In this episode, I discuss the importance of maintaining a written budget and tracking your net worth. Having a budget creates the foundation for your spending habits. As well as giving you clarity on the amount you would like to invest, save, and spend every month. 

A budget holds you accountable and creates a productive habit with managing your personal finances. Essentially it allows you to see what's coming in with your income and what's going out with your expenses. 

Tracking your net worth is beneficial because it gives you the ability to stay focus on your financial goals. It gives you an overview of your financial health and it emphasizes the decisions you make with your investments. Tracking your net worth also keeps you motivated on eliminating your debt and it shows the true impact of your financial decisions. 

The personal capital app website is below that tracks your net worth:
https://www.personalcapital.com

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