It’s October 1st, MFG!! It's Time to Calculate Your Net Worth!!
A Ghostly Reminder: The Wealthy Count Their Money—Do You?
Hey, MFG!
As the nights grow longer and eerie whispers fill the air, there’s something more unsettling than ghouls and ghosts lurking—it's the slow creep of another year slipping away.
The last quarter of the year is here, and time is running out to make your financial goals a reality!!
Wealthy people know the importance of keeping track of their money, for what isn’t counted might disappear into the shadows, never to return.
As we enter October, with only three months left, this is not the time to relax or drift through the fog!!
Instead, it's time to pump the brakes, refocus, and push harder than ever.
The clock is ticking, and every decision you make in the last quarter could be the difference between achieving your goals or being haunted by missed opportunities.
Take charge of your wealth, today!!
-GP a.k.a Fullauto11 🧙🐼
The Peters Report - Stock & Crypto Trader’s Resource
Always remain bullish and follow The Money Flow.
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It’s October 1st, MFG!! It’s Time to Calculate Your Net Worth!! 👻
One of the most powerful habits of the wealthy is consistently counting their money.
This isn’t just a practice of accumulating wealth; it’s about staying on top of their financial goals and maintaining control over their financial future.
By tracking personal financial growth each month, you gain a clear picture of your progress, allowing you to make more informed decisions to buy Bitcoin, save chunks of money, increase your dividend income, reduce debt, and invest chunks.
Staying on Top of Financial Goals: A Monthly Check-In
Regularly calculating your net worth—assessing your assets and liabilities—is essential for staying in control of your financial goals.
It's easy to lose sight of long-term objectives when you’re caught up in daily life, but a monthly check-in keeps you grounded.
By consistently tracking personal growth, you’ll stay motivated and focused on achieving the milestones that matter most to you and your family.
How to Calculate Your Net Worth: A Simple Step-by-Step Guide
List All Your Assets: Begin by listing everything you own of value. This includes:
Cash and Savings: Money in checking and savings accounts.
Investments: Stocks, fixed income funds, bonds, crypto, precious metals, retirement accounts, and other investment portfolios.
Real Estate: The current market values of any properties you own.
Vehicles: Cars, boats, or other vehicles you can sell for cash.
Personal Valuables: Art, jewelry, or any high-value personal items.
List All Your Liabilities: Now, list everything you owe. Your liabilities include:
Mortgages: The outstanding balance on your home loan.
Car Loans: Any debt owed on vehicles.
Credit Card Debt: All outstanding credit card balances.
Student Loans: Any remaining student loan debt.
Other Loans: Personal loans, medical debt, etc.
Calculate Your Total Assets: Add up the value of all your assets to find your total asset amount.
Calculate Your Total Liabilities: Add up all your liabilities to find your total debt or liability amount.
Find Your Net Worth: Subtract your total liabilities from your total assets. The result is your net worth:
👉👉Total Assets − Total Liabilities = Net WorthTrack Changes Over Time: By repeating this process each month, you can track your financial growth. You’ll see trends and growth over time, allowing you to make informed adjustments to stay on track with your goals.
Assessing Liabilities and Assets: The Foundation of Financial Health
Understanding the balance between your assets and liabilities is the foundation of financial health.
By calculating your net worth every month, you get a snapshot of your financial standing and can better assess whether you're moving closer to or further from your goals.
Identifying Trends and Making Adjustments: A Key to Long-Term Success
Regular net worth tracking allows you to identify trends, whether that’s growing debt, increased savings, house loan pay down, home appreciation, or appreciating investments.
By spotting these trends early, you can make timely adjustments, whether that means increasing your savings, finding more streams of income, cutting unnecessary expenses, or shifting your investment strategy.
Your Family’s Financial Health is Priority #1
Finally, it’s important to remember that we become what we think about!
If you make your family’s financial health the number one priority, it will drive decisions that protect and grow your wealth.
Tracking net worth isn’t just about numbers—it’s about securing a stable and prosperous future for yourself and your loved ones.
Grab a free copy of Gerald’s ebook You Don’t Have To Die Broke! CLICK HERE!
The Last Quarter of The Year is Here!! Check Your Progress!!
October marks a significant milestone as we move further into the year. It's the perfect time to reassess your New Year's resolutions and financial goals. Ask yourself:
Do you have a chunk of money saved up?
Do you own any Bitcoin (BTC)?
Do you have a crypto wallet?
Have you attacked debt like planned?
Are you investing everyday?
Do you have a buy and hold investment account?
Do you even trade, bro?
Are your monthly dividends increasing?
Do you have a trading account?
Use this net worth calculation as a benchmark to evaluate where you stand and determine any adjustments needed for the rest of the year.
LET’S GO, MFG!
Get your net worth calculation done today and send me a picture of it!!
I believe in you!!
"By thought, the thing you want is brought to you. By action, you receive it." - Wallace Wattles, The Science of Getting Rich
Always remember, whatever you think about comes about, whatever you focus on grows. - GP
The Peters Report - Stock & Crypto Trader’s Resource
Looking for a group of likeminded people to trade with? Text alerts and the MFG DISCORD. Text GP 1-936-661-7786 to join.
If you need help with setting up your stock 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!
MFG!! 🖨️💸💸💸💸💸✌🏼 Calculation time
Net Worth Time! 👆