6 Personal Finance Metrics You Can’t Afford Not to Track

Everyone wants to achieve financial success, but how do you know which personal finance metrics to track?

If you want to be more purposeful in achieving financial success, these are the financial metrics you need to pay attention to.

Personal Finance Metric #1: Income

We’ll start out with the most basic  personal finance metric that you probably already know. How much money  are you bringing in every month?

One of the easiest ways to decrease your expenses is just to start tracking them and see where your money is going.

Personal Finance Metric #2: Expenses

If you’re already tracking your income and expenses, your savings rate is easy to measure.

Personal Finance Metric #3: Savings Rate

If there was only one personal finance metric I could track, I would choose net worth above all others.

Personal Finance Metric #4: Net Worth

Personal Finance Metric #5: Passive Income

Passive income is just money coming in the door that you don’t have to work for. Usually, passive income is the result of your money working for you.

Swipe up to continue reading!