Financial Literacy Miniseries - Part 3 | Episode 057 Podcast Por  arte de portada

Financial Literacy Miniseries - Part 3 | Episode 057

Financial Literacy Miniseries - Part 3 | Episode 057

Escúchala gratis

Ver detalles del espectáculo

Obtén 3 meses por US$0.99 al mes

Understanding Liabilities and Calculating Net Worth

In this episode, Mark continues the financial literacy miniseries by focusing on liabilities and how to calculate net worth. He explains various short-term and long-term liabilities, including credit cards, student loans, auto loans, and home mortgages.

Mark emphasizes the importance of managing credit card debt and understanding the implications of student loans. Additionally, he discusses the structure of auto loans and mortgages and their impact on financial health.

The episode concludes with a step-by-step guide on calculating net worth.

Episode Links:

Mark’s Money Mind YouTube Channel

Federal Student Aid website

Timestamps:

  • 00:25 Recap and Today's Focus: Liabilities
  • 01:14 Understanding Liabilities: Short-term vs Long-term
  • 01:53 Managing Credit Card Debt
  • 08:44 Student Loans
  • 15:03 Auto Loans and Mortgages
  • 21:20 Organizing Liabilities on the Net Worth Statement
  • 21:57 Calculating and Understanding Net Worth
  • 25:15 Conclusion and Next Episode Preview
Todavía no hay opiniones