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Episode Info: Our last podcast focused on calculating your net worth. I will move on to budgeting in our next podcast but I wanted to take a minute to help you determine your net worth more precisely by "looking between the couch for missing money," so to speak. When I was a kid, I didn't get allowance because my parents were not well to do enough for that. I got the necessities, nice clothes and shoes but that was it. Money never passed through my little paws. Nonetheless, sometimes I would want to go down to the Admiral gas station and get a twenty five cent Shasta pop. It was in those times that I would be desperate to find money and would search all over the house for spare change. Every now and then the gold mine was in between the seat cushions of the couch. Many times I would find enough coins to purchase a soda and sometimes find enough to get a Little Debbie snack as well. Last night I was sitting in a financial meeting and I got an email from Fidelity Investments telling me that my quarterly statement was available. When I opened the message, there was verbiage encouraging me to "Take action on your workplace savings plan." I thought to myself, "Hmmm, what could this be?" Years ago, when I moved cities and left a particular job, I had taken a large amount of money out of my 401(k) and moved it elsewhere. However, I unintentionally left enough in the account for my money to make money for me. Over the last seven years the investments I had left in my 401(k) for a job I had not worked for in about the same amount of time, were paying me dividends between $50 -$100 per quarter over that entire course of time. That money grew to over $8000 in less than 7 years without me making any contributions.   The reason I share this information is two fold: To demonstrate the power of having investments. There is no bank in the world that is going to pay you $50 a quarter to let your money sit with no contributions. Having your money in an investment account will grow your money significantly compared to letting it sit in a bank account. To encourage every listener to check with all your former employers and "look between the couch for missing money" that you may have left behind. Don't get your hopes too high and expect to find $8,000. That was really a great surprise but you never know there may be a couple dollars that you can add to your financial net worth. How could I have missed this money? The answer is simple. I was young and dumb....ok maybe th
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