Podcast: What does your net worth really mean?

Posted: 26 September 2019 1:08 pm
News

Pocket Money explores how much we're worth, and why it matters.

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If you add up every single one of your assets and subtract your debts, you would know (on paper) your net worth. But that number actually reveals so much more about you and your financial health than you might think.

This week on Pocket Money, we explore all the ins and outs of net worth, how you should think about net worth when you're young, the difference between good debt and bad debt and why Mr Burns from The Simpsons is a surprisingly good financial role model.

On this episode, we're joined by Jared Lock, the creator of Money and my Daughter, a blog about the intersection of personal finance and family. Jared brings a wealth of knowledge about thinking about your personal finance with the future in mind, setting goals and lessons we can take from the FIRE movement.

P.S. starting next week, we'll be releasing weekly episodes of Pocket Money!

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The Finder Pocket Money podcast is intended to provide you with tips, tools and strategies that will help you make better decisions. Although we're licensed and authorised, we (and our guests) aren't providing any form of financial or legal advice. So please consider your own situation and get proper advice about your individual circumstances before making any decisions based on anything in our show. Thanks for listening!

Have questions for the Pocket Money crew? Want to suggest a future episode idea? Hoping to speak with other curious young adults sorting through their lives and their money? Join our community for exclusive access and discussions about the show and all things money:

Pocket Money is hosted by Sally McMullen and Marc Terrano. The show is produced by Franko Ali and Ankita Shetty. Editing and theme music from Brianna Ansaldo of Bamby Media.

finder.com.au (ACL 385509. CAR 432664) is Australia's most popular comparison site. We like to help, and we understand that our podcast provides information, insight and entertainment, but it's not personal advice. Consider your own circumstances (or get advice) before you make any decision based on our general comments and commentary.

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