In this episode, I am breaking down my actual net worth at 24 (combined with my 27 year old partner), including exactly what I own, what I owe, and how that translates into a real net worth number.
I cover cash, business cash, property equity, superannuation, car loans, business valuation, and why revenue and net worth are completely different things.
This episode will give you a clear understanding of how net worth works, what counts as an asset, what counts as a liability, and why most business owners focus on the wrong numbers.
If you are building a business, your net worth is one of the most important financial metrics to understand, because it reflects ownership, not just income.
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