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Episode 2528:
Lisa Harrison of MadMoneyMonster.com advocates for the essential practice of net worth tracking, detailing five compelling reasons that underscore its significance in building wealth and achieving financial independence. By monitoring net worth, individuals can gain a clear picture of financial health, stay motivated, measure against peers, observe growth, and curb frivolous spending.
Read along with the original article(s) here: https://madmoneymonster.com/2018/02/01/why-tracking-your-net-worth-is-one-of-the-best-things-you-can-do/
Quotes to ponder:
"Tracking our net worth has been the single best thing we ever did for motivation."
"When you know your numbers and you’re watching your net worth skyrocket compared to your peers, it becomes a lot easier to control unnecessary spending."
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