1178: How to Measure and Track Your Wealth by ESI of ESIMoney on Net Worth Tracking & Savings Rate

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

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🗓️ 31 May 2020

⏱️ 9 minutes

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Summary

ESI of ESI Money shares how to measure and track your wealth. Episode 1178: How to Measure and Track Your Wealth by ESI of ESIMoney on Net Worth Tracking & Savings Rate ESI Money is written by "ESI", a 50-something retiree. The site is basically a list of what's allowed him to become financially independent and how you can implement those successes in your life. His philosophy is simple and focuses on doing three simple things to achieve financial independence: earn, save, invest. There's a bit more to it than that, of course, but if you can concentrate on these three areas, they will get you at least 90% of the way there. The original post is located here: https://esimoney.com/how-to-measure-and-track-your-wealth/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is
0:02.0	episode 1178,
0:04.0	How to Measure and Track Your Wealth
0:06.0	by ESI of ESI Money.
0:09.0	And hey again, I am your host and narrator.
0:11.0	My name is Dan and welcome to another Sunday edition of optimal finance daily.
0:16.0	This is where I read to you from some of the very best blogs in the world, with the permission of our terrific authors of course.
0:22.0	And if you like today's episode here on optimal finance... with the permission of our terrific authors of course.
0:22.6	And if you like today's episode here on optimal finance daily,
0:25.4	you'll probably enjoy our other show,
0:27.4	optimal living daily.
0:28.8	Just search for optimal living daily
0:30.5	in your podcast app to find it. So for today I'm going to keep this intro nice
0:34.6	and short for you so let's get right to our post as we start optimizing your life.
0:38.7	How to Measure and track your wealth by ESI of ESI Money.com
0:49.0	One key to building wealth is to measure it and track progress regularly. Just like there's no
0:54.8	way to tell what's happening in a sporting event without a scoreboard, you can't determine your success
0:59.3	in growing wealth without some sort of tracking. As a scoreboard is to a sporting event, your net worth is to your financial status.
1:06.0	It tells you how much you really own.
1:09.0	Yeah, other factors matter,
1:14.0	in how they impact the key financial measure, net worth.
1:18.8	So what is net worth?
	...

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