Net Worth

Your financial net worth is the difference between what you own and what you owe. If everything you own is worth $150,000 and you owe $50,000 on your home, your net worth is $100,000. I’ve tracked my net worth for the past 20 years by entering the number on a spreadsheet each month, something I would encourage you to do as well.

But I give that advice with two reminders. First, don’t confuse net worth with self-worth. Your chart will go up and down as God leads through the different seasons of life. A short season of decline doesn’t mean you are a failure or out of God’s will.

Secondly, remember there is no correlation between your net worth and your value to God. He loved the most impoverished soul on the planet enough to die for them and He’ll love you regardless.

That being said, understanding and tracking your net worth can help develop the best financial practices, which are most often the best practices for redeeming the time.

Rick Grubbs is best known as the host of “Redeeming the Time,” a one-minute radio program featured on hundreds of radio outlets around the world. He has spoken thousands of times on Biblical time management in all 50 states and 26 other countries. He is the author of the book “Morning Momentum: God’s plan for launching an unstoppable day.” He and his wife, Carrie, live in Salisbury, NC, with several of their 12 children.

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