245 money in your 40s and 50s
Dev Raga Personal Finance
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Keeping an Eye on Your Net Worth in Your 40s and 50s
Net worth is a nice barometer to let you know which direction your financial life is generally headed. The net worth should be a positive number but sometimes it may be a negative number in your 40s and 50s as you may have debt which you're still unpaid. Your net worth may grow a lot in your 30s and 40s but in your 50s it may actually go sideways due to competing interests such as children or families. This is why setting up systems early on means it keeps happening in the background irrespective of whether life happens or not.
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