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Meaningful Money – Making sense of Money with Pete Matthew | Financial FAQ

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net worth - what if you're not on target?
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MMP156: Net Worth – What to do if you’re not on target

April 27, 2016

Over the last two weeks we have talked about Net Worth, how to define it, how to calculate it and how to come up with a target Net Worth which signifies financial independence. We have looked at the metrics to track as you go along, so you know whether or not you’re on track. But what if you’re not on track? What if it is clear that you’re going to fall short of your target Net Worth. What should you do?

Over the last two weeks we have talked about Net Worth, how to define it, how to calculate it and how to come up with a target Net Worth which signifies financial independence. We have looked at the metrics to track as you go along, so you know whether or not you’re on track. But what if you’re not on track? What if it is clear that you’re going to fall short of your target Net Worth. What should you do?

Net Worth: What if you're not on target?

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7IM LogoThis podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support.

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What if you're not target?

Over the last couple of weeks, we have looked into what Net Worth is and how you can calculate it, and the things you should track on your way to target. But what if it you're not on target?

In this session, you'll discover:

  1. That your target is a moving one
  2. That there are plenty of variables which may or may not be borne out
  3. Why it's about more than just the destination
  4. Ways to reassess your goal if you need to
  5. The three key variables, which can be moved to realign things when they go off track
  6. How tweaking one or more of those variables may mean that your target may not be so far off after all

Apart from anything else, there is much to be gained from aiming at a target, rather than wandering aimlessly through life.

Resources mentioned in this show

Website: Find a Certified Financial Planner

Podcast: Session 137: Making More Money

Plus, there is a full transcript available by clicking the big blue button below:

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Filed Under: Build Wealth, Enjoy Your Money, Podcast, Season 1 Tagged With: Financial Planning

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Podcast: Session 137: Making More Money

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