Understanding Your Financial Position Through Net Worth
Most Australians track their income but overlook the bigger picture. Your net worth tells the real story of where you stand financially. And honestly, it's not as complicated as it sounds once you break it down properly.
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Why Net Worth Matters More Than You Think
Here's something I've noticed working with people over the years. Someone earning 0,000 annually might feel financially secure, but if they've got 0,000 in mortgages and car loans against 0,000 in assets, they're actually underwater. Meanwhile, their colleague earning ,000 with a paid-off apartment and some savings is in a much stronger position.
Net worth is simply what you own minus what you owe. But that simple calculation reveals patterns most people miss when they only look at their paycheck. It shows whether you're building wealth or just maintaining appearances.
What Our Program Actually Covers
We focus on practical application rather than theory. You'll learn to identify every asset that contributes to your net worth, from the obvious ones like property and super to things people often forget like that vintage collection gathering dust.
The liability side gets equal attention because that's where people underestimate. Credit cards, personal loans, HECS debt – they all count. We teach you how to track everything systematically.
Asset Classification
Learn to categorize and value different types of assets accurately, including property, investments, and personal items.
Debt Management
Understand how different types of debt impact your net worth and strategies for reduction over time.
Tracking Systems
Set up simple systems to monitor changes in your net worth quarterly without excessive time investment.
Goal Setting
Use net worth as a foundation for realistic financial goals aligned with your life circumstances.
What Participants Have Experienced
I thought I understood my finances until I properly calculated my net worth. Turns out my investment property was costing me more than it was contributing. The program helped me see the full picture and adjust my strategy accordingly.
Harlan Wickstead
Completed program March 2025
The quarterly tracking approach made a real difference. Instead of vague feelings about whether I was getting ahead, I had concrete numbers. It changed how I made decisions about major purchases and debt reduction.
Devona Brathwaite
Completed program January 2025
How the Learning Program Works
We've structured the program around real scenarios and practical exercises. Each module builds on the previous one, but you can move at your own pace.
Foundation Module
We start with the basics. What counts as an asset, how to value things that don't have obvious price tags, and why market value matters more than what you paid. You'll create your first net worth statement during this phase.
The foundation module runs over four weeks with approximately six hours of material. But take longer if you need it – some people finish in three weeks, others take six.
Advanced Application
Once you've got the fundamentals down, we move into more complex scenarios. How to handle joint assets, business valuations for those who are self-employed, and strategies for improving your net worth position over time.
This section also covers common mistakes people make when calculating net worth – like overvaluing personal items or forgetting about tax implications on certain assets. Our next intake starts September 2025.
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