How Do You Know If You're Rich?

The easiest way to determine whether you're there yet financially is to gauge your net worth.

You can use this formula;

Multiply your age times your pretax annual income then divide by ten. This is what your net worth should be.

One of the biggest huddles to overcome in boosting your net worth is being debt-free. For many, that is a far-fetched goal but with the right planning and tools you can actually become debt-free in less than 3 years!! I learnt that here.