In this insightful discussion, we focus on the four key numbers that can help you achieve millionaire status 🌟 Most people track too many financial metrics and feel overwhelmed, while successful individuals emphasize these four specific areas that can predict long-term wealth.
1. **Annual Income Growth**: It’s vital to not only know your current income but to track how much it increases yearly. Ideally, aim for at least a 10% growth rate instead of settling for the typical 3-5%, which often gets eaten up by inflation.
2. **Fixed Monthly Expenses**: Keeping a close eye on your expenses can help you streamline your budget and free up resources for investments.
3. **Saving & Investing Rate**: Commit to saving and investing at least 30% of your income consistently. The dollar cost averaging strategy is highly effective when investing.
4. **Net Worth By Age**: Monitor your net worth regularly. This includes your assets minus liabilities, providing a snapshot of your financial health.
For personalized guidance, consider joining my **1:1 mentorship program** if you have over $100K sitting in a low-interest account:
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By Steve | Call to Leap