Why You Need to Know Your Net Worth
Do you know your net worth? If you don't, you should. This is an important number because tracking it can help you determine if you're making progress in achieving financial independence, or going down a dangerous path that could leave you broke or in debt for decades.
The good news is that figuring out your net worth is very simple. And once you've calculated it once, updating it is easy, and is a great way to see how you're doing when it comes to your money.
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Source Fool.com
