It’s Net Worth Calculation Time, MFG!
July 1st Homework!! We’re Halfway Through 2024!!
Hey MFG,
Like everyone, I go through times when motivation and inspiration diminish. Having accomplished most of my goals, I'm now considering setting new ones. I encourage you to do the same.
Let's kickstart your financial journey and make the most of the second half of the year.
Welcome to July! The year is halfway over, and now is the perfect time to ignite your passion for achieving your goals.
It's time to take control, get your life together, and make the most of the opportunities that lie ahead.
This is your moment to reflect, reassess, and recharge your commitment to your financial goals and success.
Looking for a group of likeminded people to trade with? Text alerts and the MFG DISCORD. Text GP 1-936-661-7786 to join.
HAPPY INDEPENDENCE DAY WEEK, MFG!! 🎆🎉
As we celebrate the spirit of independence this Fourth of July, let’s also celebrate the independence that comes with financial freedom.
The holiday is not just about fireworks and barbecues; it's about taking bold steps towards a brighter future.
This is your wake-up call to push harder, dig deeper, and dial in on your aspirations.
Are you ready to take advantage of the second half of the year?
Are you prepared to tackle your goals with renewed energy and focus?
The time is now to perform a mid-year check-in, and refine your strategies, and set the stage for an incredible finish to 2024.
Grab a free copy of Gerald’s ebook You Don’t Have To Die Broke! CLICK HERE!
It’s Net Worth Calculation Time, MFG!
Calculating your net worth is the first step in this empowering journey.
It’s more than just numbers; it’s about understanding where you stand and where you want to go. It’s about making informed decisions, staying disciplined, and maintaining the momentum needed to achieve your dreams.
So, let’s get fired up! Let’s take this holiday week to reflect on our progress, recommit to our goals, and reignite the flame of ambition.
Your journey to financial success and personal fulfillment starts now.
Let's make the second half of this year the most productive and prosperous period yet, MFG! I believe in you!
The Importance of Calculating Your Net Worth Regularly
Regularly calculating your net worth provides a clear snapshot of your financial situation. It helps you:
Track Financial Progress: See how much your wealth has grown over time.
Identify Financial Goals: Determine if you need to adjust your financial strategies.
Motivate Savings and Investments: Stay motivated to save and invest wisely.
Manage Debt: Keep an eye on liabilities and work towards reducing them.
How to Calculate Your Net Worth: A Step-by-Step Guide
Calculating your net worth is straightforward. Here’s how to do it:
List Your Assets: Include everything you own that has value. Common assets include:
Cash and bank accounts
Investments (stocks, bonds, REITs, mutual funds)
Bitcoin and crypto
Retirement accounts (401(k), IRA)
Real estate properties
Art
Watches
Any other collectible, flippable assets.
Calculate Total Assets: Add up the value of all your assets.
List Your Liabilities: Include all debts and financial obligations. Common liabilities include:
Mortgages
Car loans
Credit card debt
Student loans
Personal loans
Calculate Total Liabilities: Add up all your liabilities.
Determine Your Net Worth: Subtract your total liabilities from your total assets.
Total Assets - Total Liabilities = Net Worth
Use exact numbers for this exercise.
The Year is Halfway Over: Assess Your Progress
July marks the halfway point of the year. It's a great time to revisit your New Year's resolutions and financial goals. Ask yourself:
Are you on track with your savings goals?
Have you paid down debt as planned?
Is your investment portfolio performing as expected?
Use this net worth calculation as a benchmark to see where you stand and what adjustments you might need to make.
Looking for a group of likeminded people to trade with? Text alerts and the MFG DISCORD. Text GP 1-936-661-7786 to join.
Holidays are for GETTING RICH!!
While holidays are a time for celebration, they can also be an opportunity for reflection and planning. Take this holiday week to:
Reassess Your Goals: Look at what you've accomplished and set new, achievable targets.
Plan Ahead: Think about the steps you need to take in the second half of the year to reach your financial goals.
Stay Motivated: Remember why you set your goals in the first place and keep pushing towards them.
Keep Pushing to Achieve Your Goals, MFG!
Your financial journey is ongoing, and every step counts.
By calculating your net worth today, you’re taking a crucial step towards financial independence.
Stay disciplined, adjust your strategies as needed, and stay committed to your goals.
Let this mid-year net worth calculation inspire you to push harder and achieve more in the second half of the year.
LET’S GO, MFG!
Get your net worth calculation done along with your homework this week and send me a picture of them! I believe in you!
"The ultimate reason for setting goals is to entice you to become the person it takes to achieve them." - Jim Rohn
Always remember, whatever you think about comes about, whatever you focus on grows. - GP
If you need help with setting up your charts and want a mini crash course in the Money Flow, consider GP's course:
"Getting Started with Stock Charts the Money Flow Way" and you will be ready to add shares to your portfolios on stage 1 when the markets are about to possibly rotate and trim profits when opportunities arise. CLICK HERE!
LFG!! Net worth calculation for July done! ✅
Let’s do this!!!! MFG