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Are you asking yourself how to measure your net worth or how to calculate your net worth? I will show you how to get rich by tracking your wealth in Excel. Improving your net worth is essential for setting yourself up for financial success. In this video, I explain to you what net worth is and how you can measure your net worth. I will show you how to track your net worth in Excel with an Excel tool that I built. This is the same Excel that I use to track my net worth. Make sure you have full transparency on your assets and liabilities, as well as the cashflow from your income, your investments and recurring expenses and discretionary spend. Learn to get rich by tracking your wealth in Excel. Learn to track your net worth in Excel. Get ready to increase your net worth in 2021 and improve your financial situation! Learn how to build wealth with this video - net worth explained. I am a former McKinsey consultant and I share my personal finance tips with you to help you improve your personal finance management. Download my Net Worth tracker spreadsheet in Excel here: https://link.firmlearning.com/networt... Chapters 00:00 Introduction 01:38 What does "net worth" mean? 03:34 Tracking your Assets 09:23 Tracking your Liabilities 11:31 Understanding your Cashflow 17:34 Download link and wrap-up 📈 START INVESTING* Trade Republic (for Germans): https://link.firmlearning.com/tradere... WeBull (for U.S. citizens): https://link.firmlearning.com/webull You receive a free stock valued up to 1,600 USD when joining WeBull via this link. 🎓 MY ONLINE COURSES* Learn to make PowerPoint presentations like Top Management Consultants: "CEO-level Presentation Skills - Slide Writing for Consulting" https://link.firmlearning.com/slides Everything you need to know about Blockchain and Cryptocurrency: "The Complete Course on Blockchain and Bitcoin" https://link.firmlearning.com/blockchain 📄 CV AND COVER LETTER TEMPLATE* Get a CV and cover letter template based on my own documents. With earlier versions of this CV and cover letter, I successfully applied to McKinsey as consultant: https://link.firmlearning.com/learning 👍 CHANNEL MEMBERSHIP Become a member of Firm Learning to support my work and get access to perks: https://link.firmlearning.com/join 📩 NEWSLETTER Sign-up to the Firm Learning e-mail newsletter to continue learning about Business and Management: https://link.firmlearning.com/e-mail ☑️ RECOMMENDATIONS* Books that I loved (Management & Self-development): https://link.firmlearning.com/books Travel like a consultant: https://link.firmlearning.com/travel GMAT study material: https://link.firmlearning.com/gmatstudy My video equipment: https://link.firmlearning.com/myequip... Learn to code (with 50 USD discount): https://link.firmlearning.com/udacity Skillshare - start taking courses with free trial: https://link.firmlearning.com/skillshare 🎧 AUDIOBOOKS* This is a link to the audiobook service Audible that I use every day. It helps me "read" 50+ books every year. The link gives you a free test month: https://link.firmlearning.com/audible 💬 SOCIAL MEDIA Instagram: https://link.firmlearning.com/instagram LinkedIn: https://link.firmlearning.com/linkedin TikTok: https://link.firmlearning.com/tiktok Facebook: https://link.firmlearning.com/facebook Links are Affiliate links. This means I receive a revenue share whenever a purchase is made via the link. The price for you stays the same. Please always do your own research when signing up with other services. I cannot be held liable for any misrepresentations or damages, except for gross negligence. Thank you for supporting my work at Firm Learning! All views expressed on this channel are private opinions of this channel's creator Heinrich. This is NOT an official channel of any consulting firm.