What is net worth? 

You’ve probably heard people talk about net worth, but what is net worth? And do you know your net worth?

When people talk about their net worth they are usually talking about how much money they have, but it’s not as simple as how much money you have in the bank. It’s a calculation based on your assets and debt.

Net worth is an important measure of your financial situation, and it is something that you can easily be made aware of. 

Like knowing your credit score, knowing your net worth will help you decide which steps you need to take to improve your financial situation.

We often hear wealthy people talk about net worth, but it’s important for everyone to understand what the concept is, whether your net worth is positive or negative. Fortunately, discovering your net worth is fairly easy to do!

Today, I will explain the simple steps it takes to calculate and track your net worth. Remember, it’s just one more way to gauge your financial health and progress.

There have been many times when someone has told me that they have no idea how much debt they have, how much money they have saved, what their assets are worth, and so on.

While you don’t always need to know an exact number, it’s usually wise to have a general idea.

Understanding what net worth means and how it affects you is important. 

If you’ve never calculated your net worth, it might be negative or lower than you expect, but the key is knowing what it is and to note how it changes over the months and years. Knowing it is one of the first steps to improving your financial situation! [Read more…]

What are dividends?

This is a question I hear quite often from people who are starting to invest. Or, you might ask, “what are dividends?” when learning about the benefits of investing.

Either way, you will start reading about the term “dividends” as you start investing, saving for retirement, improving your financial future, and so on.

But, what are dividends?

Dividends are simply a payment in cash or stock that public companies distribute to their shareholders. 

That’s the simplest way to answer the question, but there is still a lot to understand about what are dividends. 

Whether you have a basic idea of what dividends are or if they are a completely new concept to you, I want to talk about dividends with you today.

As you start investing more, dividends are a term that will eventually come up, and I think it’s a great thing to learn about when it comes to investing and saving for retirement.

Like other important financial concepts, understanding what are dividends and how they work can help you improve your financial situation now and into the future. 

Dividend investing is when you invest in stocks that pay dividends. This can be a good source of income for people like you and me, and it’s rather passive. 

Investing is important because it means you are making your money work for you. If you weren’t investing, your money would just be sitting there and not earning a thing.

Today, I am going to talk about some common questions I’ve heard about dividends, such as what are dividends, how they work, what stocks pay dividends, how to live off of dividends, and more. [Read more…]

Are you interested in learning how to invest, start retirement planning, and more? Today’s article will allow you to get started with retirement planning and help with each step along the way.

Planning for retirement and starting to invest can be a very intimidating topic for the average person, and I completely understand that.

However, once you start, everything becomes much easier. You just have to get over that hump, and you can do that by reading up on the different retirement planning topics.

Today, I am rounding up some of my most helpful articles in these areas, so that you can reach financial freedom and start retirement planning.

Some of the topics below include:

• How to save for retirement
• Answers to 13 of the most popular retirement planning questions
• How to start investing
• Why you should be careful with 401k loans
• What is financial independence retire early?
• Different ways to save and invest for retirement
• Planning tips for the future and for your family, such as obtaining life insurance, estate planning, and more.

Plus, I’m sharing several early retirement stories from real people. [Read more…]