The second tip in the column on good financial advice is:
Keep track of your assets.
No doubt it is a very important habit. Keeping track of expenses and income is essential to be aware of one’s finances and to make, accordingly, the best decisions for the future but also for the present.
Monitoring your net worth is an essential step in managing your finances. ur net worth can measure your financial progress, whether you are getting out of debt, building an investment portfolio, or both.
Net worth is the result of all those daily and weekly decisions you make that eventually add up. All of these are reflected precisely in the net worth. Thus, it is the way to measure your financial progress over the course of each year.
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