This video explores how we can increase our net worth to pursue financial independence. It offers practical wisdom on how to get there and emphasises how important it is to our personal finances.
- It starts with learning about net worth and how to track it on an annual basis
- We then address how important it is to budget and track our cash flow to maximize our savings and investing
- With liabilities being half of the net worth equation, becoming debt free is incredibly powerful to increasing your net worth
- Between saving aggressively, having an emergency fund, maximizing our Roth IRA, 401k and after-tax brokerage accounts, this will be the key to building wealth and becoming financially indepedent
