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Give yourself some wiggle room so you can be consistent every single month. Let that sink in for a moment. Paying off a debt is similar to getting an immediate known gain comparable to the rate paid.
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Knock out these easy things before putting your first dollar into an investment account. There are a lot of people who earn really high incomes yet spend almost every dollar they earn sometimes even spending more than they earn. But net worth — essentially the fiscal Highrst of your household — is a great measurement.
Go figure out what this is now, and also check it a couple of times per year. This is the number you need to start paying attention to when you are working toward building wealth.
This exercise is key for your overall financial planning. Before getting started on your investing, take a few moments to think about what is really important to you….
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