Strategic Ways to Increase Your Net Worth This Year

Join our weekly #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m. ET.  This week, we talked about ways to increase our net worth — and why we need to track this number yearly. The panel included: Douglas Boneparth: Financial Advisor for Millennials, CFP® and founder of Bonefidewealth.com; Shannon McNay: Writer at StudentLoanHeroRod Griffin: Director of Public Education at Experian and Mike Delgado: Director of Social Media at Experian.

We’re also featuring financial tips all week on Snapchat.

Questions We Discussed:

  • Q1: Have you ever taken the time to calculate your net worth?
  • Q2: Why is it important to know your net worth?
  • Q3: How do you calculate your net worth?
  • Q4: How does your net worth affect your financial goals?
  • Q5: What does it mean if your net worth is negative?
  • Q6: What are simple things you can do to boost your net worth in the short term?
  • Q7: What can you do to boost your net worth in the long term?
  • Q8: What are some examples of assets that can help your net worth?
  • Q9: How often should you calculate your net worth?
  • Q10: Any final tips for someone interested in learning about net worth?

View the Complete Chat on Storify:

If you’ve never heard about #CreditChat, here is a brief overview:

Resources:

10 Ways to Increase Your Net Worth This Year via Wisebread

Net Worth Calculator via Bankrate

Relevant chats on YouTube: