Every once in awhile it's good to realize that net worth is the key financial measurement for us all. Yes, income is important as is spending, but net worth is really the key. It determines how well we're doing financially -- the progress we're making at growing our wealth. And on this topic, there's no better source than the great book The Millionaire Next Door. To see what this book says on the subject of net worth, see Net Worth is What Matters, a post I wrote (almost) one year ago today.
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August 14, 2006
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Those who ignore the net worth ignore themselves. This tool is very useful for our business. It was for me.
Posted by: Lucy | August 14, 2006 at 04:43 PM
Luckily, net worth is easy to determine too.
Posted by: Tim MMF | August 15, 2006 at 12:40 PM