Tip: Measure your net worth monthly

Just as budgeting and controlling spend are critical success factors for building personal wealth, so is measuring your net worth each month.

Just as budgeting and controlling spend are critical success factors for building personal wealth, so is measuring your net worth each month. After all, creating a monthly surplus each month is part of building your net worth. Calculating your net worth is simple and can be done with a quick online check on your bank accounts and investments. It is also good to check how your investments are performing and whether you are on track with your financial goals. The table below shows a simple way of doing that:

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