Money Hack of the Week: Diversify your assets

• Is your net worth all in stocks?  All in real estate? All in your company’s stock?  Do you own bonds? 

• If you’re all in stocks - do you own all US based investments or do you also have international investments?

• Take a hard look at your net worth - see if it may make sense to diversify your assets a bit.  

• While we love real estate, I don’t have all of my assets in real estate, we also own stocks, both domestic and international.  

Main Topic - Net worth by Age

• What is net worth?  Assets - Liabilities

• Why is this important - helps you determine if you’re on track for retirement

• How to track Net Worth - episode 1 - show notes

• Net worth is not your personal worth

Average Net Worth By Age

Age -- Average net worth -- 4% Rule

Under 35 - $76,300 - $3,052.00

35–44 - $436,200 - $17,448.00

45–54 - $833,200 - $33,328.00

55–64 - $1,175,900 - $47,036.00

65–74 - $1,217,700- $48,708.00

75+ - $977,600 - $39,104.00

Median Net Worth by Age

Age -- Median net worth

Under 35 - $13,900

35–44 - $91,300

45–54 - $168,600

55–64 - $212,500

65–74 - $266,400

75+ - $254,800

Action Step:  Do you know your net worth?  If not, download a copy of the net worth tracker on our website under the show notes - episode 1 - track your net worth and make sure you’re making progress toward your financial goals.