15 Ways to Rocket your Net Worth to The Moon
15 Ways to Rocket your Net Worth to The Moon Your net worth is THE measuring stick for your wealth. Simply put, your net worth equals your assets minus your liabilities. Keep increasing your assets and decreasing your liabilities. Wealth will be yours. 1. Start tracking it What gets measured gets improved. Add up your assets and liabilities. Some examples: Assets: -IRA -Cash -Home value -Brokerage account Liabilities: -Mortgage -Credit cards -Student loans I like calculating mine quarterly. 2. Set up a budget You need to be efficient with your money. And a budget is the best way. Track your expenses from the last few months to see where everything is going. 3. Eliminate large expenses Take a big bite out of your expenses by doing something crazy. Like downsizing your too big house. Or getting rid of your unnecessary second car. Be real with yourself and make a bold move if that's what it's going to take. 4. Get your 401k match Most companies offer a 401k match, even if you...