{"id":621,"date":"2011-04-13T06:52:30","date_gmt":"2011-04-13T13:52:30","guid":{"rendered":"https:\/\/maysfinancial.local\/"},"modified":"2017-02-26T02:01:55","modified_gmt":"2017-02-26T02:01:55","slug":"net-worth","status":"publish","type":"post","link":"https:\/\/maysfinancial.local\/articles\/net-worth\/","title":{"rendered":"Your Key to Financial Independence: Understanding Net Worth"},"content":{"rendered":"<h5><strong><a href=\"https:\/\/maysfinancial.local\/money-management\/what-is-net-worth\/\">What is Net Worth? <\/a><\/strong><\/h5>\n<p>A brief introduction to net worth.<\/p>\n<h5><strong><a href=\"https:\/\/maysfinancial.local\/money-management\/net-worth\/net-worth-planning-process\/\">Net Worth Planning Process<\/a><\/strong><\/h5>\n<p>Net worth is determined by subtracting your liabilities from your assets.\u00a0 The product is a real assessment of your current financial situation.\u00a0 Net worth and cash flow are the cumulative result of all financial decisions that we make.\u00a0 The net worth calculation provides a wealth of information that can be used to establish goals and develop a planning strategy.<\/p>\n<h5><strong><a href=\"https:\/\/maysfinancial.local\/money-management\/net-worth\/calculating-net-worth\/\">Calculating Net Worth<\/a><\/strong><\/h5>\n<p>Calculation of net worth can be done with a variety of tools. Though many tools exist, they all must involve the essential concept of subtracting liabilities from assets.<\/p>\n<h5><strong><a href=\"https:\/\/maysfinancial.local\/money-management\/net-worth\/net-worth-goal-setting\/\">Net Worth Goal Setting<\/a><\/strong><\/h5>\n<p>Net worth allows us to assess our current financial situation and allows us to set short and long-term goals based on solid data.\u00a0 Setting annual net worth goals is an effective strategy, but the results will only be as good as the process and the data involved.\u00a0 When setting net worth goals, it is important to be realistic.<\/p>\n<h5><strong><a href=\"https:\/\/maysfinancial.local\/money-management\/net-worth\/developing-net-worth-plan\/\">Developing a Net Worth Plan<\/a><\/strong><\/h5>\n<p>Developing a net worth plan may seem intimidating, but the process is relatively simple. Subsequent evaluations become much easier as organization and proficiency increases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Net Worth? A brief introduction to net worth. Net Worth Planning Process Net worth is determined by subtracting your liabilities from your assets.\u00a0 The product is a real assessment of your current financial situation.\u00a0 Net worth and cash flow are the cumulative result of all financial decisions that we make.\u00a0 The net worth [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[2,14],"tags":[33,41,124,151],"_links":{"self":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts\/621"}],"collection":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/comments?post=621"}],"version-history":[{"count":0,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/posts\/621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/media?parent=621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/categories?post=621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maysfinancial.local\/wp-json\/wp\/v2\/tags?post=621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}