How to achieve 1 million dollar of Net Worth With 1 million dollars of Net Assets (wealth), an individual is among the world 1 top % together with other 46.8 million people. At first, it could sound like an excellent achievement to join the bottom end of the 1 % top...
How long does it take to double my money? In my article titled “How to calculate my Financial Freedom number”, we practised identifying personal financial goals (Financial Security and/or Financial Freedom number). It is now time to look at the time required to...
How to calculate my Financial Freedom Number using the 4% rule What amount of money makes us feel we have reached “financial security” or “financial freedom”? Do we know the number? Is it 500,000? 1 million? 10 million? Most of us are scared to look at our current...
How to calculate my Net Worth THE FORMULA The formula for calculating the Net Worth is straightforward: sum all your Assets (what you own), and deduct all the Liabilities (what you owe): NET WORTH = ASSETS – LIABILITIES We can clearly add that there is...
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