Understanding Liabilities and Calculating Net Worth
In this episode, Mark continues the financial literacy miniseries by focusing on liabilities and how to calculate net worth. He explains various short-term and long-term liabilities, including credit cards, student loans, auto loans, and home mortgages.
Mark emphasizes the importance of managing credit card debt and understanding the implications of student loans. Additionally, he discusses the structure of auto loans and mortgages and their impact on financial health.
The episode concludes with a step-by-step guide on calculating net worth.
Episode Links:
Mark’s Money Mind YouTube Channel
Timestamps:
In this episode of Mark’s Money Mind, host Mark Trautman, CFP® explains his financial freedom cornerstone mantra: Make Some, Save & Invest, Live on...
In this episode Mark shares his approach to starting the new year with a solid personal financial plan. He covers how to reflect on...
In this episode of the Mark's Money Mind show, host Mark Trautman, along with co-host Kevin Sebesta, speak live from CampFI Rocky Mountain about...