Reported about 22 hours ago
To achieve millionaire status, it's crucial to concentrate on three essential numbers: your net worth, your savings rate, and your rate of return on investments. Understanding and tracking your net worth helps you gauge your financial progress, while increasing your savings rate can considerably shorten the time needed to accumulate wealth. Finally, investing wisely to ensure a favorable rate of return is vital for growing your wealth effectively. This article emphasizes the importance of simplifying wealth-building strategies by honing in on these three metrics.
Source: YAHOO