2528: 5 Reasons You Need To Track Your Net Worth To Build Wealth by Lisa Harrison of Mad Money Monster

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 24 November 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2528: Lisa Harrison of MadMoneyMonster.com advocates for the essential practice of net worth tracking, detailing five compelling reasons that underscore its significance in building wealth and achieving financial independence. By monitoring net worth, individuals can gain a clear picture of financial health, stay motivated, measure against peers, observe growth, and curb frivolous spending. Read along with the original article(s) here: https://madmoneymonster.com/2018/02/01/why-tracking-your-net-worth-is-one-of-the-best-things-you-can-do/ Quotes to ponder: "Tracking our net worth has been the single best thing we ever did for motivation." "When you know your numbers and you’re watching your net worth skyrocket compared to your peers, it becomes a lot easier to control unnecessary spending." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Meta for Work.
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0:49.0	This is Optimal Finance Daily episode 2528.
0:55.0	Five reasons you need to track your net worth to build wealth.
0:59.0	By Lisa Harrison of Mad Money Monster.com.
1:02.0	And I'm your host and personal finance enthusiasts,
1:04.9	Diana Merriam.
1:06.4	Now let's get right to today's post
	...

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