Welcome to another episode in the summer mini-series where we’re diving into topics related to creating an amazing life—something that I know applies to all the entrepreneurs listening. Today we’re jumping into something that all the finance geeks will love: tracking your net worth and spending. I’m sharing not only why you should be doing it, but also the best ways I’ve found to pull the info together in a way that makes sense and doesn’t have you sharing your financial info with third-party apps.

Listen in as I break down the high-level reasons why you absolutely should be tracking your net worth and your household spending, the method I love for tracking spending, and what I include (and exclude) when looking at my net worth. I also discuss my 4% rule, benchmarking, and the cool freedom chart that tracks your monthly burn rate against your earnings and shows you real-life progress over time.

You’ll learn:

  • Why you should consider tracking your net worth. (3:25)
  • My personal experience with tracking net worth. (9:00)
  • How our net worth is broken down. (14:50)
  • How to track your spending. (18:10)

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(With your host Andrew Youderian of eCommerceFuel.com)

What Was Mentioned

Image by Kris from Pixabay.

Andrew Youderian
Post by Andrew Youderian
Andrew is the founder of eCommerceFuel and has been building eCommerce businesses ever since gleefully leaving the corporate world in 2008.  Join him and 1,000+ vetted 7- and 8-figure store owners inside the eCommerceFuel Community.

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