Is your net worth where you want it to be? Is it straight up depressing? Younger millennials and those right out of school probably don’t have much to look at, but for the older crowd, we should be seeing our net worth getting larger every year. If you’re ready to kick-start your net worth, here are four ideas…
Decrease your debt: If you’re having to make debt payments every month, you’re definitely not going to be good at saving money. Get out from under that debt as soon as possible so you can go back to focusing on putting money aside for the future.
Take free money: Do you have a 401k? Some companies will match contributions, and if yours does, you need to take advantage. Free money is the best.
Make more money: Are you due for a raise? Do you deserve one? Then ask for it. How do you spend your weekends? Considered a part-time job? Working a second job for a few hours on the weekend is a good way to increase your income.
Stop renting and BUY: Owning real estate is a great way to build your net worth. If you’re ready to buy your first home, make it happen. The longer you rent, the more money you’re throwing away.