Steadily and consistently increasing our net worth often has me concerned that I’m missing something, doing something wrong or doing it too slowly so it is time I set myself (and my family) a new short term goal.
All tagged Net Worth
Becoming an Investor*
All your working life you are trying to increase your net worth so that when you finally stop working you start to slowly spend it to live on. If upon retirement each year you take 4% out of your pot of savings it will take about 30 years to boil the pot dry. So what can you live on a year? Do you need to invest $100K, $200 or $500K?
Tracking Your Net Worth
It is important to track your net worth. How else can you know where you are financially so that you can plan for the future? The most important thing is to understand your financial position today so you can be moving in the right direction.