In making that happen, it’s important to focus on incomeearning more.
But Financial Samurai makes a solid argument about why net worth might deserve more of your focus.
He writes:
It’s all fine and dandy to have a $20,000 a month income.
Growing your net worth requires a higher level of financial acumen than growing your income.
A higher level of security: You feel more secure about your financial situation.
Of course, this isn’t to say that income isn’t important.
It is, and, in fact, net worth and high income usually go hand in hand.
And this focus can be helpful when planning for financial goals.
Check out the full article for more detail.
Focus On Building Net Worth Even More Than Growing Income| Financial Samurai
Photo by401(K) 2012.
