How Much Should Your Net Worth Be? (according to your age)

Building Your Money Machine

Το περιεχόμενο παρέχεται από το Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

1M ago 27:48

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Are you wondering where you stand on your wealth journey and if you're on track to achieve your financial goals? It's a question that haunts many of us as we navigate the path to financial freedom.

In today's episode, I dive into the concept of net worth and break down the numbers based on age, so you can see how you measure up. I reveal the latest data from the Federal Reserve's Survey of Consumer Finances and share median and average net worth figures for various age groups. But before you celebrate or beat yourself up, I explain why these numbers only tell part of the story and why your investable net worth matters even more.

Ready to gain clarity on your financial journey and take control of your wealth-building strategy? Listen to the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

- The definition of net worth and how to calculate it

- The difference between overall net worth and investable net worth

- Median and average net worth figures broken down by age groups

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ORDER MY NEW BOOK:

Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!

The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.

Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.

TAKE THE FINANCIAL FREEDOM QUIZ:

Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Κεφάλαια

1. Podcast for affluent entrepreneurs achieving financial liberation. (00:00:00)

2. Investable net worth matters for retirement planning. (00:04:06)

3. High home value may limit liquidity options. (00:08:59)

4. Active investment leads to exponential wealth growth. (00:12:22)

5. Accelerate wealth, reach financial freedom at retirement. (00:13:19)

6. Wealth starts with your life vision. (00:17:32)

7. Accumulating wealth: measure for success and adjustments. (00:21:09)

8. Financial journey: milestones, no stress, keep moving. (00:23:47)

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