I’ve been tracking my finances closely and noticed my net worth isn’t growing as fast as I’d hoped, despite saving and investing regularly. I’m starting to wonder if I’m missing something crucial. Can anyone explain what the main factors are that can increase or decrease a person’s net worth? I’m particularly interested in understanding what might be holding me back.
For you to increase your net worth, you should increase retirement contributions, maximize contributions to retirement accounts, use employer matches, start early, tackle high-interest debt, streamline expenses, and increase income, use budgeting tools, focus on housing, transportation, and food, and invest wisely.