If you add up every single one of your assets and subtracted your debts, you would know, on paper, your net worth. But that number actually reveals so much more about you and your financial health than you might think.
This week on Pocket Money, we explore all the ins and outs of net worth. how you should think about net worth when you’re young, the difference between good debt and bad debt, and why Mr. Burns from The Simpsons is a surprisingly good financial role model.
On this episode, we are joined by Jared Lock, the creator of the Money and My Daughter blog. Jared brings a wealth of knowledge about thinking about your personal finance with the future in mind, setting goals, and lessons we can take from the FIRE movement.
P.S. starting next week, we’ll be releasing weekly episodes of Pocket Money!
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Full show notes at https://www.finder.com.au/podcast