GetWealthy
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My goal is to help people to get successful, get the best version of themselves. Tips and tricks to better status and wealthiness.
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How to become financially independent in five years or less
Try these books for FREE: Book number 1. Book number 2 1. Know your financial starting point Start by calculating your current net worth. This is the total value of all your assets minus any debt you owe. Once you know where you are, it's time to set goals and work backwards from there. For example, if your starting point is $5,000 in debt and $2,000 in assets, then your goal should be to get out of debt first before investing. If you have more assets than debt, start building an emergency fund and saving for retirement. If you have more debt than assets, stop buying things on credit cards (the interest can really add up!) and pay off as much as possible each month. Focus on paying off debts with the highest interest rates first. The sooner you're debt-free, the better.
By GetWealthy3 years ago in Humans
