so important! How can you make big financial decisions without it? It’s somewhat scary figuring it out at first, but it’s so important to know where your floor is at before you can climb up any higher.

    11. Stefanie

      February 2nd, 2017 at 2:53 am

      Agreed. You have to know where you are before you can figure out how to get where you want to go!

    12. Reduceri

      February 3rd, 2017 at 10:00 am

      Nice !

    13. Predictable Snowball

      March 13th, 2017 at 10:08 am

      When calculating your net worth its important to consider what assets you want to include. I dont think there is any reason to include assets that depreciate. Eventually your car will not be worth anything or you will trade it in for a liability (car loan) if you upgrade. Therefor i only keep assets on my net worth that appreciate like real estate. Also, i like the formula from the book “Millionaire Next Door” which uses the expected net worth formula… (your age X annual pre tax income)/10… i find this a good rule of thumb.

    14. Stefanie

      March 13th, 2017 at 10:12 am

      I include the current value of those assets (like a car) because I think about net worth as a present state of being. If I cash out everything right now, where do I stand? Though I totally understand and appreciate your point of view. It’s important to remember to factor in the depreciation of assets when tracking net worth over time.

    15. Dating and Money: How to Talk About Money In Your Relationship

      February 27th, 2018 at 8:23 am

      […] don’t have to reveal your net worth by the third date in order talk about your financial values some time before things get […]

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