Money rules to increase your net worth
- Don't spend all your income at once: the easiest way to grow your bank account is NOT to spend it all.
- Know how the Economy works.
- Avoid debt; personal debt destroys your net worth like nothing else.
- Save as much as you can: find the figures that make you feel comfortable
682
2.84K reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to showcase your skills and experience
How to answer common interview questions
How to make a good first impression
Related collections
Similar ideas to Money rules to increase your net worth
Know Your Net Worth
It can help you to determine when you are and how to get where you want to be.
- You can identify areas where you spend too much money. Do you need it or merely want it?
- Pay Down Debt. You can develop a plan for paying down debt.
- Your net worth figures can motivate you to...
Your net worth
Your net worth is the total value of all your assets, minus all of your liabilities.
It is important to know your net worth so you can calculate how much progress you're making and how close you are to financial independence. Banks and investment advisors ...
Why you should know your net worth
- Knowing your net worth provides you with an actual state of your finances.
- It can also tell you how close you are to achieving financial independence.
- Tracking over time helps you know if you're spending too much month after month.
- When opening a bank or brokerage...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates