If youโre not starting a business or creating a large liquidity event and want to be wealthy – youโre in the business of getting rich slowly.
Progress here is best measured in years & decades instead of weeks and months.
This is difficult. Heck, I donโt like setting goals more than three months out. Yet, this long-term approach suits the W2 worker who seeks to benefit from compound interest.
To that end, January is the time of year when I like to add everything together and see how weโve done compared to years past. It is a great exercise, and the value in it comes from having multiple years of data. Looking back is rewarding & motivating to keep going.
If you want to do your own annual net worth statement, you can use this link to a google sheet (the same one I use) and make a copy for yourself.
Cheers to another year!
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