4. Your Network = Your Net Worth

Your net worth is the total value of all your assets, minus all of your liabilities.

It is important to know your net worth so you can calculate how much progress you're making and how close you are to financial independence. Banks and investment advisors ...

1. Don't spend all your income at once: the easiest way to grow your bank account is NOT to spend it all.
2. Know how the Economy works.
3. Avoid debt; personal debt destroys your net worth like nothing else.
4. Save as much as you can: find the figures that make you feel comfort...

• Knowing your net worth provides you with an actual state of your finances.
• It can also tell you how close you are to achieving financial independence.
• Tracking over time helps you know if you're spending too much month after month.
• When opening a bank or brokerage...