Julie Meissner, founder and CEO of Treehouse Wealth Advisors, was recently featured in a GOBankingRates article titled “I’m a Financial Planning Expert: Here’s Why Everyone Should Calculate Their Net Worth.”
The article examines the significance of calculating net worth as a fundamental financial planning tool. It discusses how understanding your complete financial picture through net worth calculation can reveal opportunities for optimization and help track progress toward financial goals.
Julie outlined two primary strategies for improving net worth: “Once you know your net worth, there are two major ways to change it over time. The first is increasing your assets. This can be done via saving, earning, investing, or growing your current assets.”
She explained the equally effective alternative approach: “The second major way is to decrease your liabilities, meaning to decrease the amount of outstanding debt you have.” Julie provided a concrete example to illustrate this concept: “While you may not feel like you are saving by putting that $10,000 in your investment account, if you are using it to pay off outstanding debt, you are still increasing your net worth by $10,000.”
Her practical insights demonstrate that net worth improvement can be achieved through either asset accumulation or debt reduction, helping readers understand multiple pathways to financial progress.
Treehouse Wealth Advisors is a fee-only wealth management firm based in the San Francisco Bay Area, serving innovators, legacy builders, and impact makers. The firm provides personalized financial planning, investment management, and wealth advisory services, helping clients navigate significant life changes while working toward fulfilling and meaningful lives.
