Worth It

102: Net Worth is King

Informações:

Sinopse

We talk about fear a lot on our podcast. Fear is natural and, TBH, necessary. But when it comes to finances, three types of fear tends to hold us back: from investing, from charging clients what we’re worth, or from taking chances when building a business. Fear can also make you focus on the wrong thing when it comes to your net worth. Paying down debt rather than building up your assets, to be specific. And that’s what we discuss in this week’s episode: where our fear of the “debt boogeyman” comes from, our three-step strategy on how to overcome it, and what part of your finances you should be focusing on instead.  WHAT YOU’LL LEARN [00:46] The first of our Nine Commandments [01:25] What is your net worth? [01:54] Debt vs. assets: which should you focus on more? [04:01] How we got inspiration for this episode [09:38] Why the Dave Ramsey way of looking at debt is problematic [10:54] The types of assets you need [13:41] Where did Millennial “fear of debt” come from? [16:15] How to change your de