Brad’s New Concept

Dec 6

Discover the secret to your long-term financial well-being in this episode as we dive into Brad's concept of "real net worth." While net worth is commonly used to gauge financial success and retirement readiness, the calculation is often misunderstood. In this episode, you’ll learn about the nuances of your true assets and liabilities, going beyond conventional measures to see where you truly stand.

Listen in to hear the dynamics of debt, exploring its ever-changing nature and the adjustable rate mortgage it represents to the IRS. You will come away understanding the true tax impact of your financial decisions, how to navigate the complexities of net worth calculations, and more.

What You’ll Learn:

How to calculate real net worth.
What you need to know about your debt to the IRS.
How your debt can change over the years.
The importance of understanding the true tax impact of your distributions.

Ideas Worth Sharing:

“Your real net worth is your true assets minus your true liabilities.” - Brad Gotto
“Your debt to the IRS isn’t like a mixed rate mortgage to your bank, it’s an adjustable-rate mortgage.” - Brad Gotto
“You need to understand the true tax impact of your distributions.” - Brad Gotto