Apr 30, 2023
In this episode, we're talking about the second most important financial metric to track, which we call Assets Under Management (AUM). Everything that you do, whether good or bad, affects your AUM. And it's a great number to track because it's a way to measure your financial progress, and if you're moving forward financially.
Links:
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Get your FREE AUM spreadsheet - https://seedtime.com/smrl-aum/
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Our Book: Simple Money, Rich Life - https://seedtime.com/smrl/
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Watch this episode on our SeedTime Money Podcast YouTube channel (https://youtu.be/oinQjX87kL4)
These are a few of the topics we cover:
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Everyone should know their AUM (no matter their financial class)
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Why we don't like the term "Net Worth"
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Why AUM reframes your thinking into true stewardship
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Why you should track your AUM
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How to determine your assets
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How much debt do you have?
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How to calculate your AUM
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How often should you check your AUM?
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Good managers know what they are managing
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See improvement with your AUM by just making a few tweaks
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God is waiting for you to take that first step in faith and trust Him
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Find more in Chapter 2 of our book: Simple Money, Rich Life
If you haven’t checked out our best-selling book Simple Money, Rich Life (https://seedtime.com/smrl/), we think you’ll love it. It was named the 2022 Book of the Year by ICFH and has over 600 5-star reviews on Amazon, and is best described as “a money book for people who don’t read money books.”
You can take it for a test drive for FREE at https://SeedTime.com/sample where you can download chapter 1 of the audiobook, grab the 1st 2 chapters of the ebook version, and even get the 5-week book study companion guide.