Take Charge of Your Money, an editorial partnership between Citibank and www.inquirer.net, has been giving out personal finance advice in this space since September 5, 2006. Readers have sent their questions about saving, investment, debt, financial goals, and financial security. On our 180th column, we looked back on the past three and a half years and chose our top 10 money advice-our gift to you our readers. Here's to a bright financially secure future!
1. Find out how much you are worth. Go ahead, put a price tag on yourself and find out just how much you are worth today. Add up all your assets (cash, bank deposits, liquid investments, house, car, jewelry, and others), deduct all your liabilities (bills due, loan amount, credit card debt, long-term loan), and you will get your net worth. A positive net worth shows you are on the right track, while a negative one will serve as a wake-up call for more financial discipline. This 'snapshot' of your financial standing will also clue you in should you need to move your investment around or stop racking up new debt.
No comments:
Post a Comment