How everyday Americans are retiring as millionaires
Understand your net worth Burns says understanding your net worth — and tracking it throughout your working years — is the first step to retiring comfortably. Your net worth should rise throughout your working years and allow you to retire with more assets than debts. To find your net worth, add up all of your assets then subtract your debts. Stay out of debt Staying out of debt is key to building wealth, Burns says. Making wise spending decisions, such as buying a used car instead of a more expensive new car and paying it off for years, can go a long way to growing your net worth. If ...
Source: businessinsider.com