Net Worth

If you want to get where you want to be financially, you need to track your 1) income, 2) expenses, and 3) net worth.  This is non-negotiable.  These three numbers and whether they're going up or down month-over-month are the greatest indicators of your financial trajectory.  Little else matters when it comes to reaching your financial [...]

If there is one question I ask when determining the likelihood of someone reaching their financial goals, it's this: "How much has their net worth increased (or decreased!) from a year ago?" It's not about how much you make.  I have met people making $40,000 per year who retired by 35, and I have also [...]