Equity How To Calculate Your Net Worth And why it's useful to know. By Jessica Sier Equity And why it's useful to know. By Jessica Sier Previous article EXCLUSIVE: Chloe Shorten: The Feminist Wife Of Bill Shorten Next article Why Stressed-Out Women Are Finding Solace In ‘Whisper Videos’ No way in all heck is your value based on your valuables. At Future Women, we firmly believe money is only ever a tool for doing other cool and powerful stuff. Using how much money we have to measure ourselves is hardly a sophisticated mindset. But when it comes to setting your affairs in order, we know that having a target in mind is a terrific motivator. Something like, I want X in superannuation, X in the bank, X in my business and X in my liquor cabinet. But in order to get where you’re going, it’s helpful to know where you are now. Your net worth is the difference between the total value of everything you own (assets), and the total value of all your debts (liabilities). It’s kind of a sum total figure of where your money situation is at. When that number changes, you can measure your financial progress over time. Jessica Sier is a financial journalist who currently heads up the content strategy at Spaceship, an investing startup. Prior to that she was a reporter at the AFR where she discovered that breaking down financial jargon was a public good. This report contains general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial planner before making a financial decision. makingdollarsandsense Best Of Future Women Money How motherhood hits your financial future (and what to do about it) By Jamila Rizvi Money Is your takeaway coffee costing you 100k? By Jamila Rizvi Equity New interactive series highlights what determines women’s financial fate By FW Equity A sneak peek inside the sold-out budget event By Odessa Blain Equity Inside the shared joke between Gallagher and Wong By Odessa Blain Wellbeing Awww, you shouldn’t have. By FW Equity In 2024, gender is baked into the Federal Budget By FW Money We need to talk about money By FW Your inbox just got smarter If you’re not a member, sign up to our newsletter to get the best of Future Women in your inbox.
