Life is busy, I get it. The last thing you need is one more thing on your to do list.
Mastering your finances seems really time consuming and complicated. I tried to simplify it as much as I could for you but it ended up being 12 steps to a kick a$$ life. And those 12 steps didn’t include some really important things that help us move through the steps more quickly like figuring out your why and tracking your net worth. And it didn’t include things like making a will and getting life insurance which are critical if anyone depends on your income or in-home work.
If I had to pick one thing to have everyone do (after getting life insurance*) it would be to calculate your net worth. Your net worth is like a business’s balance sheet. What you own minus what you owe. Calculating my net worth kept my eye on the prize and was my secret weapon to achieving early retirement. Once you start tracking it, your mind automatically thinks differently about earning and spending decisions–you want your net worth to go up each month.
Net Worth = What I Own – What I Owe Continue reading “If You Can Only Do One Thing”