Why you should track your Net Worth

Your Net Worth is the positive sum total of your assets (such as stocks) minus any liabilities (such as a mortgage or credit card debt). I like to include the market rate of possessions such cars, motorbikes and tools in the Net Worth too, because if need be you could liquidate them and turn them into assets. For example, this could be the sum total of your house, car, retirement savings and savings account minus any debt or loans you have on those, such as a mortgage, car loan or credit card debt.

Read more

Financial Independence Retire Early (FIRE) for beginners

Financial Independence gives you the choice to direct your time and energy into the things that you truly value, rather than the things that don’t (like working that 9 to 5 grind…). It’s about working out what you value the most, and empowering you to have the freedom of choice. This uses the core principles of mindfulness and minimalism.

Read more