One of the most powerful concepts in your personal financial success is net worth. Simply put, your net worth is the difference between the value of what you own and the value of what you owe. By tracking it regularly and taking actions to increase it, you will have an exceptional foundation for your personal financial future. There are three simple steps for calculating your net worth in a way that will make it highly useful for your financial planning.
If you ask most people whether they would like to earn a pay raise, they would answer yes.
If you ask them whether their boss is likely to give them a pay raise, they would most likely answer no.
However, there is a reliable way to give yourself an after-tax pay raise in any year and any economy. This fool-proof strategy is to track your spending and tighten-up your budget, regardless of your pay.
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