Net Worth = Total Assets - Total Debts
If you have Zero Debts, Then start Investing to Increase your Assets in turn to increase your Net Worth.
If you have Debts (like 99.99% of the People in the World), then focus on the Debts first.
STEP 1: Prioritize your debts based on the Interest Rates
STEP 2: Prepare a debt repayment plan...
How much should I pay towards debt each month?
By When I should clear this debt?
What will I need to cut-off from my spending to pay the debt?
STEP 3: Start Clearing the debt
STEP 4: Look for every opportunity to move funds towards clearing debts..
Ex., Salary Hike, Windfall profit
STEP 5: Start the repayment as little as possible...but START
STEP 6: See the Debt Melt and march towards financial freedom
If you have Zero Debts, Then start Investing to Increase your Assets in turn to increase your Net Worth.
If you have Debts (like 99.99% of the People in the World), then focus on the Debts first.
STEP 1: Prioritize your debts based on the Interest Rates
STEP 2: Prepare a debt repayment plan...
How much should I pay towards debt each month?
By When I should clear this debt?
What will I need to cut-off from my spending to pay the debt?
STEP 3: Start Clearing the debt
STEP 4: Look for every opportunity to move funds towards clearing debts..
Ex., Salary Hike, Windfall profit
STEP 5: Start the repayment as little as possible...but START
STEP 6: See the Debt Melt and march towards financial freedom