Up Your Assets

Although we are a full month into 2021, I’ve heard so many people say, “it feels like an extension of 2020.”  I’ve joked that 2020 was the year of Flip Flops, Crocs, and Slippers (the number of times I put on dress shoes could be counted on one hand), and it does seem that this trend is continuing thus far.  What does this have to do with finance?  Well nothing actually, but it seemed like a distracting lead into talking about comparing year-over-year net worth and important financial ratios.  

Whenever I write or talk to people about their increasing net worth, I always think about when I was in college, and I belonged to an accounting club (yes, I was a little geeky). We were doing some fundraising and the sweatshirts we were selling had the name of the accounting club on the front and the tagline, “Up Your Assets.” For an 18-year-old, that was so cheeky! Well, here we are 31 years later and I’m being a little cheeky again. I just thought it was so fitting for the theme of this month, which is to understand your net worth and important financial ratios.

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