Wright Financial Coaching

I’m sure you’ve already been inundated with emails, commercials and mail regarding all the Black Friday deals coming up! It can be so tempting to fill your cart with everything that’s even slightly discounted. But make sure you’re intentional with what you’re buying! And most importantly, ask yourself a simple question…

Have I budgeted for this?

What “in budget” Black Friday deals do you plan to take advantage of this year?

Compound Interest is the closest thing to magic in the finance world as you can get! Yet not enough of us take advantage of it!
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Understanding this concept will truly transform your financial future!
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What on earth is NET WORTH and how do I calculate mine???

Net worth is essentially what you own minus what you owe! That’s it! Nothing too crazy right?

If you’d like to calculate where your net worth currently stands you simply add up all your assets and subtract all your liabilities. It’s a very simple equation.

Don’t become too obsessed with this number. However, if you’re just starting out on your financial journey I would suggest calculating it. Then, as you work towards your financial goals you will see your progress in a quantitative way! Write it down, then slowly start to see that number go up!

Warning! Don’t panic if you’re in the negatives! This can happen! Remember, your net worth IS NOT your self worth! Know that there are actionable steps to turn that negative into a positive! And I will be right here with you to guide you!

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So what’s the catch?

Even though there’s “technically” none if you pay all four payments on time with no interest… check out tomorrow’s post on why you should still approach these plans with caution!

How do BUY NOW PAY LATER companies make money???
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