Jay Parini: I like to track my net worth every month. It's not good or bad, it's just depending on how your situation is. If you're in debt, anytime you make a payment towards a principal, your number is going to be less negative next month. The same thing is if you're saving and paying off debt, the number is going up by more. So that's what I love. All your actions reflect whatever that net worth is with the only exception of a lot of my money's in investment, so if the market crashes, my net worth crashes.
#3: Paula and J. Money share the financial habits they use to grow wealth.
Full show notes can be found at http://themoneyshow.co/03
Listen as they share their favorites (and a couple neat tricks):
- Track Net Worth
- Maximize retirement savings accounts
- Pay bills at least 1 month in advance
- Set up bills on auto-pay
- Leave a buffer in your checking account
- Round up debt payments
- Double the principle payments of your mortgage
Enjoying the show? Please leave a comment or write a short review for the show in iTunes: http://themoneyshow.co/itunes
Learn more about your ad choices. Visit podcastchoices.com/adchoices