December 1st Net Worth Calculation!! Closing the Year Strong!! The Power of Your Final Net Worth Calculation for 2024

You better get it done!! What you focus on grows!!

Hey, MFG!

It’s December 1st!! It’s net worth calculation time. This is the last one of the year!! If you’ve been following along and completing your net worth calculation each month, I’m sure the process has become automatic for you.

Tonight, I want to show you a powerful habit that wealthy people perform daily: calculating your net worth.

This simple, but impactful and insightful practice not only shows you your current financial standing but, when done regularly, naturally helps your money grow as you focus on building wealth.

-GP a.k.a Fullauto11 🧙🐼

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Always remain bullish and follow The Money Flow.

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Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 or email GP fullauto11@gmail.com to join.

December 1st Net Worth Calculation!! Closing the Year Strong!! The Power of Your Final Net Worth Calculation for 2024

December is here, and with it comes a sense of reflection and preparation. As the holiday season unfolds and we inch closer to 2025, now is the time to take a deep look at your finances and perform one of the most powerful exercises of wealthy people: calculating your net worth.

This isn’t just another year-end task—it’s your chance to measure the results of your hard work, adjust your financial strategy, and set the stage for success in the year ahead.

👉Wealthy people count their money because they understand that clarity and self-transparency breeds growth.👈

As we close 2024, this final calculation is your opportunity to finish strong and enter 2025 with confidence and purpose.

Overview and Purpose of the Net Worth Calculation✍️

Your net worth calculation is a simple, but essential snapshot of your financial health. By listing your assets and subtracting your liabilities, you gain a clear picture of where you stand. It’s not just about numbers; it’s about accountability and awareness.

When you calculate your net worth regularly, you’re not just tracking your money—you’re focusing on growth. This focus creates natural momentum, encouraging better decisions, smarter investments, and a greater commitment to financial success.

👉For wealthy people, this is more than a routine; it’s a cornerstone of their wealth-building strategy.👈

Let’s take a look below at an example of a net worth calculation from one of my students. I highly recommend you do this every 1st of the month and send me a picture of it; seriously! 👈

Many students have sent me their net worth every month for years now.

[A net worth calculation example below] 👇

👉ASSETS - LIABILITIES = NET WORTH

How to perform your net worth calculation: 👇

1. List Your Assets: Write down everything you own.

   • Cash in bank accounts; checking & savings

   • Cash in Cash app, PayPal, Venmo, etc.

   • 401ks and IRAs

   • Brokerage accounts

   • Crypto portfolios

   • Bitcoin & U.S.D.C.

   • Personal homes

   • Rental properties

   • Art & Jewelry

   • Antiques & Sports Memorabilia, etc.

2. List Your Liabilities: Write down everything you owe:

   • Car loans

   • Credit card balances

   • Student loans

   • Any other debts

3. Calculate Total Assets: Add up all items in your assets list.

4. Calculate Total Liabilities: Sum up all items in your liabilities list.

5. Find Your Net Worth: Subtract total liabilities from total assets:
   Net Worth=Total Assets−Total Liabilities👈

6. Track Monthly: Write down your net worth each month to see how it changes over time. Identifying trends early helps you make better financial decisions, whether that means increasing savings, reducing debt, or building investments.

👉ASSETS - LIABILITIES = NET WORTH

Why the Final Net Worth Calculation of the Year Matters‼️

As the last month of the year, December offers a unique opportunity to reflect on your financial journey and set the tone for 2025. By performing your final net worth calculation of 2024, you’re not just closing out the year—you’re preparing for the next one. Here’s why it’s so key:

1. Measure Progress: Compare your net worth from the start of the year to now. Have you achieved your goals? What can you improve next year? Did you double your dividend income?

2. Spot Trends: Identify patterns in your spending, saving, or investing to make better financial decisions in 2025.

3. Set New Goals: Use this calculation to define clear, actionable goals for the upcoming year.

4. Gain Clarity: Knowing exactly where you stand financially gives you the confidence to make bold moves in the new year."

The Wealthy Person’s Routine💵

Calculating net worth isn’t just about numbers—it’s a mindset.👈

Wealthy people do this regularly because they understand that what gets measured gets managed and grows. This routine practice helps them stay focused on their goals, make strategic adjustments, and maintain control over their financial future.

By adopting this habit, you’re not just imitating wealth—you’re building it.👈

GP’s Wrap-Up🐼

Your financial future starts with clarity and intention.

👉As we approach 2025, take charge of your wealth by performing your final net worth calculation of the year.👈

Let this simple, but powerful habit guide you into a year of growth, focus, and success.

👉Remember: wealthy people count their money, and you’re on your way to joining them.👈

Always remember, whatever you think about comes about, whatever you focus on grows. - GP

Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 or email GP fullauto11@gmail.com to join.

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