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Know Thy Money by Lama Farran

Home  - What's the first step you need to accomplish before you can change any behavior? You have to obviously be aware of the behavior in question.

That is why financial awareness is crucial if you want to change the state of your money.
Essentially, you need to have a crystal clear awareness of where you stand today so you can get to where you want to be.

Here are a few tips that you can implement in order to increase your financial self-awareness:

Know Thy Net Worth
To calculate your net worth, you need to know the total value of your assets (what you own) and the total value of your debts (what you owe). The difference between these 2 numbers will represent your net worth.

Read the full story here. 

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