MMS #3 | Net worth: why the heck is it important and how do I get rich?
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Description
In this episode of Money Made Simple, we talk about how to get rich.  And no, we're not promoting some get-rich-quick scheme, we're talking about building sustainable wealth over the long-term. Spoiler alert: It's all about changing the way you think about money and your finances. AKA  focusing on your net worth vs. money in the bank. This episode covers: What we mean by net worthHow to calculate your own net worth (it's easier than you think!)How thinking in this way can make you happier - and richerThe rule of 4% for financial independencePractical steps you can take to increase your net worth One of our favourite resources sorted.org.nz, has a handy and simple-to-use net worth calculator: https://sorted.org.nz/tools/net-worth-calculator Our aim for this episode is to leave you with a better understanding around long-term wealth. You'll walk away knowing how to calculate your personal net worth, armed with practical ways in which you can start to increase it for a better financial future. --- Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful! Find us: Instagram Facebook LinkedIn Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.
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