Day 1 photo

New to the Live Richer Challenge: Net Worth Edition? Learn more about it HERE.

Week 1: A Wealthy Mindset

This Week’s Goal: To learn what your net worth is, why it’s important, and how to develop a wealthy mindset.

Today’s Easy Financial Task: What does net worth mean?

How to rock this task:

  • Learn the meaning of net worth
  • Write goals for growing your net worth
  • Speak your desires into existence

 

Welcome to Day 1 of the LRC: Net Worth Edition, Dream Catcher!

Woot, woot!

I hope that you’re as excited as I am!

On the very first day (TODAY!), we’re going to tackle the actual meaning of net worth and you’re going to write down your goals.

If you’re unfamiliar with the concept — don’t be alarmed.

Net worth is a financial term that gets thrown around a lot, but isn’t always defined.

 

What is Net Worth?

Net worth is the sum of all of your assets subtracted by your liabilities or debts.

Net worth is not to be confused with your income.

Your income is how much money you earn.

Net worth is the value of everything you own (assets) subtracted by your debt (liabilities).

Here’s the equation:

 

Assets – Liabilities = Net Worth

 

Remember this equation; We’ll be referencing it many, many times during this Challenge!

 

Examples of Assets and Liabilities

 

Assets

Cash is an asset, but just one type of asset.

Assets are anything you own that has value including anything that puts money into your pocket such as:

  • Stocks and bonds
  • Real estate
  • Land
  • Jewelry
  • Art
  • Cars
  • Collectibles
  • Investments

 

Now, let’s talk liabilities.

 

Liabilities

Liabilities are things that you owe other people. Liabilities reduce your net worth. Basically liabilities are anything that takes money out of your pockets.

  • Bank loans
  • Hospital bills
  • Income tax debt
  • Credit card debt
  • Student loans
  • Mortgages and home equity loans

 

Your Net Worth Goal

Now you know what your net worth is!

*Happy dance!*

Your next step today is to write a goal for this Challenge. 

Goal setting is a step that should never, ever be missed.

To attain the level of wealth that you desire, you must have a clear understanding of the goals you’re trying to reach. Your goal should follow these rules:

  • Be realistic
  • Be a goal that will motivate you
  • Be specific and measureable

 

Here are a few examples:

  • I want to increase my net worth by $10,000 by the end of 2018
  • I want to decrease my liabilities by $5,000 by January 2018
  • I want to go from a negative net worth to a positive net worth by December 2018

 

Write goals using your goal worksheet below.

DOWNLOAD THE GOAL SHEET

Keep this sheet handy.

You’ll be filling out the second part of it (action steps) later in the Challenge!

 

Say It Loud!

Your last task for the first day is to speak the mission of this Challenge into existence.

There’s an unimaginable amount of power in saying your intentions out loud.

That’s what I want you to do next.

Click, then save/screenshot/download and share this image on your Instagram, Facebook and/or Twitter feeds:

taking-challenge-net-worth

 

Check in With Your Accountability Partner(s)

Make sure your accountability partner(s) are in the game.

Don’t have one?

Then you have a little more homework to do. Find someone to do this LRC: Net Worth Edition with.

They don’t have to be a financial guru, just someone who’s willing to do the daily task alongside you. Having an accountability partner is one of the ways to increase your likelihood of success.

Remember, you can find accountability partners in our private Dream Catchers: Live Richer Community.

Before you go, leave a comment below. 

What is your goal? We all wanna know!

Share what you’re doing during this Challenge with your peeps.

I’m getting my net worth poppin’! #LiveRicherChallenge #LRCnetworth Click To Tweet

Live richer,

Tiffany

 

You can reach out to me here:

Twitter: @thebudgetnista

Instagram: @thebudgetnista

Facebook: The Budgetnista

Private Forum: Dream Catchers : LIVE RICHER

 

P.S. Don’t forget to get your free Live Richer Challenge: Net Worth Edition Starter Kit. GET IT HERE

P.P.S. Here’s a copy of the Challenge Calendar. It’s a fun way to keep track of your progress.

LRC Net Worth Calendar

 

Want to work through the Live Richer Challenge: Net Worth Edition in a workbook? It’s part of a bestselling series!

Click the link below and get your copy.

  • Megan Light

    I will double my networth by December 2018

  • Aja Jones

    I will have positive networth by December 2018. Thanks budgetnista.

  • Leslie Hall

    I will believe in myself and roll up my sleeves to turn around my networth by the end of 2018!!!

  • Shauntay McFarlane

    I will have a positive net worth and will decrease my liability by $5000 or more by December 2018.

  • KeepHopeAlive Stephens

    I will decrease my liabilities by $3000 by December 2018 and increase my net worth by $1,500.

  • Deidra Mackrey

    I will gain employment
    Obtain. Positive net worth
    Move to a different state

  • Nicole Mister

    I will decrease my liabilities by $10,000 by December 2018

  • Maxine Chivers

    I will increase my net worth in 2018 by getting money for my emergency savings each week. I will avoid going back into credit card debt by having other savings accounts.

  • NaturallyFabulace

    I will increase my net worth by being more responsible with spending, saving consistently, and learning to/taking action on investing in 2018.

  • Devyn

    I will decrease my liabilities by 3800 by December 2018 and will save 2400 by December 2018.

  • Jap

    I will increase my net worth by December 2018.

  • fruitbowlk

    I will increase my Net worth by 27,000 in 2018!

  • GettingBetter

    I want to have a positive net worth by Jan 2019!!

  • Lisa E. Reed

    I want to have a savings of 1,000 or more by the June 2018.

  • DrTia Harris

    I will decrease my liabilities by $14,000 by Dec 2018.

  • OrangeButterfly

    I want to reduce my liabilities by $20K and work toward a positive net worth in 2018.

  • Ebony Morris

    I will increase my net worth by building my savings in 2018

  • I’mJustBeingHonest

    I will decrease my credit card debt by 30% by February 1, 2018.

  • Pamela Grant

    I will decrease my liabilities by $10000+ by December 2018.

  • C L

    I will decrease my liabilities by $3000 and increase my savings by $3000 by Dec 31, 2018

  • Christie R. Buchanan

    I will go from a negative net worth to a positive net worth by the end of 2018

  • Niecie Mickles

    I will decrease my negative networth while gaining positive networth substantially by following through this challenge and being consistent with what i learn thereafter. #2018 #beDOPE 😊😊😊

  • Sheron Legette

    Increase my networth by $5k by paying off my student loan and other small debts.

  • Cheryl Davis

    I will decrease my negative net worth. To build positive networth by at least 2,000 within the first year..

  • Bernadette

    I want to decrease my liabilities by 10k in 2018.

  • Keri

    Increase my net worth by $2,000. Decrease my student loan debt

  • Tascha sutton

    My net worth is negative. Going forward I would like to get rid of $10,000 of liabilities for 2018

    • Tempe Williams

      I also have a negative net worth, this is the year we will build it!

      • Tascha sutton

        Indeed!

    • THIS is the year to turn it around.

  • Nora Ayers

    I will decrease my negative net worth to positive net worth in 2018.

  • Nakia Outlaw

    How do I estimate my home value without an official appraisal?

    • Denesha Hebert

      trulia an zillow are not exact but gives you something to start with.

      • Nakia Outlaw

        Thank you!

  • Janell Jennette

    I will decrease my liabilities by 3,000 by December 2018.

  • Raki

    I want to increase my net worth by at most $15,000, and decrease my liabilities within this year 2018!!

  • Margaret Knight

    I will decrease my liabilities by 6000 at the end of 2018

  • Tempe Williams

    I will decrease my liabilities by $5000 by the end of 2018 and increase my net worth by building my savings

  • Nicole Ds John

    I will decrease my liability by $3,000 and save $10,000 by Dec 2018

  • Demina Stewart

    Im going to get my net worth in a positive status by December 2018

  • Lyndriell Arnee Williams

    I am going to increase my net worth and decrease my liability by $5000 in 2018. I will also recur someone in my community and take them on this journey with me!

  • Pamela Grays

    I will decrease my liabilities by $10,000 by the end of 2018

  • Jackie

    I am going to decrease my liabilities by $7000 by December 31, 2018

  • Lisa Gray

    Decrease liabilities by 5000 and increase net worth by 10,000 by June 15 2018

  • deja gordon

    Decrease my liabilities, student loans, and increase savings.

  • TheSavvyAccountant

    I will eliminate all my debt (minus mortgage) by April 2018
    I will increase my worth by $20,000 by December 2018
    I will increase my investment in the stock market by $2000 by December 2018

  • Heather

    The only debt I plan on having at the end of 2018 are student loans and my car. I WILL pay off ALL credit cards and loans this Year!!! I want to be able to have at least $5,000 in liquidity and increase my credit score by 200 points!

  • Dimetrice Ellis

    I want to go from a negative net worth to a positive net worth by December 2018.

  • Goddess-Bryan Candy

    I want to decrease my liabilities by $5,000 by December 2018 and I want to go from a negative net worth to a positive net worth by December 2018.

  • Tiana

    I will decrease my liabilities by $16, 925
    I will increase my assets (savings) by $4,800

  • LaRaye

    I want to decrease my liabilities by $10,000 and increase my assets by $5000 by Dec 2018 for an over net worth increase of $15000 or more.

  • Char Bee

    I will increase my assets by $40k by December 2018.

  • Michaela Cornwall

    I want to decrease my liabilities by $7,000.

  • dontea_hunter

    I will decrease my liabilities by 9,000 by December of 2018

  • Sheena Wiggins

    I will decrease my liabilities by $5000 and increase my assets by $2000.

    • Sheena W

      By December 2018

  • Silver Wizard

    I want to decrease my liabilities by $12000 and increase my net worth by $15000

  • Shay L.

    I will decrease my liabilities by $10000 and increase my assets by $5000 and thus increase my overall met worth by $15000 by December 2018.

  • Crosena Chrissy Crosby

    I will decrease my liabilities by $7,000 and increase my assets by $10,000

  • Zepora Folks

    I will decrease my liabilities by $5000 and increase my assets by $6000 by the end of 2018

    • Patty Palmer

      Our goals are similar. We can do this!

  • Jackie Brewe-Smith

    currently NO debt but may need to buy a car soon. Working on retiring prayerfully by June 2020 & want to increase my retirement fund by 30-50%

  • Nahomie

    Hi! My goal is to increase my assets (investing) by $40,000 by December 2018 and decrease my liability (student loans) by $15,000 by December 2018. God is good!

  • Dena Crecy

    I will decrease debt by 5K and increase liabilities by 7K by the end of 2018.

  • Tami Shelton

    My goal is to increase my assets by 10K by the end of 2018..and decrease my liabilities. I want a net worth to be proud of. 💃🏽(My happy dance)

  • Joyce Humphreys

    My goals for this challenge are: 1. To pay at least 3 debts off in full .2. Save 7,000 for life emergencies. 3. Increase my Income by 2,500 per month in a six month period.

  • Renee Ghent

    I will decrease my Liabilites by $5000 and increase my assets by $2000 by the end of 2018

  • Angellica Dyson

    I will increase my assets and decrease my liabilities!! I’m getting my net worth out the negative!! I’m so ready!!

  • Layla

    My goal is that I will increase my net worth by $5000 by January 2019! Speaking it into existence!

  • Nicole Ballen

    My goa is that I want to increase my net worth by $5,000 by December 2018.

  • s.lilia

    I will get my net worth out of the negative and into the positive. My goal is to build a positive net worth and keep it there indefinitely, increasing by $10,000 each year beginning in 2019. I will execute and maintain actions to progress towards this declaration and goal. AMEN!

  • Patty Palmer

    I will decrease my financial liabilities by 6K by April 2018. I will increase my financial assets by 5K by September 2018.

  • T Nelson

    I will decrease my debt by $14k and increase my savings by $2k.

  • Nicole Andrus

    I will decrease my liabilities by $5,000 by May 31, 2018.

  • Brittany LaNyce

    My net worth will continue to be in the negative until I reduce my $100k+ student loan debt. I will focus on what’s attainable this year which is to decrease my credit card debt by $5K.

  • Kimalesha Brown

    I have $8k in credit card and personal loan debt. I want to cut this in half by the end of 2018. And I want increase my net worth by $2k in the same time frame.

  • Wanda Vereen

    My goal is to pay off 1 credit card by April 2018 and to go from a negative net worth to a positive net worth by Dec 2018. Focus on the Positive!!

  • Channa Comer

    My goal is to decrease my liabilities by $10,000 by the end of 2018.

  • Latisha Taylor

    I will decrease my debt by 15,000 by July 31 2018. Increase my net worth by 15,000 by December 21, 2018.

  • lawmom93

    I will decrease my debt by $10,000 and increase my net worth by $10,000.

  • Beverly Jones

    I will increase my assets by $5000 2018 and decrease liabilities $10,000 by 2019.

  • Truetomyself Jones

    I will decrease my liabilities by $10,000 and increase my net worth by $10,000 by December 31, 2018

  • Charlene

    I will pay off omy credit card by March 2018, and 2 negative items on my credit report. I will increase my credit score by 100 points.

  • Monica Cornelius

    I will increase my net worth by $10,000 by December 2018 by:

    1. Paying off $2,316 in retail/credit card debt and $608 in installment debt by July 2018.

    2. Paying off $6,369 in retail/credit card debt by December 2018.

    3. Saving $1,000 for emergencies (Money Bucket acct.) and $315 in regular savings.

  • Jimella Monroe

    I will increase my net worth by $5,000 by June 2018. I will pay off the remaining student loan $2,949.28. I will pay off my Visa credit card $3,003.97. In six months, I will save $2400 ($100 per pay) for my emergency fund.

  • Candice Jackson

    I will increase my net worth to 10,000 by Dec 31,2018
    By reducing my medical debt, increasing my savings and adding additional income e

  • Missy Melton

    I will focus on getting my net worth out of the negative with $100k+ in student loans. I will focus on making my payments consistently and on time. I will decrease my liabilities by $5000 by June 2018!

  • Sha C HG

    I filed CH 13 bankruptcy late 2017. My goal is to stick with the bankruptcy repayment plan and increase my savings by putting away 5% of my income every two weeks. That will increase my assets while I work on paying off my liabilities.

  • Traci Bell

    My goal is to go from a negative to positive net worth by December 2018.
    My action #1 is to pay a mininal of 8-12 consecutive student loan payments.
    My action#2 is to save $2500 to establish/maintain for my emergency fund.
    My action#3 is increase my credit utilization by December 2018.

  • Lillian Sykes

    I wii increase my net worth by 20k by Nov 2018 reducing my credit card debt.

  • Tanyeka

    I will increase my Net Worth by 8,000 by the end of 2018 and I will decrease my liabilities by 5,000 by the end of 2018 also and put a huge dent in my student loans. Let’s do this Ladies!

  • Jenein Hamilton

    I will increase my net worth by 5000 in 2018 and decrease my liability by 2000 in 2018.

  • Evvie Smith

    I will increase my net worth by $6000.00 and decrease my liability by $3000 by December 2018

  • Nicole Garris

    I will decrease my liabilities and increase my assets by Jan 2019

  • Jadaboss

    I never thought about my net worth until now. Little disappointing to know my net worth is negative, I have some work to do and I will be increasing my net worth, and a eliminating my debt. My student loan is killing my me.

  • Rhonda Moore

    My goal is to save, save, save. Decrease my liabilities by $3500 and increase my assets by $7000. I would love to do $10,000 but baby steps.

  • Tawana Carter

    My goals for 2018 are to pay off all of my credit card debt totaling $10,000, increase my credit score to at least 780 and buy a home by Dec 31.

  • Jennifer Winston

    I want to go from a negative net worth to a positive net worth by December 2018. I want to learn more about investing and the right things to invest in. I would like to increase my savings account. I want to put extra money to the side to take a few weekend vacations; nothing extravagant.

  • Nahema Carty

    I will increase my net worth by decreasing my liabilities by $3000 by Dec. 2018.

  • Karla Belida Wright

    My goal for this year is to reduce my credit card debt by 1/4 of the total and increase my each of my savings accounts by 1/2, while also purchasing living room furniture and a new, hopefully more supportive, mattress.

  • Shovonne Woods-Hill

    I want to go from a negative net worth to a positive net worth by December 2018. I want to increase my credit score by December 2018. I want to payoff all my medical debt by December 2018

  • Pat Porcher

    Putting the actual numbers on paper is bit numbing. But I’m determined to do the work. My goal for 2018 is to decrease my liabilities by $10,000 by Dec 31.

  • Peta-Gaye Daniel

    By the grace of God, I want to go from a negative net worth to a positive net worth by January 2019.

  • Lizzyfly F

    I will decrease my debt by July 2018 increase my liability by December 2018 by imcreasing my network. I’m working on my credit with a credit company who works with a mortgage company. I need to have a saving account, emergency fund, gainful stable employment to sustain my lifestyle.

  • Michelle Gelin Sherrell

    I will increase my net worth by $5000 by October 2018. I will also save $2500 for emergencies by December 2018.

  • Amber Hawkins

    I want to increase my net worth during 2018.
    I want to create an emergency savings fund equivalent to 6 months of living expenses.
    My debt includes a little over $2000 in student loans I will pay off.

  • Shalane Peterson

    I will increase my assets by $5000 and decrease my liabilities by $10,000 by December 2018

  • Melissa Clements Newbill

    I want to increase my credit score,save 2500 in my savings and go from a negative net worth to a positive net worth by December 2018.

  • Kim Boyer

    My goal is to have a positive net worth, increase my credit score by 100 pts , increase my retirement savings and decrease my credit utilization by 50% by Jan 2019.

  • Della Prioleau

    I will decrease my liabilities by $5000 and increase my net worth by January 2018.

  • Tonya Canady

    I will decrease my liabilities by $5,000 and increase my assets by $20,000 by the end of 2018!!!!

  • Dree Duberry

    My goal is to begin the journey from a negative net worth to a positive net worth, to decrease my debt and to increase my credit score during 2018.

  • Sekeithia Pierre

    I will increase my net worth by $5,000 by October 2018 and decrease my liabilities by $15,000 by the end of December 2018.

  • Glenda

    I will become debt free in 2018 by reducing my liabilities by $35,000 by December 31, 2018. I also want to increase my net worth from a negative to a positive by December 31, 2018.

  • JESS LOVE

    My goal is to increase my net worth by attaining assets
    I will pay off 2,500 of my student loans.
    I will save 10% of my income to buy a house and car. I will also save 5% of my income until 12/31 for weekend getaways and 2 vacations by 12-31-18

  • Debra Chavrier Cowler

    I will decrease my Liabilities by 8K by June 30, 2018. By default, my networth will increase that amount. 🙂

  • Theresa Shanelle Mays

    I will decrease my liabilities by 2,000 and have a net worth of 5,000 by August 2018.

  • Steph M

    I will decrease my liabilities by $6000 and increase my savings by $2500 by December 1, 2018.

  • Amanda

    I will decrease my liabilities by $8,000 by December 2018.

  • Jan Alexander

    The goal is to increase by 15K and decrease by $6K.

  • Nicole Gholson

    I will clear my credit card debt, clear my parent plus student loan and save $30,000 by the end of 2018.

  • Diana Howell

    Seeing the numbers is scary. I want to decrease my liabilities by $4000 by December 2018 and have at least $2000 in emergency funds.

  • Karima Abdul-Salaam

    To increase by net worth by eliminating my debt to zero by Dec 2018 and Live by cash only starting in 2019

  • Quita J

    By December 2018 I will decrease my liabilities by $3,500 and will increase my assets by $5,000.

  • Shanay Dorsey

    I want to go from a negative net worth to a positive net worth by December 2018

  • Tia N Williams

    By December 2018, I will decrease my liabilities by $6,850.87, which is the remaining balance on my car loan.

  • Charmaine Glover

    I want to go from a negative net worth to a positive by December 2018. I am a LRC veteran but would like to do the challenge over again now that I have a accountability partner which is my sister and my daughter.

  • Gail Simmons

    By December 2018 I will increase my savings by $9,000 and decrease my liabilities by $9,000 and stop compulsive spending.

  • Ronnisha Medlin

    My Goal is to Increase my Net Worth by $17,000 (realistically) or $34,000 (aggressively) by October 2018.

    Action Plan1- Pay Off $5,424 of financial Debt (mostly credit cards that are in good standings)
    Action Plan2- Save $5,788 for Home buying in 2019
    Action Plan3- Save $5,788 for Emergency Savings

    Double numbers under aggressive goals!

  • Janita Daley

    My goal is to decrease my liabilities by $3500+ by December 2018.

  • Racquel

    I will decrease my liabilities by 10k. Start my business by Sept 2018. Increase my financial knowledge, and confidence as a result, by 12/31/2018!

  • Ashley Stewart

    By December 31, 2018, I will increase my assets by $5,000 and decrease my liabilities by $2,500.

  • Estella McCullough

    I will decrease my debts by 5k, and save 10k by the end of 2018.

  • Luchana Grant

    By December 31, 2018 I will decrease my liabilities by a minimum of $5000.

  • Takiyah Smith

    In 2018 I will increase my assets by $4000 and decrease my liabilities by $3000.

  • Eileen Collins

    My goal is to pay off my second mortgage by December 2018.

  • Nicole Bryant-Smith

    I want to go from a negative net worth to a positive net worth by December 2018. I want to start earning residual income from my part-time business. I want to save $1000 for an emergency fund. I want to begin paying my debts, and increase my credit score. I want to buy a home.

  • Dorothy Etienne

    I will increase my net worth from negative to positive by December 31, 2018.
    I will find a new job.
    I will pay off my student loans by August 2018.
    I will save $2000 by December 2018.

  • Claribel Aguilar Whyte

    I will increase my Net Worth by $10,000 by December 2018.

  • Barinda Perkins

    I want to increase my net worth by 20k by December 2018! I will acheive this goal by starting a new online resale business w/no overhead and no minimum start up cost! I will sell items from my closet. I will continue to teach part time until I land a full time job in my field — all of these actions which will enhance my ability to earn more money.

    I will also minimize my spending on impluse shopping to manage my emotions. I will pay all bills as agreed to save on late fees. I will work to pay off credit card bills and pay extra on my student loans.

    With rent and inflation… I know when I purchase my home in 2018 this will ultimately save money.

    • Devona Shakya

      Sounds almost identical to my goal. Love it!

      • Barinda Perkins

        Ha! Devona, that’s interesting and thank you. Do you need an accountability partner?

  • Sheree Tankladie Johnson

    I will increase my net worth from negative to positive by December 31, 2018…
    I will find a job…
    I will pay off Any bills on my credit report by January 2019…
    I will save $2000 by December 2018…
    I will start to earn residual income from my home base business….
    I will save $1000 for an emergency fund….
    I will buy a home by July 2019..

  • Dionne Shaw Bush

    I will increase my net worth by 5k per month for January, February, and March 2018; and I will decrease my liabilities by $2,500 per month for January, February, and March 2018

    • Tatianna Inspires

      WOMAN, I LOVE IT!!!!!!! YOU’RE MY INSPIRATION.

      • Dionne Shaw Bush

        Woot woot – likewise lady : we inspire each other!!!

    • Frantzie Barbara

      Hi Ms. Dianne Bush,
      I am very impressed with your goal. Would you please share things you would do to gain this asset. I am a 21 year college student and I am interested on investing in something. Please share if can please.

      • Dionne Shaw Bush

        Hello Barbara,

        This is a STRONG goal of mine, one that l’ve NOT spoken before…my goal is to closely follow (and apply) the advice given during this LRC.

        On my end: putting my hands to the plow increasing my clientele, offering more services and products, etc – so far sooo good!

        Thanks for your inquiry,
        Dionne

        P.s. what are your goals?

    • Great goals! How are they going?

  • Yvonne Livingston

    I will decrease my liabilities by reducing my credit card debt. I will start an emergency fund and savings account. My goal is to purchase some property, or a house by the end of 2018.

  • C Suddeth

    In 2018…
    I will secure income.
    I will decrease my liabilities by $5k.
    I will increase my asset/savings by at least $10k.

  • Tamika Wells

    I will decrease my liabilities by $5,000 on or before December 31st 2018 by setting monthly budgets and goals

  • Telisa parker

    By December 2018 i will increase my net worth from negative to positive. By july 2019 i will be a homeowner.

  • Sheila Beckford

    I will pay off my credit card debt, medical bills and 1/3 of my student loans by the end of 2018.

  • Latoya Ellis

    I will decrease my liabilities by $7,000 by November 2018.

  • Tiffany Gooch Hardin

    I will go from a negative net worth to a positive net worth by December 2018. I will continue to grow my emergency fund. I will help and encourage my husband’s business.

  • Tamica Reynolds

    I will go from a negative net worth to a positive net worth by decreasing my liabilities for example getting on a repayment plan for my student loan and pay any tax or hospital debt down begin to save consistently and learn and start investing to increase my assets by the end of December 2018.

  • Tatianna Inspires

    I will decrease my liabilities by 25% or more by this time next year! My negative NET WORTH will increase to a POSITIVE NET WORTH by December 2018. I will apply knowledge and get my net worth on point.

  • Katina Dorsey

    I will decrease my liabilities by $10,000 by January 2019.

  • Phala Williams

    I will move from a negative net worth to a positive net worth by December 2018. I will create a budget monthly and stick to it. I will start an emergency fund with my fiance by March with $1500 to start. I will pay my bills ON TIME and pay off smaller debts on my credit to increase my poor credit rating. I will have a home by June, 2019.

  • sing1412

    I will earn an additional 18,000 by December 2018 thru Primerica, Total Life Changes and Plannet to tackle my student loan, honor my pledge of $5660 to my church, thus decreasing my liabilities and increasing my net worth! I will increase my investments and start my emergency fund through the MAP program thus having at least 2000 set aside by 12 2018

  • Nikki Brown

    I am growing my networth while decreasing my liabilities. By December 2018, I will be credit ready to purchase a new home form my children and me.

  • Renee Robinson

    I want to increase my net worth by $5000 by December 2018. I want to decrease my liabilities by $2500 by December 2018. I want to increase my credit score by 100 point by the end of the year. I want to earn residual income from my side business. I would like to be a homeowner by the end of the year.

  • Margaret

    I will pay off credit card debt, reduce student loan debt, and purchase a piece of real estate.

  • Sherease Rogers Obonagirl

    I will decrease my liabilities and increase my net worth by 10,000 by December

  • Christina Wade

    I will increase increase my networth by $5,000 by January 2019 by paying off $1,200 in credit card debt by June 2018. I will pay down $2,000 of student loan debt by Dec 2018, and I will save $2,000 by Dec 2018, I will also increase my streams of income by $500 ton help increase my networth.

  • NaTasha Houchins

    I will increase my net worth by $15,000I will save $4,000 and learn to BUDGET by the end of the year 2018 because I have not been able to work for over a year and I’m ready to change that ASAP. My goal is to be able to purchase a vechicle and take care of my 3 nephews whom I now have custody of because of a family tragedy and I have 3 children of my own and 3 granddaughters. I’m beyond ready for a change. I’m also looking for an accountability partner I live in Anderson Indiana 20minutes from Indianapolis.

  • Love-Asia Vann

    I will decrease my liabilities by 5,000 and have a net worth of 10,000 by Dec, 2018.

  • Tatiana Gregoire

    My overall goal is to decrease my liabilities to $0 and to increase my net worth to $10,000 by December 2018. By June 2018 I plan to have my credit cards paid off and by February 2018 I plan to have all my medical bills paid off.

  • Leigh Curvin

    I want to save $5,000 and pay off $5,000 worth of credit card bills by December 2018.

  • cocochele

    I have to find an accountability partner ASAP!

    • Sheila Frazer

      I’m also looking for an accountability partner. Will you be mine?

      • cocochele

        sure, I will inbox you on fb…check your “other box”

  • Katina J Snow

    I WILL DECREASE MY LIABILITIES BY REDUCING MY CC DEBT AND PAYING OF MY STUDENT LOANS. RESTART MY EMERGENCY FUND, START TO INVEST IN (SOMETHING) AND TO FIND/PURCHASE A HOME BIG ENOUGH FOR A POOLTABLE

  • Nicole Bates

    I want to increase my net worth by $1,000 by the end of 2018 by doing my saving challenges.

  • Sheila Frazer

    I will increase my networth by $8000 by September 2018; I will give more value to making small but consistent spending/savings decisions this year; What resonated with me is understanding my ability to pay for something is different than my ability to afford it!

  • Melonie Motley

    I will decrease my liability by 6K by December 2018 by paying off 4 credit cards and 2 loans. I will increase my net worth by 5K by increasing my savings via saving challenge and taking on more clients as part of my side gig and if I should reach my goals earlier than expected, I will continue to decrease liability by paying off 2 additional credit cards and student loans one by one.

  • Phyllis Martin

    I will decrease my liabilities by reducing my credit card debt. I will start a emergency fund and find/purchase a home in 2019.

  • Gloria Speed

    I will increase my emergency fund by $1200 by December 2018. right now I don’t have one.

  • Tasha Jesuslovesyou

    I want to repair my credit.

  • Freely Yolie

    I will increase my network by 8k+ by 1/2019.

  • Jay

    I will payoff my credit card and pay additional principal on my mortgage.

  • LaShawnda

    I joined this challenge, but I’m only on instagram. How can communicate with the group without joining any of the other social media sites. And I don’t have an accountability partner.

  • Tenesia LC

    We will pay off 50% of our income tax debt by December 2018
    We will pay off all credit card debit by August 2018
    We will increase our savings by $5000
    Thus increasing our net worth by $10K

  • Trici Coleman

    I will go from a negative net worth to a positive net worth by Jan 2019. I will do this by decreasing my liabilities by paying off more debt and by increasing my assets by investing in more stocks and starting a savings account that I will not touch or have access to a debit card

  • Danielle O. Johnson

    make/save an extra $10, 000 by December 2018. Go into 2019 in positive financial standing by 10K

  • Latricia Hudson

    Pay off Bank loan, become entrepreneur 2018.

  • Janelle Dibinga

    I will increase my net worth from negative to positive by the end of 2018. Some of the steps I will take are purchasing a house, decrease my credit card balance, paying off my student loans, increasing my monthly income and using a budget.

  • Lee Hernandez

    I will decrease my liabilities and increase my net worth. I will pay off my credit cards in 3 months. I will get on a strict budget using my bank software and continue to put most of my residual monies into my established savings account to save up for my first home. I will also like to raise my credit score. By the end of the year 2018 I would like to have established a retirement portfolio and understand more about investing.

  • Ivette

    I have a short term with my mortgage getting paid off but a long haul with my student loans being paid off but attainable. My goals 1st is getting a job then to increase my net worth by decreasing my liabilities of my mortgage & student loans by the end of 2018 a total of $113,437. Then by decreasing my liabilities of the two mentioned by the end of 2018, then finally completing my negative net worth from the two to a positive net worth by the end of 2018.

  • Tasha McRae

    I will become debt free 2018. I will save money with plans I have in place. I will keep and have a positive mindset 2018 and years come!! https://uploads.disquscdn.com/images/2830b090dff1623428c8739df05297dd0167bd4d7b176bdc460d57627e0a753c.jpg https://uploads.disquscdn.com/images/667cfca2a9a0ef69ae199f3d7365a6202c059bb3c3a7e72bcfa24f6af0f659ff.jpg

  • Patricia Smith Robey

    My goal is to purchase a new car and condo by end of 2018

  • Natalie Perez

    I will increase my Net Worth by $10,000 by the end of 2018 by eliminating debt and finding an extra source of income.

  • Terri Evans

    I will decrease my liabilities by $5000 plus by the end of the year. I will increase my net worth from negative to positive within 18 months.

  • Cassandra Hicks

    I will increase my net worth by 5K by 12/15/2018 with the help of God and the Budgetnista.. I will become debt free by paying off student loans and credit cards by 12/30/18 with the help of God and the Budgetnista.

  • Melissa IssaDiva Pearce

    Soooo if I understood this correctly my house & car serve as liabilities not assets (until they are completely paid off) That leaves my net worth at well….. lets say very, very negative… I definitely want to decrease my liabilities such as my credit cards. My personal goal for that will be by Feb. 2018. I have been doing so for the last year; so I am on task. I want to focus on saving & not wasting money. One short term goal is to take my children on a cruise or to an island in 2018. And long term to build my savings from nothing to at least 15,000 within a three yrs. As well as teach my children to save.

    • Dena

      If you have equity in your home and if you owe less than your car is worth, you can consider the equity an asset.

    • Not true necessarily. The asset is the car or home’s total value. The liability is the amount you owe on the asset.

      It’s possible to OWE more than you OWN on the asset though.

  • Francheska Joy Walker

    I will decrease liabilities!

  • Leidy Elena Nabutete

    I am going to pay off my credit cards and hospital bills. Next I will start an emergency fund and open a savings account and look into retirement account options.

  • Ruby M. Grimsley

    I will decrease my liabilities $10,000 by August 2018. 1-Pay off $1737 May 2018, 2-pay off $2500 Student loans by Nov 2018 and 3-have $1500 emergency Fund by Dec 2018.

  • Devonte Roach

    My goal is to decrease my liabilities by 45% by December 2018 as well as increase my income by 50% by December 2018!

  • LaDonna Couch Brown

    I will start an emergency fund. My goal is to purchase a home by the end of 2018.

  • Aleschia Hughes

    I will increase my net worth and decrease my liabilities and make investments in residual income

  • Shanda Gadsden-Barker

    My goal is to increase my net worth in 2018 to $10,000

  • Kimberly Smith

    I will decrease my liabilities by $5000, start a college savings account for my daughter, and start an emergency fund.

  • Stephanie Bryant

    I will decrease my liabilities by paying off my 3 credit cards. My goal is to have a net worth and no liabilities.

  • Jeanette

    My Net Worth Goal is to decrease my liabilities by paying off credit card debt and increase my assets by building an emergency fund and savings account.

  • Jeanette

    Amendment to prior stated goal: I will decrease my liabilities by 15k by paying off credit card debt and increase my net worth by 8k by establishing savings and emergency funds via various financial challenges.

  • Ain’t Life Grand

    I will decrease my liabilities by paying off my Pension Loan by October as well as two personal credit union loans and try to save at least $2000 for emergencies. This will increase my net worth by $10,000.

  • Jeanette

    Revised amendment to prior stated goals: By December 2018, I will increase my net worth by 8k via various savings challenges and decrease my liabilities by15k by paying off credit card debt.

  • Marsha Clarke

    I will increase my net worth by $5,000.00 by December 2018.
    I will decrease my debt by $4,000.00 by September 2018.

  • Yolanda Ecklin

    I will increase my network by $5000 by December 2018, I will decrease my liabilities ( student loans) by $2500 by December 2018, I will purchase a piece of land & or purchase a home in 2-5yrs.

  • Intention2018

    I will decrease my liabilities by $10,00 by 12/31/17.

  • Deborah Ivey

    I will increase my net worth by $6000 by December 2018.
    I will decrease my student loan by$2000.
    I will decrease my credit card debt by $2000.
    I will increase my savings by $2000.

  • Fran

    I will go from negative to positive net worth by December 2018.
    I will start a 401k plan by March 2018.
    I will increase my sales with my home bakery business by March 2018.
    I will decrease my liabilities by reducing my credit card debt by March 2018.
    I will save $2000 by December 2018 for emergencies.

  • Ayisha Bennett

    I will increase my net worth by $10k by the end of 2018. Slowly but surely.

  • Sonia Smith

    I will decrease my liabilities by a minimum of 2% each month, beginning January 2018; and I will increase my assets and improve my net worth in equal increments. I will begin paying off debt immediately, and increase my income by the end of this month (January 2018).

  • Grace Chef Odogbili

    I will lower my total debt by 7% by Feb 2018. I will increase my assets by launching an additional stream of income to my culinary business and seeking out more catering clients. By the end of January 2018 I will have 5 new clients.

    By December 31, 2018, I will be debt-free.

    By April 1, 2019, I will be a homeowner.

    I am a giver and will give a minimum of 10% of any generated income to causes important to me.

  • Latisha Williams

    I want decrease liabilities by $10,000 by the end of 2018.

  • Faith Delaney

    I will increase my net work by $10,000 by the end of 2018
    I will decrease my liabilities by $12,600 in credit card debt by the end of 2019
    I will continue to save for a grand amount of $5,000 each year starting 2018
    My husband and I will be completely debt free by our wedding date 12/2020

  • Audrey Powdar

    I will pay off all my credit card and student loan debt by June 2018. I have learn that my Want an Need should be a big factor on how I spend money going forward. Tiffany you should make those bands available to everyone in different colors they are a great motivating tool that I could use.

  • Jayde Ella

    I will increase my net worth by £5,000 by 31 December 2018

  • Candice S.

    I will increase my net income by $10K by December 2018. I will decrease my liabilities by paying off my credit cards in 2018.

  • Starr Pack

    I want to decrease my Liabilities by $8,000.00 (paying off credit cards and paying on student loans).

  • Stefanie Dingle

    I will save $2000 by July 2018.
    I will increase my net worth by 10K by December 2018
    I will pay of my credit cards by April 2018

  • Lisa Dent

    2018 Asset/Liabilities Goals
    1) Decrease Liability by paying off 7 credit cards with balances of $1000 or less
    2) Increase Assets by saving $5,050 in TSP and Bank Savings

  • Elisha Lee

    I want to decrease my liabilityies b $10,000 by January 2019.

    I want to go change my negative net worth to a positive net worth by December 2018.

  • shante

    I will like to start 2018 off strong, and here’s how I plan to do just that. I will decrease my debts by implenting the well known “Snow Ball Effect” with all of my debts. I will start off small and move all the way over to defeating any larger debts I owe. I will also like to increase my net worth by saving $5,000 by the end of 2018.

  • Marquisha Wright

    I will increase my net worth by 1k per month by May 2018. I will decrease my liabilites by $500 per month from February to May 2018.

  • Chathan Harvin

    I will save $10,000 by July 2018 and pay off 4 credit cards. I will do this by marketing to get more buyers, sellers and renters.

  • tre261

    My Goals being spoken into existence. I will increase my Net worth by $5,000 or more but starting at $5,000 by December 2018.

    I will do this by paying off one of my C.C with a $3,000 balance
    Paying my $1,500 water bill
    Placing 300 a month in my “Secret” bank account.. lol

    I am going to try my best to complete and fulfill this challenge.

  • Lynette FreeinHim Briscoe

    I will decrease my liabilities by reducing my credit card and loan debt. I will build up my emergency fund and savings account. My goal is to purchase a second home by the end of 2018 and a debt free wedding.

  • Tabb Martin

    My goal is to purchase a new home by Jan 2019. Sell or rent my debt free house I live in now.
    By June 2018 my net worth will be increased by $30,000 by continuing to acquire real money Gold and teaching others how to do the same. I will have at least 10 new affiliates each month.
    I will be decrease my liability by 6,000 and be debt free by December 2018.

  • Crystal Morgan

    I will increase my net worth by 70K by Dec 31st 2018.

  • Davette S

    I will save $5050 in 100 days doing the envelope challenge to reduce my credit card liabilities. Starting with one goal at a time

  • Jalisa Ray

    I will go from a negative networth to a positive network by paying off my $18k in debt by December 2018

  • Sharon Wallace

    I will change my spending habits which will reduce unnecessary debt. I will increase my savings by 200 a month

  • Nadisha Clayton

    I will purchase my first home by Jan 2019. I will increase my emergency fund by $2000.

  • Natasha Croff

    I want to go from a negative net worth to a positive net worth by Dec 2018. I want to be in a position to purchase a home by 2019.

  • Michelle Fuller

    -I will decrease my liabilities by having all credit card balances at 10% utilization by July 27, 2018 (my birthday).. using the debt snowball method.
    -I will have any outstanding debts on my credit report researched /validated /removed by August 31, 2018.
    -I will increase my assets by doing the $5 challenge, using digit, and getting a $1000 emergency fund in place.. all will be accomplished/tracked now through December 31, 2018.
    – My Net Worth WILL be in the positive by January 1,2019 and shortly thereafter I WILL put my 4 children in our dream home!🗣🗣🗣🗣And I’m claiming it all in the name of Jesus!
    Thank you Tiffany❤

  • Maya Clanton

    I will decrease my liabilities by reducing my credit card & student loan debt. My credit score will be increasing this year. I also want to go from a negative net worth to a positive net worth by December 2018. I want to be in a financial place to be able to purchase my first home by my 30th birthday (in 2020). 2018 will also be the year that I maintain a savings account that i don’t have to dip into every month.

  • Que TeeAnnia

    I will DECREASE ALL of my debt by June 2018.
    I will INCREASE my credit score.
    I will INCREASE my savings, and emergency fund.
    I will live a minimalist life style.
    I NET-WORTH will be in the POSITIVE by November 2018!

  • Juelle Washington

    I will increase my emergency fund and savings.
    I will decrease a good portion of my debt by September 2018.
    I will plan and budget my finances more effectively for the year. Budgeting and saving is a challenge for me but I need to face this obstacle and and d

  • Shakala Bentley

    I will increase my network by 3k per month by June and I will decrease liabilities by 5k by June. I would like to start working on legacy wealth.

  • Raissa Maynard

    I will adjust my spending habits to live below my means, and decrease credit card debt to 20% utilization.

  • Jamilah M Seifullah

    I will have a positive net worth by the end of January.
    I will reduce my liabilities by at least 10% this year.
    I will save 1.5K/month increasing my net worth by at least $18,000 in 2018.
    I will have all bills on a payment plan by March 1, 2018.

  • Yolanda King Wilder

    I will decrease my liabilities in 3 months all paid off!!! Started this plan already so I am anxious to see my NET WORTH grow!!!!

  • Ilamosi Agbugui

    I will decrease my liabilities by paying off $3,500 in credit card debt by September 2018. I want to increase my assets by purchasing additional land in 2018.

  • Echols Green

    I will decrease my liabilities by 25% by the end of the year.

  • Destiny Thompson

    Hello Group, My name is Destiny. I’m only 25 but I know that now is the time to take my finances seriously and get a head start on Financial Freedom. My Net Worth is currently in the negative, mainly due to student loans. Here is what I have come up with thus far
    FINANCIAL GOALS 2018
    1. Pay off all credit card debt. From $2,100 to $0 balance.
    2. Consolidate student loan debt.
    3. Create a Student loan debt repayment plan.
    4. $1,000 in Emergency Fund by December 2018.
    5. $2,000 in personal Savings by December 2018.
    6. $2,000 saved for car purchase in March 2019.
    7. $2,000 saved and contributed to Joint Savings account.
    8. Invest $500 with the purchase of my first stocks/bonds/etc.
    9. Create one new source of income in 2018
    10. Start my first business.

  • Basirat Ottun

    I will increase my net worth by $15,000 or more by January 2019

  • Sarida Freeman

    I would like to triple my savings and eliminate my debt by the end of 2018. I already been working on this before I entered the challenge. Not to far away from being debt free. Now I need to work on my net worth and increasing my savings. I’m excited and ready!!!!

  • Yolanda

    By December 2018 my liabilities will be decreased by over 200k. My net worth will increase by 150k. I will save over 1k per month to increase emergency fund to 20k. I will purchase a minimum of two investment properties before November 2018. I will increase my giving by 20%.

  • Deitra Harris

    I will increase my net worth by $5000 by December 2018. I will pay off half of one student loan by the end of December 2018

  • LISA

    Pay off all credit card debt , which is less than $2,000.
    Save more money -increase assets $1,200
    Continue with present saving plan
    Look for house

  • Yulonda Durst

    My goals for 2018 is to increase my business revenue, by using effective marketing strategies that will target the right clients. I Will increase my net worth by $2500 for the next 3 months and decrease my liabilities by $1000 per month during that 3 month period. I have already starting working on my credit by paying my debts, by using the snowball effective. My biggest debt is my student loans; which my goal is to pay the smallest one first and work my way up. My dream is to purchase a home by the end of 2018. With the right help and God I know that the things I desire will come to pass.

  • Faith D Mitchell

    My first goal is to print copies of my credit reports, so that I can calulate my net worth by January 15th.
    My second goal is to decrease my liabilities by paying at least $200 per month starting with the smallest debt and working my way up.

  • Antwenequa Ellis

    I will increase my net worth by $6000 by December 2018
    I will Pay $2000 in Credit Card Debt
    I will Pay $2000 in Student Loans
    I will save $2000 for emergencies
    I am excited to see what positive habits I develop from this new plan! I am determined to put my family in a better financial situation.

  • Florence Druid

    I have 2 goals:
    1-I will not add to my liabilities by using my credit card.
    2-I will pay down my debt by $5000 by the December 2018.
    Note: I was able to save 550 towards my emergency fund by using self-lender. I will do it again for 2018. Thank you Tiffany! #CreditEdition

  • Fran Polk

    I will decrease my liabilities by $8000. I will increase my net worth. I will look more into self lender and try to bring my credit up.

  • Dee Cephus

    6 month short term goal – I will increase my net worth by saving $600 by July 15 in on line savings account I recently opened.
    I will turn my negative net worth to a positive net worth by September 29th, 2018 by decreasing my liabilties by paying off three credit cards that totals $5,500.
    I will Increase by net worth by $8,000 by December 31st by doing wholesale investing.