Yee-haw! Onward to part 2. Let's find out why indeed tracking all that action from part 1 is truly important. We're going to learn how to organise that spending information. Now that we are in the habit of recording our spending (or giving it a shot)...
Tracking expenses at its core is the most important step to growing wealthy. Amazingly, most people try to ignore this crucial step. When I saw that paycheque of how much my company had paid me that year for my time and effort versus how much I had actually kept to improve my net worth, it made me feel a bit like a schmuck...
Alright gang, here we go! The most critical component of growing wealthy at the early stages: learning how to TRACK YOUR EXPENSES. How could we possibly save money or reach financial goals, if we do not know what we are burning $$ on?..
