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3 Stats You Need to Track Each Month to Get Rich | 1 Minute Money Talk

 

Getting rich is not that complicated. It’s not easy, but it’s pretty simple really.

 

I’ve talked about this in the past, but spend less than you earn, invest the difference and avoid debt and you will be set.

 

So while you’re doing those things, you need to be tracking these 3 stats: income, expenses, and net worth.

 

By tracking your income and expenses you will be aware how much surplus you have to invest. If you are a W-2 employee with a salary your income might not change much, so focus your energy on lowering your expenses and maybe creating a side hustle.

 

By spending less than you earn, and investing the difference, you should now watch your net worth grow each month (unless the stock market is down). By watching these 3 stats, you undoubtedly will improve them and gain even more motivation as you see improvement.

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