![]() Tracking your net worth is like weighing your assets, except in this scenario, you want to see the number go up. If you’re trying to lose weight, what’s the most motivating thing that can happen? Seeing the number on the scale go down after you eat well and exercise for a few days. It tells our subconscious, Hey, this is working – keep doing this.Īt the risk of using another cliché, think about a physical health journey. There’s something about seeing growth (and your hard work paying off) that re-energizes and re-incentivizes. Humans in an individualist, capitalist society like the United States really love progress. I was a Psych minor at a giant SEC state school, which means I’m 110% qualified to pontificate about human psychology on the Internet. ![]() It’s handy, dandy, and most importantly, free (frandy?).īut first, let’s talk about why tracking your net worth is important. ![]() Today, I want to spend some time reviewing the pros and cons of a tool I like to use called Personal Capital. You know what they say: If you can’t measure it, you can’t grow it (or something cliché like that).
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