Full Guide To Track Your Net Worth To Increase Your Wealth

Have you heard – poor people work only for income and Rich people work for net worth., why is that? I don’t know the exact reason. But, I think that, in most cases, lack of financial education and financial awareness are the reason for it (Robert Kiyosaki talks about fake education and teachers in his new book)Generally the poor man does not know much about his net worth, And he is also not absolutely serious about it. They care about somehow increase income or salary And they think the Net worth is not for them.

Top 5 reason to know your net worth:-

They Think Net worth belongs only to the rich, big people and the company and the business only… But this is not true … whether poor or rich Everyone has their own personal net worth, Whether the person knows about it or not Friends Note that – Net Worth is very important for any person or any business Net worth Is a very important financial value, And I believe Each of us must aware about their Net Worth And why am I saying this…

ALSO READ:- ROBERT KIYOSAKI NEW BOOK FAKE REVIEWS PART-2

I am going to tell you 5 Reason, which will give clarity on why you must know your net worth…

So that you can understand the importance of net worth. The Very 1st Reason…Why you should know about the concept of your net worth? Net worth is the basic concept, it is the primary parameter, and it’s Decide who is rich, and who is poor, And if you do not understand the concept of a net worth properly, then You will never know who is really rich, who is really poor, As an example,

If you go through this list of the world’s richest men Mr. Jeff Bezos, owner of Amazon.com, is the world’s richest man today in 2019 And if you talk about India ……. you can see that Mr. Mukesh Ambani of Reliance Industries is India’s richest man … Now the question is – why, and on what basis is this list made Or on what basis it has been decided that Mr. Jeff Bezos is the richest man in the world, And Mr. Mukesh Ambani is India’s richest man?

Full Guide To Track Your Net Worth To Increase Your Wealth
Full Guide To Track Your Net Worth To Increase Your Wealth

So the simple answer is – NET WORTH, Yes, NET WORTH is the basic and most important factor, On the basis of which it is decided who is the richest man, and who is the poorest man. this is the first reason And that is why you must have an absolutely clear concept of worth in your mind, Because – if you don’t know the concept of net worth, So you will never know why Jeff Bezos is the richest man in the world .. Or why Mr. Mukesh Ambani is India’s richest man.

Now let’s talk about that second reason… Why you must know your personal net worth Net worth helps you a lot to understand that where you stand financially..today… And how many assets you really made, on which there is no loan or liability And When you know where are you today by calculation your net worth. You can easily understand that.. Where do you want to go financially, and how can you go there And for that, what steps you have to take.

first Like – if you calculate your personal net worth And you see that you have a total asset of 50 lakhs, But when you see that you have to pay 25 lakh rupees for a home loan, And you also have to pay 5 lakh rupees more in the form of credit card, personal loan or other liability, So you can understand that – your real net worth is 20 lakh rupees

And now by looking at the net worth, you can see your real financial picture and understand that You are not really as rich as 50 lakhs but only 20 lakhs as rich, And now after understanding your real financial status with the help of net worth. You can do good financial planning for your future life by taking some right financial decisions about it. What exactly do you have to do to be as rich as you want to be?

Now let’s talk about that third reason… Because of which you must keep information about your personal net worth, And that third reason is that – Net worth helps you a lot in understanding the real financial status of a business and a person. when you understand the net worth of a person or a business correctly, Then it becomes easy and more worth to do business with them… And also you can make a better decision to invest in a business, If you are clear about their current net worth …and doing business accordingly..you can avoid future problems…

Full Guide To Track Your Net Worth To Increase Your Wealth
Full Guide To Track Your Net Worth To Increase Your Wealth

As you may have noticed – most of us have a habit, Most people like to talk about their wealth, house car, land property, And they tell people more and more about their wealth and assets They talk and keep talking about their asset But, often they hide how much debt they have, And how much they owe in the market Like – maybe a person has assets of 1 crore. There is a magnificent house, and it has a magnificent car … and it looks very rich …. and does great things. But if you check his net worth then you find that there is a loan of 70 lakh on top of that person So now after understanding his real net worth…


if you are doing business with them…it may be okay… keeping his net worth in mind, If you do a partnership, or while lending money to hem, you can make a better financial decision But if you don’t see the net worth and do business without knowing their net worth… It may be regret and wrong financial decisions in the future… So it is very important that – any person with whom you are dealing Or any business you are investing in … try to understand its net worth very well on a priority basis and then decide whether you should really take any business deal with him or not? So that you have not to regret later And friends …

Now let’s talk about that fourth reason… Why you must keep information about your personal net worth, and that is – whether it is about your own net worth … or the net worth of another person or of any business … Good and strong net worth is a sign of financial stability and financial success Whereas a low net worth and weak net worth are a sign of financial instability and financial failure Like – one crore assets and zero loans means – 1 crore net worth Which may be a strong net worth which is a sign of financial stability and financial success But on the other hand, the total assets of 1 crore but 70 lakh loan means only 30 lakh net worth. And compare to the first one shows a low and week financial status…

So when you understand the concept of net worth correctly. then you know that if you want to achieve financial stability and financial success …. and to be truly rich you have to make your net worth strong And that is why – Rich people work for net worth, while poor people work only for income, The higher your net worth the more stable and financially successful you will be And friends …

Now let’s talk about that fifth reason… Why you must keep information about your personal net worth, and that is Whenever you want to take a new loan, the net worth helps to understand that How will that loan affect your financial status And whether the burden of this new loan will be comfortable for you, Net worth also helps you to understand that – – If in an unfortunate case in the future if your business is closed … or if you lose your job And because of which you need to close all your loans close together… So in such a case, does your net worth really support to repay that loan with interest?

Full Guide To Track Your Net Worth To Increase Your Wealth

it should not be Negative net worth when you try to pay all the loans together. Like – Suppose your total wealth is 50 lakhs. And a 30 lakh home loan and another loan is already on you, And in such a situation, you want to take another new 5 lakh car loan So this means that your net worth which is already 20 lakhs By taking this new loan, your net worth will be 1.5 million And maybe it will have a very negative effect on your financial status in an unfortunate case in the future…

So, guys .. I hope that after you understand these five reasons and must have understood well … that you must understand the concept of net worth and its importance … And now you know that – why you should worry about your net worth .. and you should be aware of your net worth.

THANK YOU…

12 thoughts on “Full Guide To Track Your Net Worth To Increase Your Wealth

  • Pingback:why we need TO INVEST INTO EMERGENCY FUND for securing our future

  • Pingback:6 STAGES TO ACHIEVE FINANCIAL FREEDOM - societykarma

  • May 10, 2020 at 10:38 am
    Permalink

    I needed to compose you that bit of remark just to say thanks a lot as before just for the exceptional pointers you’ve provided here. It has been so tremendously open-handed with you to grant unhampered just what a few people would’ve offered as an e-book in making some dough on their own, even more so considering that you might have done it in case you desired. The ideas also acted to become a easy way to comprehend other people online have the identical desire just as my personal own to see more and more with regards to this condition. I know there are some more pleasant moments up front for people who see your site.

    Reply
  • May 13, 2020 at 2:41 pm
    Permalink

    I needed to create you this little bit of note to be able to say thank you again for your pretty guidelines you have featured in this article. This is quite surprisingly generous of people like you to give freely exactly what a few individuals might have distributed as an e book to end up making some dough for themselves, particularly considering the fact that you might well have done it in the event you decided. These things also acted to become fantastic way to realize that someone else have a similar dream really like my personal own to realize somewhat more in respect of this matter. I believe there are many more pleasurable situations up front for those who scan your website.

    Reply
  • May 17, 2020 at 3:00 am
    Permalink

    I precisely needed to thank you very much again. I do not know the things that I would have implemented without the actual tips shown by you on such a field. It had become a very frightening case in my view, however , viewing this specialized technique you handled the issue forced me to leap for contentment. I will be happier for your information as well as pray you know what a great job that you’re providing teaching the mediocre ones via a blog. I am sure you have never encountered any of us.

    Reply
  • May 22, 2020 at 4:23 pm
    Permalink

    I precisely wanted to thank you very much once more. I do not know what I would’ve taken care of in the absence of those tips and hints discussed by you regarding such a area. It had become a fearsome scenario in my opinion, but discovering a specialized approach you dealt with it made me to weep with fulfillment. I am just happy for this work and then sincerely hope you recognize what an amazing job your are accomplishing training the others via your web blog. Most probably you have never met any of us.

    Reply
  • May 25, 2020 at 4:28 am
    Permalink

    Thank you a lot for providing individuals with such a brilliant chance to check tips from this website. It can be very useful and packed with a great time for me and my office fellow workers to search the blog really 3 times per week to see the new guidance you will have. And lastly, I’m just always happy concerning the amazing pointers served by you. Some two tips in this post are in reality the finest I’ve ever had.

    Reply
  • May 27, 2020 at 5:55 pm
    Permalink

    I precisely needed to appreciate you once more. I am not sure the things that I would’ve created without the actual hints documented by you about such area. It became an absolute scary situation in my view, but coming across the very expert technique you resolved that took me to cry for gladness. Now i’m grateful for this information and in addition believe you really know what a powerful job you have been getting into training many people through the use of your websites. I’m certain you have never got to know all of us.

    Reply
  • May 30, 2020 at 1:44 am
    Permalink

    I not to mention my buddies were found to be following the good points found on your web blog while the sudden developed an awful feeling I had not expressed respect to the web blog owner for those tips. Those young boys appeared to be consequently excited to read through all of them and have clearly been enjoying these things. Thanks for turning out to be really helpful as well as for having some decent subject areas most people are really desirous to know about. Our honest regret for not expressing appreciation to sooner.

    Reply
  • June 1, 2020 at 3:57 pm
    Permalink

    My husband and i felt really cheerful Jordan managed to finish up his investigation because of the precious recommendations he received out of your web page. It’s not at all simplistic to just always be releasing helpful hints that some others have been trying to sell. And we also fully understand we need the writer to be grateful to for that. The type of explanations you have made, the easy site menu, the relationships you make it possible to engender – it’s all great, and it’s really assisting our son and the family believe that the content is exciting, which is certainly truly pressing. Thank you for the whole lot!

    Reply
  • June 3, 2020 at 11:23 pm
    Permalink

    I wish to convey my appreciation for your generosity supporting folks that really need help with the question. Your real commitment to passing the solution all through appears to be quite useful and have truly allowed men and women like me to achieve their objectives. This warm and helpful hints and tips entails so much a person like me and somewhat more to my fellow workers. Best wishes; from all of us.

    Reply
  • Pingback:Attitude is everything |story|jeff Keller - societykarma

Leave a Reply

Your email address will not be published. Required fields are marked *