Instagram influencers and their misleading information about net worth
Apr 16, 2021
9 Comments
Blinders, take a dig at their calculation method.
https://www.instagram.com/reel/CNZ876VJO9m/?igshid=3dv6r5fvfho9
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TC 350K
#personalfinance
comments
Net Worth = (Age x Pre-Tax Income) / 20
For example: At age 40, someone earning 7.5 lakh a year should have a net worth of 15 lakh.
I think she means the expected/healthy/benchmark net worth for you? Not the actual net worth but how much it should be.
Not sure if it still makes sense.