You know Jeff Bezos is the world’s richest and Aliko Dangote is Africa’s richest, but do you know your net worth?
By the way, given the stock market rally, Aliko is $1.51 Billion richer since we said happy new year.
To measure is to know – if you cannot measure it, you cannot improve it. – Lord Kelvin
It’s easy to just keep living your life – making money, buying stuff, putting some money in savings but not making real progress in terms of growing your net worth.
Calculating your net worth allows you to track your growth, so if income grew by $5,000 and net worth grows by only $1,000, you know you spent most that additional income.